Common use of Acceleration of Option Vesting Clause in Contracts

Acceleration of Option Vesting. Finally, any future grant to you of options to purchase shares of the Company’s capital stock will include the appropriate language providing that any of the related unvested options outstanding at the time you are terminated by the Company without Cause or voluntarily terminate your employment with the Company for “Good Reason” as the result of a Change in Control as herein defined will become fully vested and exercisable pursuant to the terms and conditions of the related Stock Option Agreement.

Appears in 6 contracts

Samples: Control Letter Agreement (Bakbone Software Inc), Letter Agreement (Bakbone Software Inc), Letter Agreement (Bakbone Software Inc)

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