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: Release of Claims Agreement (Cholestech Corporation), Release of Claims Agreement (Cholestech Corporation), Release of Claims Agreement (Cholestech Corporation)
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: Release of Claims Agreement (Cholestech Corporation), Release of Claims 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)