Common use of Option Acceleration Clause in Contracts

Option Acceleration. One hundred percent (100%) of the shares subject to all outstanding options granted to the Employee by the Company (the “Options”) prior to the date of such termination shall immediately become vested and exercisable in full upon such termination. Following such acceleration, the Options shall continue to be subject to the terms and conditions of the Company’s stock option plans and the applicable option agreements between the Employee and the Company.

Appears in 7 contracts

Samples: Change of Control Severance Agreement (Pinnacle Systems Inc), Change of Control Severance Agreement (Pinnacle Systems Inc), Change of Control Severance Agreement (Pinnacle Systems Inc)

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Option Acceleration. One hundred percent (100%) of the shares subject to all outstanding options Options granted to the Employee by the Company (the “Options”) prior to the date Change of such termination Control shall immediately become vested and exercisable in full upon such terminationInvoluntary Termination. Following such acceleration, the Options shall continue to be subject to the terms and conditions of the Company’s stock option plans and the applicable option agreements between the Employee and the Company.

Appears in 7 contracts

Samples: Change of Control Severance Agreement (Pinnacle Systems Inc), Change of Control Severance Agreement (Pinnacle Systems Inc), Change of Control Severance Agreement (Pinnacle Systems Inc)

Option Acceleration. One hundred percent (100%) of the shares subject to all outstanding options granted to the Employee by the Company prior to the Change of Control (the “Options”) prior to the date of such termination shall immediately become vested and exercisable in full upon such terminationInvoluntary Termination. Following such acceleration, the Options shall continue to be subject to the terms and conditions of the Company’s stock option plans and the applicable option agreements between the Employee and the Company.

Appears in 2 contracts

Samples: Change of Control Severance Agreement (Pinnacle Systems Inc), Change of Control Severance Agreement (Pinnacle Systems Inc)

Option Acceleration. One hundred percent (100%) of the shares subject to all outstanding options granted to the Employee by the Company (the “Options”) prior to the date Change of such termination Control shall immediately become vested and exercisable in full upon such terminationInvoluntary Termination. Following such acceleration, the Options such options shall continue to be subject to the terms and conditions of the Company’s stock option plans and the applicable option agreements between the Employee and the Company.

Appears in 1 contract

Samples: Change of Control Severance Agreement (Pinnacle Systems Inc)

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Option Acceleration. One hundred percent (100%) of the shares subject to all outstanding options granted to the Employee by the Company (the “Options”) prior to the date of such termination Options shall immediately become vested and exercisable in full upon such terminationInvoluntary Termination. Following such acceleration, the Options shall continue to be subject to the terms and conditions of the Company’s stock option plans and the applicable option agreements between the Employee and the Company.

Appears in 1 contract

Samples: Change of Control Severance Agreement (Pinnacle Systems Inc)

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