Common use of Special Acceleration of Option Clause in Contracts

Special Acceleration of Option. (a) In the event of a Corporate Transaction, the exercisability of this option, to the extent outstanding at such time but not otherwise fully exercisable, shall automatically accelerate so that this option shall, immediately prior to the effective date of the Corporate Transaction, become exercisable for any or all of the Option Shares at the time subject to this option as fully-vested shares of Common Stock. No such acceleration of this option,

Appears in 1 contract

Samples: Onyx Acceptance Corp

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Special Acceleration of Option. (a) In the event of a Corporate Transaction, the exercisability of this This option, to the extent outstanding at such the time of a Corporate Transaction but not otherwise fully exercisable, shall automatically accelerate so that this option shall, immediately prior to the effective date of the such Corporate Transaction, become exercisable for any or all of the Option Shares at the time subject to this option as fully-vested shares of Common Stock. No such acceleration of this option,and may be exercised for any or all

Appears in 1 contract

Samples: Digital Lightwave Inc

Special Acceleration of Option. (a) In the event of a Corporate Transaction, the exercisability of this option, to the extent outstanding at such time but not otherwise fully exercisable, shall automatically accelerate so that this option shall, immediately prior to the effective date of the Corporate Transaction, become exercisable for any or all of the Option Shares at the time subject to this option as fully-vested shares of Common Stock. No such acceleration of this option,subject

Appears in 1 contract

Samples: Clarify Inc

Special Acceleration of Option. (a) In the event of a Corporate Transaction, the exercisability of this This option, to the extent outstanding at such the time of a Corporate Transaction but not otherwise fully exercisableexercisable for all the Option Shares, shall automatically accelerate in full so that this option shall, immediately prior to the effective date of the Corporate Transaction, 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-vested shares of Common Stock. No such acceleration of this option,shares.

Appears in 1 contract

Samples: Fastcomm Communications Corp

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Special Acceleration of Option. (a) In the event of a Corporate Transaction, the exercisability of this This option, to the extent outstanding at such the time of a Corporate Transaction but not otherwise fully exercisable, shall automatically accelerate so that this option shall, immediately prior to the effective date of the Corporate Transaction, 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-vested shares of Common Stock. No such acceleration of this option,.

Appears in 1 contract

Samples: Stock Option Agreement (Globecomm Systems Inc)

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