Acceleration Upon a Change of Control Sample Clauses
Acceleration Upon a Change of Control. Subject to any additional acceleration of exercisability described in Sections 4(b), (c) and (d) below, in connection with a Change of Control (as defined in Section 1 above), the vesting and exercisability of fifty percent (50%) of Executive’s outstanding Stock Awards shall be automatically accelerated. The foregoing provision is hereby deemed to be a part of each such Stock Award and to supersede any less favorable provision in any agreement or plan regarding such Stock Award.
Acceleration Upon a Change of Control. Upon the occurrence of a Change of Control, fifty percent (50%) of all unvested options held pursuant to each option grant by the Company to Employee that is outstanding as of July 18, 2003 (the "Options") shall become vested and exercisable upon a Change of Control. Subject to Section 5 hereof, if Employee continues to be employed by the Company or any successor thereto following the Change of Control until the first anniversary of the Change of Control, then the remaining fifty percent (50%) of the Options shall become vested and exercisable as of that one year anniversary.
Acceleration Upon a Change of Control. In the event of a Change of Control (as defined below), 100% of the total number of Shares that have not been released from the Repurchase Option shall be immediately released from the Repurchase Option, provided that the Purchaser’s continuous status as a Service Provider has not been terminated prior to such time.
Acceleration Upon a Change of Control. Upon the occurrence of a Change of Control, all of Executive’s shares subject to any unvested stock options and all shares of restricted stock, restricted stock units or other awards made under the Plan to Executive shall immediately vest and become exercisable.
Acceleration Upon a Change of Control. In the event of a Change of Control, on the effective date of the transaction, fifty percent (50%) of all unvested options to purchase the Company’s securities held by the Employee (the “Option”) prior to the effective date of the Change of Control transaction shall become fully vested and immediately exercisable and shall remain exercisable as specified in Section (2)(b)(2)(ii) of this Agreement, and repurchase rights of the Company with respect to fifty percent (50%) of the shares of restricted stock held by the Employee purchased by the Employee pursuant to the terms of a Stock Purchase Agreement shall immediately lapse. In addition, unless the vesting schedule in the original grant document or offer letter would provide for faster vesting, on each one month anniversary of the effective date of the Change of Control transaction 1/12 of all remaining unvested options held by the Employee shall become fully vested and immediately exercisable and shall remain exercisable as specified in Section (2)(b)(2)(ii) of this Agreement, and repurchase rights of the Company with respect to 1/12 of all remaining shares of restricted stock held by Employee shall lapse.
Acceleration Upon a Change of Control. Subject to Section 4 below, if a Change of Control occurs, then in addition to any shares which have already vested, upon the consummation of such Change of Control, (i) in the case of options, each stock option to purchase the Company's Common Stock granted to Employee over the course of his or her employment with the Company and held by Employee on the date of termination of employment shall become vested as to fifty percent (50%) of the remainder subject to vesting, and (ii) in the case of shares subject to repurchase by the Company, the repurchase option applicable to all such shares will lapse as to fifty percent (50%) of the shares still subject to the repurchase option.
Acceleration Upon a Change of Control. In the event of a Change of Control of the Company that occurs while the Grantee provides services to the Company, the vesting of the Restricted Stock Units accelerate so that a total of 50% of the Restricted Stock Units awarded by the Agreement shall be vested upon the date the Change of Control is consummated. The remaining unvested Shares shall vest on the same schedule as existed prior to the Change of Control. For example, if a Change of Control occurs when 25% of the Restricted Stock Units are vested, then this award shall have accelerated vesting as to an additional 25% of the Restricted Stock Units awarded by the Agreement and the remaining unvested Restricted Stock Units shall continue to vest in accordance with the same schedule (i.e., the same number of shares shall vest each month, if the remainder is subject to monthly vesting) as existed prior to the Change of Control. If a Change of Control occurs after more than 50% of the Restricted Stock Units awarded by the Agreement have vested, then there will be no acceleration of vesting under this provision.
Acceleration Upon a Change of Control. Upon Employee’s voluntary termination of employment with the Company following a Good Reason Event (as defined in Section 7(d) below), or Employee’s involuntary termination of employment with the Company without Cause (as defined in Section 7(b) below), at any time within the 3-month period prior to, or the 18-month period following, the effective date of a Change of Control (as defined in Section 7(c) below) or the 12-month period following a Buy-Side Event (as defined in Section 7(a) below), Employee shall fully vest in and have the right to exercise the Option as to one hundred percent (100%) of the then unvested shares subject to the Option as of the date of such termination.
Acceleration Upon a Change of Control. Company shall notify Holder within two (2) Business Days of the Company entering into and disclosing publicly a binding legal agreement whereby a Change of Control would result upon closing. Within five (5) Business Days of receipt of such notice from Company, Holder may at their sole discrection notify Company of their intention to exchange all or any part of the unpaid principal and accrued interest of this Debenture for Shares as described in Section 5 above, using the date of the Company's notice as the Calculation Date for the purposes of calculating the VWAP. Should Holder not notify Company of its intention to exchange principal and accrued interest for Shares, or should Holder notify Company that it does not intend to do so, and except as provided for in the immediately following sentence, the entire -unpaid principal amount of and accrued interest on this Debenture shall automatically become due and payable in cash upon the closing of such Change of Control, Notwithstanding the foregoing, in the event that a Change of Control is a licensing agreement or similar arrangement for all or substantially all of the Company's assets or intellectual property following which Company shall continue to operate and pursue the research and development of its technology and products (a "Collaborative License"), and the consideration for such Collaborative License is being provided to the Company to fund such activity in whole or in part (including, without limitation, carrying out clinical trials funded in part by the payments Company receives under a Collaborative License), then only a portion of the unpaid principal and accrued interest of this Debenture shall be accelerated as described in this Section 9 which such portion is equal to ten percent (10%) of the cash actually paid to Company, as and when received by Company, under such Collaborative License, provided that if such payments occur on more than one occasion, then more than one partial acceleration may result but under no circumstances shall the sum of all payments and accelerated amounts exceed the initial principal and accrued interest of this Debenture.