Accelerated Options definition
Accelerated Options any outstanding Option (or installment thereof) which automatically accelerates, pursuant to the acceleration provisions of the agreement evidencing that Option, upon a Change in Control. · Severance-Accelerated Options: any outstanding Option (or installment thereof) which, pursuant to Part Two of this letter agreement, accelerates upon an Involuntary Termination.
Accelerated Options means those unvested stock options that become vested in accordance with Sections 11(d), 11(e) or 11(g).
Accelerated Options means those unvested stock options that become vested in accordance with Section 6(i) hereof.
Examples of Accelerated Options in a sentence
The Issuing Entity further makes all the representations, warranties and covenants set forth in Schedule P.
Executive acknowledges and agrees that he will not be entitled to, and hereby waives and entitlement he might otherwise have to, accelerated vesting of any other options other than the Accelerated Options as a consequence of his retirement from the Company.
However, if the holder exercises the Accelerated Options before the date or dates on which the options would have vested, the shares that he or she receives will not be saleable until the date or dates in the future when the options would have vested.
Any Options that are not exercisable at the time of the Merger (the "Accelerated Options") will become immediately exercisable to purchase Thermo Electron Common Stock if the options are "in-the-money" on the date of the Merger.
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More Definitions of Accelerated Options
Accelerated Options any outstanding Option (or installment thereof) which accelerates upon a Change in Control in accordance with the automatic acceleration provisions of the Equity Incentive Plans.
Accelerated Options means those unvested stock options that become vested in accordance with Sections 1l(d), 1l(e) or 1l(g).
Accelerated Options means (x) all unvested and outstanding time-based Effective Date Stock Options under Sections 5(i) through 5(iv) of the Effective Date Stock Option Agreement and (y) all unvested and outstanding milestone-based Effective Date Stock Options that would become vested upon the achievement of the next applicable and then-unvested Market Capitalization Vesting Threshold, under Sections 5(v) through 5(vii), as applicable, of the Effective Date Stock Option Agreement. Any CoC Cash Bonus Amount payable to Executive hereunder shall be payable as soon as reasonably practicable following the consummation of the Change of Control. Executive further acknowledges that Company’s obligations under this Paragraph 7.4 are contingent upon and subject to Executive’s signing (and not revoking) an agreement and release of all claims against the Company in a form similar to the one attached hereto as Appendix C (or such other form acceptable to the Company) (the “Release”), and the Release becoming effective in accordance with its terms prior to the sixtieth (60th) day following the Termination Date. The Severance Payments will commence no later than thirty (30) days after the Release becomes effective (such commencement or payment date being referred to as the “Severance Commencement Date”). Notwithstanding the foregoing, if the 60-day period following Executive’s termination ends in a calendar year after the year in which Executive’s employment terminates, the Severance Commencement Date shall be no earlier than the first day of such later calendar year. For the avoidance of doubt, all unvested stock options and other unvested equity awards held by Executive on the Termination Date shall be forfeited on the Termination Date if Executive’s employment is terminated by the Company without Cause or by Executive for Good Reason (in either case, other than on the date a Change of Control is consummated or within 12 months after a Change of Control).
Accelerated Options has the meaning set forth in Section 5.18.
Accelerated Options has the meaning set forth in the Amendment to the Option Agreements.
Accelerated Options means (x) all unvested and outstanding time-based Effective Date Stock Options under Sections 5(i) through 5(iv) of the Effective Date Stock Option Agreement and (y) all unvested and outstanding milestone-based Effective Date Stock Options that would become vested upon the achievement of the next applicable and then-unvested Market Capitalization Vesting Threshold, under Sections 5(v) through 5(vii), as applicable, of the Effective Date Stock Option Agreement. Any CoC Cash Bonus Amount payable to Executive hereunder shall be payable as soon as reasonably practicable following the consummation of the Change of Control.
Accelerated Options shall be determined by multiplying the number of options previously granted to Executive by a fraction the denominator of which is thirty six (36) and the numerator of which is the number of full calendar months that have elapsed from January 1, 2002 to the end of the last full month preceding such termination then deduct from such result the number of options that have vested prior to such termination. For example if the Agreement is terminated on July 1, 2003 and the number of options previously granted to Executive is 600,000, then the number of Accelerated Options shall equal 100,000 (300,000 minus 200,000 vested options equals 100,000).