Common use of Stock Award Acceleration Clause in Contracts

Stock Award Acceleration. Immediately prior to the effective date of ------------------------ the Change of Control, 100% of all outstanding stock options granted and restricted stock issued by the Company to Executive prior to the date of this Agreement, including the options described in the Memorandum from Xxxx Xxxxxxxx dated March 29, 2002, together with any options issued in a tender offer in exchange for such outstanding options (collectively the "Outstanding Options"), shall vest. In addition, all vested Outstanding Options, including the accelerated options described above, shall be exercisable by Executive for a period of one year following the end of such transition period (if any) or one year following termination if the Company requests no transition period.

Stock Award Acceleration. Immediately prior to the effective date of ------------------------ the Change of ControlUpon Executive's termination date, 100% of ------------------------ all outstanding stock options granted and restricted stock issued by the Company to Executive prior to the date of this Agreement, including the options described in the Memorandum from Xxxx Xxxxxxxx dated March 29, 2002, together with any options issued in a tender offer in exchange for such outstanding options (collectively the "Outstanding Options"), shall vest. In addition, all vested Outstanding Options, including the accelerated options described above, shall be exercisable by Executive for a period of one year following the end of such transition period (if any) or one year following termination if the Company requests no transition period.

Stock Award Acceleration. Immediately prior to the effective date of ------------------------ the Change of Control, 100% of all outstanding stock options granted and restricted stock issued by the Company to Executive prior to the date of this Agreement, including and the options described in the Memorandum letter from W. Xxxxxxx Xxxx Xxxxxxxx dated March 29October 5, 20022006 (the “Letter”), together with any options issued in a tender offer in exchange for such outstanding options (collectively the "“Outstanding Options"”), shall vest. In addition, all vested Outstanding Options, including the accelerated options described above, shall be exercisable by Executive for a period of one year following the end of such transition period (if any) or one (1) year following termination if the Company requests no transition period.