Common use of Option Vesting Clause in Contracts

Option Vesting. If the Executive’s employment with the Company is terminated pursuant to Sections 1.1(a) or 1.1(b), 100% of any options to purchase shares of Common Stock of the Company then held by the Executive, 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 Termination Date. All other terms of the Executive’s options shall remain in full force and effect.

Appears in 2 contracts

Samples: Change of Control Agreement, Change of Control Agreement (Coley Pharmaceutical Group, Inc.)

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Option Vesting. If the Executive’s employment with the Company is terminated pursuant to Sections 1.1(a), 1.1(b) or 1.1(b1.1(d), 100% of any options to purchase shares of Common Stock of the Company then held by the ExecutiveExecutive on the date immediately preceding the Termination Date, 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 Termination Date. All other terms of the Executive’s options shall remain in full force and effect.

Appears in 1 contract

Samples: Change of Control and Severance Agreement (Coley Pharmaceutical Group, Inc.)

Option Vesting. If the ExecutiveEmployee’s employment with the Company is terminated pursuant to Sections 1.1(a) or 1.1(b), 100% of any options to purchase shares of Common Stock of the Company then held by the ExecutiveEmployee, 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 Termination Date. All other terms of the ExecutiveEmployee’s options shall remain in full force and effect.

Appears in 1 contract

Samples: Change of Control Agreement (Biospecifics Technologies Corp)

Option Vesting. If the Executive’s employment with the Company is terminated pursuant to Sections 1.1(a2.1 (a) or 1.1(b2.1(b), 100% of any options to purchase shares of Common Stock of the Company then held by the Executive, 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 Termination Datedate of such termination. All other terms of the Executive’s options shall remain in full force and effect.

Appears in 1 contract

Samples: Amendment to the Bratzler Letter Agreement (Coley Pharmaceutical Group, Inc.)

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Option Vesting. If the Executive’s your employment with the Company is terminated pursuant to Sections 1.1(a4(a) or 1.1(b4(d), 100% of any options to purchase shares of Common Stock of the Company then held by you on the Executivedate immediately preceding the Termination Date, 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 Termination Date. All other terms of the Executive’s your options shall remain in full force and effect.

Appears in 1 contract

Samples: Employment Agreement (Coley Pharmaceutical Group, Inc.)

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