Option Vesting. 100% of any options to purchase shares of common stock of the Company then held by the Director, which options are then subject to vesting, shall, notwithstanding any contrary provision in the option agreement or stock option plan pursuant to which such options had been granted, be accelerated and become fully vested and exercisable on the date immediately preceding the effective date of such termination. All other terms of the Director’s options shall remain in full force and effect.
Appears in 8 contracts
Samples: Non Employee Director Change of Control Agreement (Biospecifics Technologies Corp), Non Employee Director Change of Control Agreement (Biospecifics Technologies Corp), Non Employee Director Change of Control Agreement (Biospecifics Technologies Corp)
Option Vesting. 100% of any options to purchase shares of common stock Common Stock of the Company then held by the Director, which options are then subject to vesting, shall, notwithstanding any contrary provision in the option agreement or stock option plan pursuant to which such options had been granted, be accelerated and become fully vested and exercisable on the date immediately preceding the effective date of such termination. All other terms of the Director’s options shall remain in full force and effect.
Appears in 1 contract
Samples: Non Employee Director Change of Control Agreement (Coley Pharmaceutical Group, Inc.)
