Acceleration of Vesting. In the event of a Change in Control, notwithstanding any provision of the Plan or this Agreement to the contrary, the Option shall become immediately vested and exercisable with respect to 100% of the shares subject to the Option. To the extent practicable, such acceleration of vesting and exercisability shall occur in a manner and at a time which allows the Participant the ability to participate in the Change in Control with respect to the shares of Common Stock received.
Acceleration of Vesting. Unless the Option has earlier terminated pursuant to the provision of the Agreement, vesting of the Option shall be accelerated so that all unvested shares of Stock subject to the Option shall become one hundred percent (100%) vested in the Grantee upon a Change of Control. For purposes of this Agreement, the term “Change of Control” shall mean (i) the sale of all or substantially all of the assets of the Corporation, (ii) the sale of more than fifty percent (50%) of the outstanding common stock of the Corporation in a non-public sale, (iii) the dissolution or liquidation of the Corporation, or (iv) any merger, share exchange, consolidation or other reorganization or business combination of the Corporation if immediately after such transaction either (A) persons who were directors of the Corporation immediately prior to such transaction do not constitute at least a majority of the directors of the surviving entity, or (B) persons who hold a majority of the voting capital stock of the surviving entity are not persons who held a majority of the voting capital stock of the Corporation immediately prior to such transaction.
Acceleration of Vesting. A Participant’s vested interest in his Account will automatically be 100% upon the occurrence of the following events: [select the ones that are applicable]:
Acceleration of Vesting. All stock, stock options, restricted stock awards, long term incentive plan benefits and any other equity awards or benefits that are subject to vesting based upon the continued employment of the Executive shall automatically become vested, unrestricted and/or exercisable, as the case may be.
Acceleration of Vesting. Effective at the time of termination of employment, all unvested stock options and stock previously issued to Executive as to which rights of ownership are subject to forfeiture shall immediately vest; all risk of forfeiture of the ownership of stock or stock options and restrictions on the exercise of options shall lapse; and, Executive shall be entitled to exercise any or all options, such that the underlying shares will be considered outstanding at the time of the termination of employment.
Acceleration of Vesting. If a Change in Control (as defined in the Plan) of the Company occurs prior to March 22, 2014, then all or any part of this Option not theretofore vested shall become immediately vested and be fully exercisable as of the date of the Change in Control (the "Acceleration Date"). The Optionee shall have 90 days following the Acceleration Date to exercise this Option (or the date specified in Section 1(b) if the exercise period would otherwise expire sooner).
Acceleration of Vesting. Notwithstanding anything in Section 4(a) above to the contrary but subject to the provisions of Section 4(c) below, in the event that (A) a Change of Control occurs prior to the time that the Option is exercisable in full for all of the Option Shares, (B) the Optionee is an employee of the Company immediately prior to such Change of Control, and (C) (i) the Optionee suffers any material adverse change in authorities, duties or responsibilities, (ii) the Optionee voluntarily terminates his employment with the Company following any relocation of the Optionee (without his written consent) by the Company to a location that increases Optionee’s commute prior to such relocation by more than fifty (50) miles or (iii) the Company terminates the Optionee’s employment with the Company for any reason or no reason (other than Cause, as such term is defined in Section 4(d) below), in the case of any of the foregoing clauses (i), (ii) or (iii) at any time within 365 days after the occurrence of such Change of Control, then the exercisability of the Option shall be automatically Accelerated such that the Option shall become exercisable for an additional number of Option Shares equal to one hundred percent (100%) of the then Unvested Option Shares (as defined below in Section 4(d) below). The foregoing provisions of this Section 4(b) shall be implemented ratably across all Unvested Option Shares that are subject to the Option immediately prior automatic Acceleration pursuant to this Section 4(b) regardless of when the Option would have otherwise become exercisable for such Unvested Option Shares pursuant to Section 4(a) above. Notwithstanding anything express or implied to the contrary in the foregoing provisions of this Section 4(b), the Option may, as provided in Section 7.1(d) of the Plan, at any time be further accelerated at the discretion of the Committee.
Acceleration of Vesting. If this Section 2 applies, then:
Acceleration of Vesting. In the event of a Change of Control or Potential Change of Control, any stock options not previously vested under this Agreement shall be fully vested. A Change of Control means (i) a person becomes the beneficial owner of Company securities having 20% or more of the total votes that may be cast for the election of directors of the Company, or (ii) the stockholders approve the sale of substantially all of the assets of the Company or the merger or consolidation of the Company with or into another corporation, or (iii) as a result of or in connection with any tender or exchange offer, merger or other business combination, sale of assets, proxy contest or combination of the foregoing, the directors of the Company immediately preceding the event shall cease to constitute the majority of the Company’s Board of Directors. A Potential Change of Control means the entering into an agreement by the Company, consummation of which would result in a Change of Control.
Acceleration of Vesting. Upon a Change of Control, you will automatically receive twelve (12) months of accelerated vesting of all outstanding stock options then held by you at the time of a Change of Control; provided that your service shall not have terminated for any reason (including without limitation, for death or disability) prior to any such Change of Control. If your service with the Company terminates for any reason (including without limitation, for death or disability) prior to the Change of Control date, you shall not be entitled to receive accelerated vesting of stock options. If your service with the Company or the Company’s successor upon a Change of Control is terminated by the Company or the Company’s successor for reasons other than “Good Reason” (as hereinafter defined) within the initial twelve (12) month period following the Change of Control date, you will automatically receive accelerated vesting on one hundred percent (100%) of all outstanding stock options then held by you at the time of your termination.