Acceleration of Exercise Date Clause Samples

The Acceleration of Exercise Date clause allows for the advancement of the date on which an option or right, such as a stock option, can be exercised by the holder. Typically, this clause is triggered by specific events, such as a merger, acquisition, or change of control, which would otherwise impact the normal vesting or exercise schedule. By enabling earlier exercise, the clause ensures that the holder is not disadvantaged by unforeseen corporate events and can realize the benefits of their rights or options sooner than originally planned.
Acceleration of Exercise Date. In its sole discretion, the Board of Directors may accelerate the date or dates on which this Option may be exercised in whole or in part.
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Acceleration of Exercise Date. If and to the extent the Option is not already exercisable, it shall become exercisable upon the occurrence of any of the following events: (a) The Participant's death while employed by the Employer; (b) the Participant's Disability (as defined in the Employment Agreement); (c) the Participant's termination of her employment for Good Reason (as defined in the Employment Agreement); (d) termination of the Participant's employment other than for Cause by the Employer (as defined in the Employment Agreement); (e) a Change of Control (as defined in the Employment Agreement) with respect to the Company or ADSX; or (f) the Company ceases to be a Subsidiary of ADSX.
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Acceleration of Exercise Date. In the event the Company enters into an agreement to sell, convey or dispose of all or substantially all of the Company’s property or business or the Company’s merger with or into or consolidation with any other corporation (other than a wholly-owned subsidiary of the corporation) or if the Company effects any other transaction or series of related transactions in which more than fifty percent (50%) of the voting power of the Company is disposed of, the Exercise Date shall be accelerated and shall be the date on which the Company enters into such transaction. In such an event, the Company shall provide notice to the Holder in accordance with this Warrant.
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Acceleration of Exercise Date. The Company shall have the right to accelerate the Expiration Date in the event that (i) the Class B Stock is traded on a national securities exchange, the NASDAQ National Market or the NASDAQ SmallCap Market; and (ii) the Class B Stock trades at $15.00 per share and does not trade below $15.00 for a period of 20 consecutive trading days. Upon the satisfaction of such conditions, the Company shall have the right, but not the obligation, to provide a written notice accelerating the Expiration Date to a date not less than 30 calendar days after the date of such notice. Upon the issuance of such notice, and expiration of the exercise period, the Company shall redeem any outstanding and unexercised Warrants for $0.10 per Warrant. The Expiration Date, as accelerated hereunder, shall be considered to be the "Expiration Date".
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Acceleration of Exercise Date. In the event the Company enters into an agreement to sell a majority of its assets, the Exercise Date shall be accelerated and shall be the date on which the Company enters into such agreement. In such an event, the Company shall provide notice to the Holder in accordance with this Warrant.
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Acceleration of Exercise Date 
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Related to Acceleration of Exercise Date

  • Acceleration of Exercisability In the event of the merger or consolidation of the Company with or into another corporation, or the acquisition by another corporation or person of all or substantially all of the Company's assets or eighty percent (80%) or more of the Company's then outstanding voting stock, or the liquidation or dissolution of the Company, the Board may, in its absolute discretion and upon such terms and conditions as it deems appropriate, provide by resolution, adopted prior to such event and incorporated in the notice referred to in Section 3.3(vi), that at some time prior to the effective date of such event this Option shall be exercisable as to all the shares covered hereby, notwithstanding that this Option may not yet have become fully exercisable under Section 3.1(a); provided, however, that this acceleration of exercisability shall not take place if: (i) This Option becomes unexercisable under Section 3.3 prior to said effective date; or (ii) In connection with such an event, provision is made for an assumption of this Option or a substitution therefor of a new option by an employer corporation or a parent or subsidiary of such corporation. The Board may make such determinations and adopt such rules and conditions as it, in its absolute discretion, deems appropriate in connection with such acceleration of exercisability, including, but not by way of limitation, provisions to ensure that any such acceleration and resulting exercise shall be conditioned upon the consummation of the contemplated corporate transaction, and determinations regarding whether provisions for assumption or substitution have been made as defined in clause (ii) above.

  • Duration of Exercisability The installments provided for in Section 3.1 are cumulative. Each such installment which becomes exercisable pursuant to Section 3.1 shall remain exercisable until it becomes unexercisable under Section 3.3.

  • Suspension of Exercisability To the extent that the Company determines in good faith that some action will or need be taken pursuant to Section 3.1 or to comply with federal or state securities laws, the Company may suspend the exercisability of the Rights for a reasonable period in order to take such action or comply with such laws. In the event of any such suspension, the Company shall issue as promptly as practicable a public announcement stating that the exercisability or exchangeability of the Rights has been temporarily suspended. Notice thereof pursuant to Section 5.9 shall not be required. Failure to give a notice pursuant to the provisions of this Agreement shall not affect the validity of any action taken hereunder.

  • Period of Exercisability SECTION 3.1 - COMMENCEMENT OF EXERCISABILITY -------------------------------------------- (a) Subject to Sections 3.4 and 3.5, the Option shall become exercisable in four (4) cumulative installments as follows: (i) The first installment shall consist of twenty-five percent (25%) of the shares covered by the Option and shall become exercisable on the first anniversary of the date the Option is granted. (ii) The second installment shall consist of twenty-five percent (25%) of the shares covered by the Option and shall become exercisable on the second anniversary of the date the Option is granted. (iii) The third installment shall consist of twenty-five percent (25%) of the shares covered by the Option and shall become exercisable on the third anniversary of the date the Option is granted. (iv) The fourth installment shall consist of twenty-five percent (25%) of the shares covered by the Option and shall become exercisable on the fourth anniversary of the date the Option is granted. (b) No portion of the Option which is unexercisable at Termination of Employment shall thereafter become exercisable. SECTION 3.2 - DURATION OF EXERCISABILITY ---------------------------------------- The installments provided for in Section 3.1 are cumulative. Each such installment which becomes exercisable pursuant to Section 3.1 shall remain exercisable until it becomes unexercisable under Section 3.3. In the event the provisions of Section 3.4 become applicable, the Option shall remain exercisable until it becomes unexercisable under Section 3.3.

  • Timing of Exercise The Warrants shall be exercisable at any time in whole or in part from time to time commencing as of February 17, 2006 and expiring at 5:00 P.M., New York time, on February 16, 2011 (the “Expiration Date”), subject to earlier termination as provided herein, and may not be exercised thereafter.