Common use of Acceleration upon a Public Offering Clause in Contracts

Acceleration upon a Public Offering. Upon the consummation of the Corporation's initial Public Offering, and so long as Executive is employed by the Corporation or any of its Subsidiaries on the closing date of such offering (or, if Executive's employment was terminated by the Corporation without Cause or by the Executive for Good Reason, so long as Executive has not committed a Vesting Termination Breach prior to such closing date), there will vest the amount of Unvested Securities which were scheduled to vest within the 365 days following such closing date (and the remaining Unvested Securities subject to vesting pursuant to Section 2(a), if any, shall continue to vest 20% on each anniversary of the date hereof in accordance with clause (a) above, such that the vesting schedule set forth in Section 2(a) above shall have been effectively accelerated by one year).