Common use of Option Acceleration Clause in Contracts

Option Acceleration. If the Employee's employment with the Company terminates as a result of an Involuntary Termination at any time within 12 months after a Change of Control, then one hundred percent (100%) of the shares subject to all options granted to the Employee by the Company and still outstanding (the "Options") shall immediately become vested and exercisable in full upon such Involuntary Termination. Such vested shares 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 (Cholestech Corporation), Change of Control Severance Agreement (Cholestech Corporation), Change of Control Severance Agreement (Cholestech Corporation)

AutoNDA by SimpleDocs

Option Acceleration. If the Employee's employment with the Company terminates as a result of an Involuntary Termination at any time within 12 twelve (12) months after a Change of Control, then one hundred percent (100%) of the shares subject to all options granted to the Employee by the Company and still outstanding (the "Options") shall immediately become vested and exercisable in full upon such Involuntary Termination. Such vested shares 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 6 contracts

Samples: Change of Control Severance Agreement (Cholestech Corporation), Change of Control Severance Agreement (Cholestech Corporation), Change of Control Severance Agreement (Cholestech Corporation)

Option Acceleration. If the Employee's ’s employment with the Company terminates as a result of an Involuntary Termination at any time within 12 months after a Change of Control, then one hundred percent (100%) of the shares subject to all options granted to the Employee by the Company and still outstanding (the "Options") shall immediately become vested and exercisable in full upon such Involuntary Termination. Such vested shares shall continue to be subject to the terms and conditions of the Company's ’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 (Cholestech Corporation), Change of Control Severance Agreement (Cholestech Corporation)

AutoNDA by SimpleDocs

Option Acceleration. If the Employee's employment with the Company terminates as a result of an Involuntary Termination at any time within 12 twelve (12) months after a Change of Control, then one hundred percent (100%) as to the unvested portion of each option to purchase shares of the shares subject to all options Company's equity securities that was granted to the Employee by the Company and still outstanding at least six (6) months prior to the Change of Control (the "Options") ), the vesting and exercisability of each of the Options shall immediately become be automatically accelerated and shall be fully vested and exercisable in full upon such as at the date of Involuntary Termination. Such vested shares 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 (Lsi Logic Corp)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!