Stock Acceleration. If the Change in Control Date occurs during the Term, then, each outstanding option to purchase shares of Common Stock of the Company held by the Executive shall become immediately exercisable in full in accordance with the terms and conditions of the Company’s 1997 Stock Incentive Plan.
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Samples: Executive Retention Agreement (Biosphere Medical Inc), Executive Retention Agreement (Biosphere Medical Inc), Executive Retention Agreement (Biosphere Medical Inc)
Stock Acceleration. If the Change in Control Date occurs during the Employment 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 shall become immediately exercisable in full in accordance with and will no longer be subject to a right of repurchase by the terms Company and conditions of the Company’s 1997 Stock Incentive Plan.(b) each outstanding restricted stock award shall be deemed to be fully vested and
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Stock Acceleration. If the Change in Control Date occurs during the Term, then, each outstanding option to purchase shares of Common Stock of the Company held by the Executive shall become immediately exercisable in full in accordance with the terms and conditions of the Company’s 1997 Stock Incentive PlanPlan and notwithstanding any provision in any applicable option agreement to the contrary, each such option shall continue to be exercisable by the Executive for a period of 36 months following the Date of Termination.
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Samples: Executive Retention Agreement (Biosphere Medical Inc)