Common use of ACCELERATION OF STOCK OPTION VESTING Clause in Contracts

ACCELERATION OF STOCK OPTION VESTING. Notwithstanding the language in Executive's option agreement(s) or any other language to the contrary, the vesting of Executive's stock option(s) shall accelerate and immediately become vested and exercisable with respect to all of those option shares which otherwise would not be vested and exercisable on the date of Executive's Covered Termination.

Appears in 8 contracts

Samples: Executive Severance Benefits Agreement (Award Software International Inc), Executive Severance Benefits Agreement (Award Software International Inc), Executive Severance Benefits Agreement (Award Software International Inc)

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ACCELERATION OF STOCK OPTION VESTING. Notwithstanding the language in Executive's option agreement(s) or any other language to the contrary, the vesting of Executive's stock option(s) shall accelerate and immediately become vested and exercisable with respect to all of those option shares which otherwise would not be have vested and exercisable on if Executive had continued to render services to the Company for twenty-four (24) months following the date of Executive's Covered Termination.

Appears in 1 contract

Samples: Control Severance Benefits Agreement (Continuus Software Corp /Ca)

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