Common use of Stock Acceleration Clause in Contracts

Stock Acceleration. If the Change in Control Date occurs during the Term, then, effective upon the Change in Control Date, (a) each outstanding option to purchase shares of Common Stock of the Company held by the Executive, not otherwise fully exercisable or automatically exercisable in full upon a Change in Control, shall become immediately exercisable in full, (b) each outstanding restricted stock award shall be deemed to be fully vested and no longer subject to a right of repurchase by the Company and (c) notwithstanding any provision in any applicable option agreement to the contrary, each such option shall continue to be exercisable by the Executive (to the extent such option was exercisable on the Date of Termination) for a period of six months following the Date of Termination.