Common use of Stock Option Vesting Clause in Contracts

Stock Option Vesting. In the event that the provisions of Subsection 6.4 apply, the shares subject to each stock option for the Employer's (or its affiliate or successor) Common Stock held by Employee shall become fully and immediately vested. Each stock option shall be exercisable to the extent so vested in accordance with the provisions of the Option Agreement and related stock option plan pursuant to which such stock option was granted.

Appears in 5 contracts

Samples: Employment Agreement (Salix Pharmaceuticals LTD), Employment Agreement (Salix Pharmaceuticals LTD), Employment Agreement (Salix Pharmaceuticals LTD)

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