Tail. Subject to paragraph (a) of this Section 7, in the event of a Change in Control, to the extent the successor company (or a subsidiary or parent thereof) assumes or substitutes for the Option on substantially the same terms and conditions (which may include providing for settlement in the common stock of the successor company (or a subsidiary or parent thereof)), and in the event of an Involuntary Termination of the Grantee within 12 months following the date of the Change in Control, the Option shall become fully vested and exercisable, and may be exercised by the Grantee at any time until the close of business on the last calendar day of the 24th full calendar month following the date of such Involuntary Termination.
Appears in 11 contracts
Samples: Ceo Incentive Stock Option Grant Agreement (Mast Therapeutics, Inc.), Senior Executive Incentive Stock Option Grant Agreement (Mast Therapeutics, Inc.), Senior Executive Incentive Stock Option Grant Agreement (Mast Therapeutics, Inc.)
