Option Acceleration Upon a Change of Control. Upon the occurrence of a Change of Control, the vesting and exerciseability of this option shall automatically accelerate in full. For purpose of this Section 3. "
Option Acceleration Upon a Change of Control. Upon a Change of Control, the vesting and exercisability of each option granted to the Employee by the Company (the "Options") shall automatically accelerate in full; provided, however, that if it is determined by the Company's independent public accountants that such acceleration would preclude accounting for the Change of Control as a pooling of interests for financial accounting purposes, and it is a condition to the closing of the Change of Control that the transaction be accounted for as a pooling of interests, then the vesting and exercisability of the Options shall not accelerate pursuant to this Section 4(a).
Option Acceleration Upon a Change of Control. If a Change of Control occurs while the Employee is employed by CollaGenex, regardless of whether Employee’s employment relationship with CollaGenex continues following such Change of Control, then (a) all stock options granted by CollaGenex to the Employee prior to the Change of Control shall become fully vested and exercisable as of the date of the Change of Control to the extent such stock options are outstanding and unexercisable at the time of such termination, and (b) all stock subject to a right of repurchase by CollaGenex (or its successor) that was purchased prior to the Change of Control shall have such right of repurchase lapse with respect to all of such shares.
Option Acceleration Upon a Change of Control. Upon a Change of -------------------------------------------- Control, the vesting and exercisability of each option granted to the Employee by the Company (the "Options") shall be automatically accelerated as to 50% of the unvested shares subject thereto at the time of the Change of Control.
Option Acceleration Upon a Change of Control. If a Change of Control occurs while the Director is performing services on behalf of Connetics in his or her capacity as a member of Connetics’ Board of Directors, regardless of whether Director’s directorship with Connetics continues following such Change of Control, then (a) all stock options granted by Connetics to the Director prior to the Change of Control shall become fully vested and exercisable as of the date of the Change of Control to the extent such stock options are outstanding and unexercisable at the time of such termination, and (b) all stock subject to a right of repurchase by Connetics (or its successor) that was purchased prior to the Change of Control shall have such right of repurchase lapse with respect to all of such shares.
Option Acceleration Upon a Change of Control. If, within twelve (12) months after a Change of Control, the Company terminates Employee's employment other than for Cause (as defined in Section 4 below) or materially reduces the Employee's duties or responsibilities, then the vesting and excercisability of this option shall automatically accelerate in full. For purposes of this section 3, "
Option Acceleration Upon a Change of Control. If a Change of Control occurs while the Employee is employed by Right, regardless of whether Employee's employment relationship with Right continues following such Change of Control, then all stock options granted by Right to the Employee prior to the Change of Control shall become fully vested and exercisable as of the date of the Change of Control to the extent such stock options are outstanding and unexercisable at the time of such termination.
Option Acceleration Upon a Change of Control. Subject to any additional acceleration of exercisability described in Section 6(a) below, upon a Change of Control (as defined in Section 7 below), the vesting and exercisability of Executive’s outstanding options shall be automatically accelerated as to 50% of the then-unvested shares subject thereto at the time of the Change of Control. The foregoing provision is hereby deemed to be a part of each such option and to supersede any contrary provision in any agreement regarding such option.
Option Acceleration Upon a Change of Control. Upon a Change of Control, the vesting and exercisability of each option granted to the Employee by the Company (collectively, the "Options") shall be automatically accelerated in full.
Option Acceleration Upon a Change of Control. Subject to any additional acceleration of exercisability described in Section 6(a) below, upon a Change of Control (as defined in Section 7 below), the vesting and exercisability of Executive's outstanding options and/or restricted stock shall be automatically accelerated as to 100% of the then-unvested shares subject thereto at the time of the Change of Control. The exercisability of such options and/or restricted stock shall be extended to a total of twelve (12) months from the date of such Change of Control. The foregoing provision is hereby deemed to be a part of each such option and/or grant of restricted stock and to supersede any contrary provision in any agreement relating thereto.
