Common use of Option Acceleration Clause in Contracts

Option Acceleration. If, within twelve (12) months after a Change of Control, the Employee’s employment is terminated by the Company without Cause or Constructively Terminated by the Company without Cause, then the vesting and exercisability of each option granted to the Employee by the Company (the “Options”) shall be automatically accelerated in full.

Appears in 6 contracts

Samples: Change of Control Option Acceleration Agreement, Change of Control Option Acceleration Agreement (Synplicity Inc), Change of Control Option Acceleration Agreement (Synplicity Inc)

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Option Acceleration. If, If the Employee's employment with the ------------------- Company terminates as a result of an Involuntary Termination at any time within twelve (12) months after a Change of Control, the Employee’s employment is terminated by the Company without Cause or Constructively Terminated by the Company without Cause, then the vesting and exercisability of each option granted to the Employee by the Company (the "Options") shall be automatically accelerated in full.

Appears in 1 contract

Samples: Change of Control Severance Agreement (Netiq Corp)

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Option Acceleration. If, If the Employee's employment with the Company ------------------- terminates as a result of an Involuntary Termination at any time within twelve (12) months after a Change of Control, the Employee’s employment is terminated by the Company without Cause or Constructively Terminated by the Company without Cause, then the vesting and exercisability of each option granted to the Employee by the Company (the “Options”) Option shall be automatically accelerated in full.

Appears in 1 contract

Samples: Option Acceleration Agreement (Captura Software Inc)

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