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: Severance Agreement (Cv Therapeutics Inc), Severance Agreement (Cv Therapeutics Inc), Severance Agreement (Cv Therapeutics Inc)

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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)

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