Common use of Acceleration of Vesting Clause in Contracts

Acceleration of Vesting. Notwithstanding the foregoing vesting schedule, all unvested Restricted Shares shall vest effective immediately prior to (i) a Reorganization Event involving the liquidation or dissolution of the Company (as defined in the Plan) or (ii) the death or Disability (as defined below) of the Recipient.

Appears in 7 contracts

Samples: Restricted Stock Agreement (Demandware Inc), Restricted Stock Agreement (Demandware Inc), Stock Option Agreement (Demandware Inc)

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Acceleration of Vesting. Notwithstanding the foregoing vesting schedule, all unvested Restricted Shares shall vest effective immediately prior to (i) a Reorganization Change in Control Event involving the liquidation or dissolution of the Company (as defined in the Plan) or (ii) the death death, Disability (as defined below) or Disability Qualifying Retirement (as defined below) of the Recipient.

Appears in 3 contracts

Samples: Restricted Stock Agreement (Westmoreland Coal Co), Restricted Stock Agreement (Westmoreland Coal Co), Restricted Stock Agreement (Westmoreland Coal Co)

Acceleration of Vesting. Notwithstanding the foregoing vesting schedule, all unvested Restricted Shares shall vest effective (i) immediately prior to (i) a Reorganization Event involving the liquidation or dissolution of the Company (as defined in the Plan) or ), and (ii) immediately upon the Participant’s death if the Participant dies while he or Disability she is an employee or officer of, or consultant or advisor to, the Company or any Subsidiary (as defined below) of the Recipientan “Eligible Participant”).

Appears in 2 contracts

Samples: Nonstatutory Stock Option Agreement (Alnylam Pharmaceuticals, Inc.), Restricted Stock Agreement (Alnylam Pharmaceuticals, Inc.)

Acceleration of Vesting. Notwithstanding the foregoing vesting schedule, all unvested Restricted Shares shall vest effective immediately prior to or upon (i) a Reorganization Event involving the liquidation or dissolution of the Company (as defined Change in the Plan) or Control Event, (ii) the death or Disability (as defined below) of the Recipient, or (iii) upon circumstances described in any employment offer letter or agreement with Recipient, and 50% of all unvested Restricted Shares shall vest effective immediately upon Qualifying Retirement (as defined below) of the Recipient.

Appears in 2 contracts

Samples: Ocean Power Technologies, Inc., Ocean Power Technologies, Inc.

Acceleration of Vesting. Notwithstanding the foregoing vesting schedule, all unvested Restricted Shares shall vest effective (i) immediately prior to (i) a Reorganization Event involving the liquidation or dissolution of the Company (as defined in the Plan) or ), and (ii) immediately upon the Participant’s death if the Participant dies while in employment or Disability (as defined below) of service with the RecipientCompany.

Appears in 2 contracts

Samples: Restricted Stock Agreement (Alnylam Pharmaceuticals, Inc.), Restricted Stock Agreement (Alnylam Pharmaceuticals, Inc.)

Acceleration of Vesting. Notwithstanding the foregoing vesting schedule, all unvested Restricted Shares shall vest effective immediately prior to (i) a Reorganization Change in Control Event involving the liquidation or dissolution of the Company (as defined in the Planbelow) or (ii) the death or Disability upon termination of employment without Cause (as defined below) of the Recipient.

Appears in 1 contract

Samples: Restricted Stock Agreement (Nitromed Inc)

Acceleration of Vesting. Notwithstanding the foregoing vesting schedule, all unvested Restricted Shares shall vest effective immediately prior to upon (i) a Reorganization Event involving the liquidation or dissolution termination by the Company of the Company Recipient’s employment without Cause (as defined below) within the one-year period following a Change in the PlanControl (as defined below) or (ii) the death or Disability (as defined below) of the Recipient.

Appears in 1 contract

Samples: Restricted Stock Agreement (Epizyme, Inc.)

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Acceleration of Vesting. Notwithstanding the foregoing vesting schedule, all unvested Restricted Shares shall vest become vested effective immediately prior to (i) a Reorganization Change in Control Event involving the liquidation or dissolution of the Company (as defined in the Plan) or (ii) the death death, Disability (as defined below) or Disability Qualifying Retirement (as defined below) of the Recipient.

Appears in 1 contract

Samples: Restricted Stock Agreement (Yankee Candle Co Inc)

Acceleration of Vesting. Notwithstanding the foregoing vesting schedule, all unvested Restricted Shares shall vest effective (i) immediately prior to (i) a Reorganization Change in Control Event involving the liquidation or dissolution of the Company (as defined in the Plan) or and/or (ii) upon the death Company’s termination of the Recipient’s employment or Disability (service as defined belowan Advisor pursuant to Section 5(d) or Section 6(d) of the RecipientExecutive Retirement Agreement entered into between you and the Company dated as of December 27, 2007.

Appears in 1 contract

Samples: Executive Retirement Agreement (Sepracor Inc /De/)

Acceleration of Vesting. Notwithstanding the foregoing vesting schedule, all unvested Restricted Shares shall vest become vested effective immediately prior to (i) a Reorganization Change in Control Event involving the liquidation or dissolution of the Company (as defined in the Plan) or (ii) the death or Disability (as defined below) of the Recipient.

Appears in 1 contract

Samples: Restricted Stock Agreement (Yankee Candle Co Inc)

Acceleration of Vesting. Notwithstanding the foregoing vesting schedule, all unvested Restricted Shares shall vest effective immediately prior to (i) a Reorganization Event involving the liquidation or dissolution of the Company (as defined in the Plan) or (ii) the death or Disability (as defined below) of the Recipient).

Appears in 1 contract

Samples: Restricted Stock Agreement (Alnylam Pharmaceuticals, Inc.)

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