Common use of Acceleration of Exercisability Clause in Contracts

Acceleration of Exercisability. Unless the Option has earlier terminated pursuant to the provisions of the Agreement, the exercisability of the Option granted to Grantee hereunder shall be accelerated so that the Vested Option Shares shall become exercisable earlier in whole or in part upon the terms and conditions set forth in the Employment Agreement dated as of September 14, 1999, between the Company and Mr. Xxxxxxx (xxe "Employment Agreement").

Appears in 2 contracts

Samples: Employment Agreement (Ace Comm Corp), Qualified Stock Option Grant Agreement (Ace Comm Corp)

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Acceleration of Exercisability. Unless the Option has earlier terminated pursuant to the provisions of the Agreement, the exercisability of the Option granted to Grantee hereunder shall be accelerated so that the Vested Option Shares shall become exercisable earlier in whole or in part upon the terms and conditions set forth in the Employment Agreement dated as of September 14October 1, 1999, 1999 between the Company and Mr. Xxxxxxx Xxxx (xxe "Employment Agreement").

Appears in 2 contracts

Samples: Employment Agreement (Ace Comm Corp), Qualified Stock Option Grant Agreement (Ace Comm Corp)

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Acceleration of Exercisability. Unless the Option has earlier terminated pursuant to the provisions of the Agreement, the exercisability of the Option granted to Grantee hereunder shall be accelerated so that the Vested Option Shares shall become exercisable earlier in whole or in part upon the terms and conditions set forth in the Employment Agreement dated as of September 14October 1, 1999, 1998 between the Company and Mr. Xxxxxxx Xxxxxxxx (xxe "Employment Agreement").

Appears in 1 contract

Samples: Omnibus Stock Plan Non Qualified Stock Option Grant Agreement (Ace Comm Corp)

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