Common use of Option Acceleration Clause in Contracts

Option Acceleration. If Executive's employment with the Company terminates due to a Covered Termination, then all options of Executive to purchase the Company's common stock (or the stock of a successor to the Company by reason of assumption or substitution of options) shall become immediately fully vested and exercisable as of the date of Executive's termination of employment.

Appears in 9 contracts

Samples: Executive Severance Benefits Agreement (Cv Therapeutics Inc), Executive Severance Benefits Agreement (Cv Therapeutics Inc), Executive Severance Benefits Agreement (Cv Therapeutics Inc)

AutoNDA by SimpleDocs

Option Acceleration. If Subject to Section 3.4 below, if Executive's employment with the Company terminates due to a Covered Termination, then all options of Executive to purchase the Company's common stock (or the stock of a successor to the Company by reason of assumption or substitution of options) shall become immediately fully vested and exercisable as of the date of Executive's termination of employment.

Appears in 1 contract

Samples: Executive Severance Benefits Agreement (Cv Therapeutics Inc)

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