Special Acceleration of Option. In the event of a Corporate Transaction, this Option shall be assumed or an equivalent option substituted by the successor corporation or a Parent or Subsidiary of the successor corporation. In the event that the successor corporation refuses to assume or substitute for this Option, the Optionee shall fully vest in and have the right to exercise this Option as to all of the Optioned Shares, including Optioned Shares for which this Option is not otherwise exercisable. If an Option becomes fully vested and exercisable in lieu of assumption or substitution in the event of a Corporate Transaction, the Administrator shall notify the Optionee in writing or electronically that this Option shall be fully vested and exercisable for a period of fifteen (15) days from the date of such notice, and this Option shall terminate upon the expiration of such period.
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Special Acceleration of Option. In the event of a Corporate Transaction, this Option shall be assumed the Board or an equivalent option substituted by Committee may, in its discretion, (i) provide for the successor corporation assumption or a Parent substitution of, or Subsidiary of the successor corporation. In the event that the successor corporation refuses to assume or substitute for adjustment to, this Option, ; (ii) accelerate the Optionee shall fully vest in and have the right to exercise vesting of this Option; and/or (iii) provide for termination of this Option as to all a result of the Optioned SharesCorporate Transaction on such terms and conditions as it deems appropriate, including Optioned Shares providing for which the cancellation of this Option is not otherwise exercisablefor a cash payment to Optionee. If an this Option becomes fully vested and exercisable in lieu of assumption or substitution in the event of a Corporate Transaction, the Administrator shall notify the Optionee in writing or electronically that this Option shall be fully vested and exercisable for a period of fifteen (15) days from the date of such notice, and this Option shall terminate upon the expiration of such period.
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