Common use of Acceleration Upon Change of Control Clause in Contracts

Acceleration Upon Change of Control. The Executive shall enjoy full acceleration of the Option hereunder if terminated by the acquirer upon a Change of Control event (as described in the Company’s Voting Stock Option Plan). However, an IPO or a dilution of all the shareholders of OSI through a public offering does not constitute a Change of Control event for the purposes of this provision.

Appears in 4 contracts

Samples: Employment Agreement (OxySure Systems Inc), Employment Agreement (OxySure Systems Inc), Employment Agreement (OxySure Systems Inc)

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Acceleration Upon Change of Control. The Executive shall enjoy full acceleration of the Option hereunder if terminated by the acquirer upon a Change of Control event (as described in the Company’s 's Voting Stock Option Plan). However, an IPO or a dilution of all the shareholders of OSI through a public offering does not constitute a Change of Control event for the purposes of this provision.

Appears in 2 contracts

Samples: Employment Agreement (OxySure Systems Inc), Employment Agreement (OxySure Systems Inc)

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Acceleration Upon Change of Control. The Executive shall enjoy full acceleration of the Option hereunder if terminated by the acquirer upon a Change of Control event (as described in the Company’s 's Voting Stock Option Plan). However, an IPO or a dilution of all the shareholders of OSI through a public offering does not constitute a Change of Control event for the purposes of this provision.

Appears in 2 contracts

Samples: Employment Agreement (OxySure Systems Inc), Employment Agreement (OxySure Systems Inc)

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