Common use of Option Acceleration Clause in Contracts

Option Acceleration. Each of your outstanding Options will (to the extent not then otherwise exercisable for vested shares) automatically accelerate so that each such Option will become immediately exercisable for the total number of shares of Common Stock at the time subject to that Option. Following your Involuntary Termination, each Option and all your then-vested options may be exercised for any or all vested shares in accordance with the exercise provisions of the option agreement evidencing the Option. However, in no event may any outstanding option be exercised after the specified expiration date of the option term.

Appears in 5 contracts

Samples: Severance Agreement (MDL Information Systems Inc), MDL Information Systems Inc, MDL Information Systems Inc

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Option Acceleration. Each of your outstanding Options under the Stock Option Plan will (to the extent not then otherwise exercisable for vested sharesexercisable) automatically accelerate so that each such Option will become immediately exercisable for the total number of shares purchasable thereunder. Each such accelerated Option, together with all of Common Stock at the time subject to that Option. Following your other vested Options, will remain exercisable for a period of three (3) years following your Involuntary Termination, each Option Termination and all your then-vested options may be exercised for any or all vested of the accelerated shares in accordance with the exercise provisions of the option Option agreement evidencing the Option. However, in no event may any outstanding option be exercised after the specified expiration date of the option termgrant.

Appears in 2 contracts

Samples: Mycogen Corp, Quadramed Corp

Option Acceleration. Each of your outstanding Options will (to the extent not then otherwise exercisable for vested sharesfully exercisable) automatically accelerate so that each such Option will become fully vested and immediately exercisable for the total number of shares of Common Stock at the time subject to that Option. Following your Involuntary TerminationEach such accelerated Option, each Option and together with all your thenother vested Options, xxxx remain exercisable for fully-vested options may be exercised for any or all vested shares in accordance with until the exercise provisions earlier of (i) the option agreement evidencing the Option. However, in no event may any outstanding option be exercised after the specified expiration date of the ten (10)-year option termterm or (ii) the end of two (2) full years measured from the date of your Termination or greater if set forth in the Option.

Appears in 2 contracts

Samples: P Com Inc, P Com Inc

Option Acceleration. Each of your outstanding Options will shall (to the extent not then otherwise exercisable for vested sharesfully exercisable) automatically accelerate so that each such Option will shall become fully vested and immediately exercisable for the total number of shares of Common Stock at the time subject to that Option. Following Each such accelerated Option, together with all of your Involuntary Terminationother vested Options, each Option and all your thenshall remain exercisable for fully-vested options may be exercised for any or all vested shares in accordance with until the exercise provisions earlier of (i) the option agreement evidencing the Option. However, in no event may any outstanding option be exercised after the specified expiration date of the option termterm or (ii) the end of the three (3)-month period measured from the date of your Termination Without Cause or Resignation for Good Cause.

Appears in 1 contract

Samples: Encad Inc

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Option Acceleration. Each of your outstanding Options under the Stock ------------------- Option Plan will (to the extent not then otherwise exercisable for vested sharesexercisable) automatically accelerate so that each such Option will become immediately exercisable for the total number of shares purchasable thereunder. Each such accelerated Option, together with all of Common Stock at the time subject to that Option. Following your other vested Options, will remain exercisable for a period of three (3) years following your Involuntary Termination, each Option Termination and all your then-vested options may be exercised for any or all vested of the accelerated shares in accordance with the exercise provisions of the option Option agreement evidencing the Option. However, in no event may any outstanding option be exercised after the specified expiration date of the option termgrant.

Appears in 1 contract

Samples: Severance Agreement (Mycogen Corp)

Option Acceleration. Each of your outstanding Options will (to the extent not then otherwise exercisable for vested sharesfully exercisable) automatically accelerate so that each such Option will become fully vested and immediately exercisable for the total number of shares of Common Stock at the time subject to that Option. Following your Involuntary TerminationEach such accelerated Option, each Option and together with all your thenother vested Options, will remain exercisable for fully-vested options may be exercised for any or all vested shares in accordance with until the exercise provisions earlier of (i) the option agreement evidencing the Option. However, in no event may any outstanding option be exercised after the specified expiration date of the ten (10) year option termterm or (ii) the end of the one (1) year period measured from the date of your Involuntary Termination.

Appears in 1 contract

Samples: Pope & Talbot Inc /De/

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