ACCELERATION OF VESTING OF CERTAIN STOCK OPTIONS Sample Clauses

ACCELERATION OF VESTING OF CERTAIN STOCK OPTIONS. Notwithstanding anything to the contrary contained in this Agreement, in any stock-based compensation plan maintained by the Company under which stock options have been granted to the Executive, or in any stock option agreement entered into between the Company and the Executive pursuant to such plan or otherwise, any stock options held by the Executive that have not expired as of the Date of Termination that are scheduled to vest in accordance with their respective terms within the twelve-month period following the Date of Termination shall be deemed to have vested immediately prior to the Date of Termination. Any such option, and each option that vested prior to the Date of Termination but remain unexercised on the Date of Termination, shall remain exercisable in accordance with the terms of the stock-based compensation plan and/or the stock option agreement under which such stock option was initially awarded to the Executive.
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ACCELERATION OF VESTING OF CERTAIN STOCK OPTIONS. Notwithstanding anything to the contrary contained in this Agreement, in any stock-based compensation plan maintained by Xxxxxxxx under which stock options have been granted to Employee, or in any stock option agreement entered into between Xxxxxxxx and Employee pursuant to such plan, any stock options held by Employee that have not expired as of the date of Employee's termination of employment with Xxxxxxxx which are scheduled to vest in accordance with their respective terms within the twelve-month period following such termination date shall be deemed to have vested immediately prior to such termination of Employee's employment with Xxxxxxxx for the reasons stated above in this Section 4.1. Any such options, and each option that had become vested prior to Employee's termination but remain unexercised as of the termination date, shall remain unexercised as of the termination date and shall remain exercisable in accordance with the terms of the stock-based compensation plan and/or the stock option agreement under which such stock option was initially awarded to Employee. In the case of a termination of Employee's employment with Xxxxxxxx not in connection with a Triggering Transaction for any reason other than as stated in this Section 4.1 above, Employee shall be entitled only to accrued salary and other payments owed to Employee under Angelica's other benefit plans and policies.
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Related to ACCELERATION OF VESTING OF CERTAIN STOCK OPTIONS

  • Acceleration of Vesting Notwithstanding any provision of the Plan or this Agreement to the contrary, in the event of a Change in Control prior to the date that the Option is fully vested and exercisable, the Option shall become immediately vested and exercisable with respect to 100% of the Shares in each remaining vesting tranche. 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 Options One hundred (100%) percent of the Executive’s outstanding, unvested options, restricted stock and/or equity awards (“Equity Awards”) shall, immediately prior to the consummation of the Change in Control, become fully and immediately vested to the extent not already so provided under the terms of such Equity Awards; provided, however, that if the acquirer in a Change in Control grants Equity Awards having (in the reasonable opinion of the Board) a value at least equal to the value of Executive’s then-unvested Company Equity Awards, then 50% of the Executive’s outstanding, unvested Company Equity Awards shall become fully and immediately vested immediately prior to the consummation of the Change in Control (and the remaining 50% shall terminate upon the consummation of the Change in Control). Notwithstanding any provisions of the stock option plan or stock option agreement pursuant to which any stock options subject to the preceding sentence were granted, the Executive shall be entitled to exercise such Equity Awards until three years from the date of termination of employment or the expiration of the stated period of the Equity Award, whichever period is the shorter.

  • Vesting of Stock Options All unvested stock options held by Executive, if any, shall vest immediately upon a Change of Control Termination as defined in Section 6.1.2. Executive may exercise such options in accordance with the terms and conditions of the stock option plan and the agreement pursuant to which such options were granted.

  • Acceleration of Exercisability Notwithstanding the schedule provided in subsection 3.2, the Option will become fully exercisable (unless Participant chooses to decline accelerated Vesting of all or any portion of the Option) upon the occurrence of either:

  • Termination of Certain Rights The Company's obligations under ----------------------------- Section 3.1 will terminate upon the earliest of (i) the closing of the Company's initial public offering of Common Stock pursuant to a registration statement filed with and declared effective by the SEC under the Securities Act, or (ii) the acquisition (by merger, consolidation or otherwise) of the Company where the surviving entity is subject to the reporting requirements of the Exchange Act.

  • Special Acceleration of Option (a) This option, to the extent outstanding at the time of a Corporate Transaction but not otherwise fully exercisable, shall automatically accelerate so that this option shall, immediately prior to the effective date of such Corporate Transaction, become exercisable for all of the Option Shares at the time subject to this option and may be exercised for any or all of those Option Shares as fully vested shares of Common Stock. No such acceleration of this option shall occur, however, if and to the extent: (i) this option is, in connection with the Corporate Transaction, to be assumed by the successor corporation (or parent thereof) or (ii) this option is to be replaced with a cash incentive program of the successor corporation which preserves the spread existing at the time of the Corporate Transaction on the Option Shares for which this option is not otherwise at that time exercisable (the excess of the Fair Market Value of those Option Shares over the aggregate Exercise Price payable for such shares) and provides for subsequent payout in accordance with the same option exercise/vesting schedule set forth in the Grant Notice.

  • Limitation on the Exercise of Certain Rights Related to Affiliate Insolvency Proceedings (a) Notwithstanding anything to the contrary in this Agreement or any other agreement, but subject to the requirements of Section 19, no party to this Agreement shall be permitted to exercise any Default Right against a Covered Party with respect to this Agreement that is related, directly or indirectly, to a BHC Affiliate of such party becoming subject to a receivership, insolvency, liquidation, resolution, or similar proceeding (each an “Insolvency Proceeding”), except to the extent the exercise of such Default Right would be permitted under the creditor protection provisions of 12 C.F.R. § 252.84, 12 C.F.R. § 47.5, or 12 C.F.R. § 382.4, as applicable.

  • Cancellation of Certain Shares Each share of Company Common Stock held by Parent, Merger Sub, any wholly-owned subsidiary of Parent or Merger Sub, in the treasury of the Company or by any wholly-owned subsidiary of the Company immediately prior to the Effective Time shall be canceled and extinguished without any conversion thereof and no payment shall be made with respect thereto.

  • Grant of Stock Options This non-qualified Stock Option is granted under and pursuant to the Plan and is subject to each and all of the provisions thereof.

  • Exercise of Stock Options If stock options granted in connection with a Stock Incentive Plan are exercised:

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