Common use of Stock Option Acceleration Clause in Contracts

Stock Option Acceleration. Executive's stock options under the Company's 1993 Equity Incentive Plan which are outstanding as of the date of the Triggering Event (the "Stock Options") shall become fully vested and exercisable upon the occurrence of a Triggering Event or upon the termination of Executive's employment during the Term which does not otherwise constitute a Triggering Event, notwithstanding the then existing provisions of the relevant Stock Option agreements, which provisions are expressly modified by this Agreement. The period of time during which the Stock Options shall remain exercisable, and all other terms and conditions of the Stock Options, shall be as specified in the relevant Stock Option agreements.

Appears in 6 contracts

Samples: Change in Control Employment and Severance Agreement (Zamba Corp), Change in Control Employment and Severance Agreement (Racotek Inc), Change in Control Employment and Severance Agreement (Racotek Inc)

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Stock Option Acceleration. Executive's stock options under the Company's 1993 Equity Incentive Plan which are outstanding as of the date of the Triggering Event (the "Stock Options") shall become fully vested and exercisable upon the occurrence of a Triggering Event or upon the termination of Executive's employment during the Term which does not otherwise constitute a Triggering Event, notwithstanding the then existing provisions of the relevant Stock Option agreements, which provisions are expressly modified by this Agreement. The period of time during which the Stock Options shall remain exercisable, and all other terms and conditions of the Stock Options, shall be as specified in the relevant Stock Option agreements.

Appears in 3 contracts

Samples: Change in Control Employment and Severance Agreement (Zamba Corp), Change in Control Employment and Severance Agreement (Zamba Corp), Change in Control Employment and Severance Agreement (Zamba Corp)

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Stock Option Acceleration. Executive's ’s stock options under the Company's 1993 Equity Incentive Plan ’s stock option plans which are outstanding as of the date of the Triggering Event (the "Stock Options") shall become fully vested and exercisable upon the occurrence of a Triggering Event or upon the termination of Executive's ’s employment during the Term which does not otherwise constitute a Triggering Event, notwithstanding the then existing provisions of the relevant Stock Option agreements, which provisions are expressly modified by this Agreement. The period of time during which the Stock Options shall remain exercisable, and all other terms and conditions of the Stock Options, shall be as specified in the relevant Stock Option agreements.

Appears in 2 contracts

Samples: Change in Control Employment and Severance Agreement (Zamba Corp), Change in Control Employment and Severance Agreement (Zamba Corp)

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