Common use of Options Granted to Outside Directors Clause in Contracts

Options Granted to Outside Directors. The vesting and exercisability of an Option granted to a Participant for Service as an Outside Director shall be automatically accelerated in full in the event of a Change in Control.

Appears in 5 contracts

Samples: FTC (FTC Solar, Inc.), FTC (FTC Solar, Inc.), Award Agreement (Instil Bio, Inc.)

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