Common use of Stock Option Acceleration Clause in Contracts

Stock Option Acceleration. Notwithstanding anything to the contrary in any stock option agreement, all then-unvested Company stock options held by Executive shall immediately and fully vest if (a) an Early Separation Trigger occurs (provided, that Executive may not exercise any such erstwhile-unvested options until the Acquisition is consummated and thereby proves that the separation really was an Early Separation Trigger), or (b) an Acquisition of the Company occurs and Executive is at that time still in the service of the Company.

Appears in 4 contracts

Samples: Agreement for Acceleration and/or Severance (Cytori Therapeutics, Inc.), Agreement for Acceleration and/or Severance (Cytori Therapeutics, Inc.), Agreement for Acceleration and/or Severance (Cytori Therapeutics, Inc.)

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