Single Trigger Acceleration. If the Company is subject to a Change in Control before Executive’s service to the Company terminates, there will be 100% acceleration of all then-unvested equity awards Executive holds. In addition, the Prior Awards will continue to be eligible to receive the Project Entity-specific accelerated vesting provided for in the original award agreement evidencing the Prior Award in connection with a Project Entity Change in Control. For example, if the Company elects to sell Nina Biotherapeutics, Inc. in a transaction that qualifies as a Project Entity Change in Control, the Prior Awards which had originally been issued to Executive by Nina Biotherapeutics, Inc. shall be entitled to 100% acceleration in connection such transaction.
Appears in 4 contracts
Samples: Employment Agreement (Atara Biotherapeutics, Inc.), Employment Agreement (Atara Biotherapeutics, Inc.), Employment Agreement (Atara Biotherapeutics, Inc.)
