Additional Option Grants. Executive has received and may be eligible for receive additional option or equity grants (“Additional Option Grants”) from time to time as shall be determined by the Compensation Committee of the Board (the “Compensation Committee”) in its sole discretion, and subject to such vesting, exercisability, and other provisions as the Compensation Committee may determine in its discretion. All such Additional Option Grants shall be governed in all respects by the terms of the applicable stock option or equity award agreement, grant notice and plan document (“Additional Option Documents”), except that Executive expressly acknowledges that with respect to the Additional Option Grant made prior to the date of this Agreement in 2016, the potential vesting acceleration benefit described in Section 5.3 herein shall replace and supersede the “Double-Trigger Vesting Acceleration Provision” in such Additional Option Documents.
Appears in 2 contracts
Sources: Employment Agreement (AveXis, Inc.), Employment Agreement (AveXis, Inc.)
Additional Option Grants. Executive has received and may be eligible for to receive additional option or equity grants (“Additional Option Grants”) from time to time as shall be determined by the Compensation Committee of the Board (the “Compensation Committee”) in its sole discretion, and subject to such vesting, exercisability, and other provisions as the Compensation Committee may determine in its discretion. All such Additional Option Grants shall be governed in all respects by the terms of the applicable stock option or equity award agreement, grant notice and plan document (“Additional Option Documents”), except that Executive expressly acknowledges that with respect to the Additional Option Grant made prior to the date of this Agreement in 2016, the potential vesting acceleration benefit described in Section 5.3 herein shall replace and supersede the “Double-Trigger Vesting Acceleration Provision” in such Additional Option Documents.
Appears in 1 contract
Sources: Employment Agreement (AveXis, Inc.)