Special Acceleration of Option. (a) This option, to the extent outstanding at the time of an actual Change in Control but not otherwise fully exercisable, shall automatically accelerate so that this option shall, immediately prior to the effective date of such Change in Control, become exercisable for all of the Option Shares at the time subject to this option and may be exercised for any or all of those Option Shares as fully vested shares of Class A Common Stock.
Appears in 2 contracts
Samples: Stock Option Agreement (Apollo Group Inc), Stock Option Agreement (Apollo Group Inc)
Special Acceleration of Option. (a) This option, to the extent outstanding at the time of an actual Should a Change in Control occur during Optionee’s period of Service but at a time when this option is not otherwise fully vested and exercisable, then this option shall automatically accelerate so that this option shall, immediately prior to the effective date of such that Change in Control, become exercisable for all of the Option Shares at the time subject to this option and may be exercised for any or all of those Option Shares as fully vested shares of Class A Common Stock.
Appears in 2 contracts
Samples: Stock Option Agreement (Apollo Group Inc), Stock Option Agreement (Apollo Group Inc)
Special Acceleration of Option. (a) This In the event of a Change in Control, the exercisability of this option, to the extent outstanding at the such time of an actual Change in Control but not otherwise fully exercisable, shall automatically accelerate so that this option shall, immediately prior to the effective date of such the Change in Control, become exercisable for any or all of the Option Shares at the time subject to this option and may be exercised for any or all of those Option Shares as fully fully-vested shares of Class A Common Stock.
Appears in 1 contract
Special Acceleration of Option. (a) This optionThe Option, to the extent outstanding at the time of an actual a Change in Control transaction but not otherwise fully exercisableexercisable at that time, shall automatically accelerate so that this option the Option shall, immediately prior to the effective date of such Change in Control, vest and become exercisable for all of the Option Shares at the time subject to this option the Option and may be exercised for any or all of those Option Shares as fully vested shares of Class A Common Stock.
Appears in 1 contract
Samples: Non Statutory Stock Option Agreement (Apollo Group Inc)
Special Acceleration of Option. (a) This option, to the extent outstanding at the time of an actual Should a Change in Control be effected during Optionee’s period of Service but at a time when this Option is not otherwise fully vested and exercisable, then this Option shall automatically accelerate vest on an accelerated basis so that this option Option shall, immediately prior to the effective date of such Change in Control, vest and become exercisable for all of the Option Shares at the time subject to this option Option and may be exercised for any or all of those Option Shares as fully vested shares of Class A Common Stock.
Appears in 1 contract
Samples: Stock Option Agreement (Apollo Education Group Inc)