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 October 1, 1999 between the Company and Mr. 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 October 1September 14, 1999 1999, between the Company and Mr. Xxxx 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 October 1, 1999 1998 between the Company and Mr. Xxxx 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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