Common use of Stock Acceleration Clause in Contracts

Stock Acceleration. If the Executive’s employment is terminated by the Company without Cause or by the Executive for Good Reason following a Change in Control, then all stock options, restricted stock or other equity awards subject to vesting that are held by the Executive as of such employment termination shall become vested in full effective immediately prior to such employment termination.

Appears in 3 contracts

Samples: Executive Retention Agreement (Netezza Corp), Executive Retention Agreement (Netezza Corp), Retention Agreement (Netezza Corp)

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Stock Acceleration. If the Executive’s 's employment is terminated by the Company without Cause or by the Executive for Good Reason following a Change in Control, then all stock options, restricted stock or other equity awards subject to vesting that are held by the Executive as of such employment termination shall become vested in full effective immediately prior to such employment termination.

Appears in 1 contract

Samples: Executive Retention Agreement (Netezza Corp)

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