Common use of Change in Control Acceleration Clause in Contracts

Change in Control Acceleration. In the event of a of a Change in Control as described in Section 11(A)(iv) herein, the Options, to the extent outstanding at the time of such Change in Control, but not otherwise vested and exercisable for all the shares of Common Stock subject to those Options will, immediately and automatically as of the effective date of such Change in Control, vest and become exercisable for all of the shares of Common Stock at the time subject to the Options and may be exercised for any or all of those shares as fully-vested shares of Common Stock. In the event of a Change of Control other than that described in Section 11(A)(iv) herein, the Options shall be governed by the terms of the Company’s 2000 Stock Incentive Plan.

Appears in 8 contracts

Samples: Employment Agreement (Specialty Laboratories Inc), Employment Agreement (Specialty Laboratories Inc), Employment Agreement (Specialty Laboratories Inc)

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Change in Control Acceleration. In the event of a of a Change in Control as described in Section 11(A)(iv) herein, the Options, to the extent outstanding at the time of such Change in Control, but not otherwise vested and exercisable for all the shares of Common Stock subject to those Options will, immediately and automatically as of the effective date of such Change in Control, vest and become exercisable for all of the shares of Common Stock at the time subject to the Options and may be exercised for any or all of those shares as fully-vested shares of Common Stock. In the event of a Change of Control other than that described in Section 11(A)(iv) herein, the Options shall be governed by the terms of the Company’s 2000 Stock Incentive Plan.in

Appears in 2 contracts

Samples: Employment Agreement (Specialty Laboratories Inc), Employment Agreement (Specialty Laboratories Inc)

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Change in Control Acceleration. In the event of a of a Change in Control as described in Section 11(A)(iv) herein, the Options, to the extent outstanding at the time of such Change in Control, but not otherwise vested and exercisable for all the shares of Common Stock subject to those Options will, immediately and automatically as of the effective date of such Change in Control, vest and become exercisable for all of the shares of Common Stock at the time subject to the Options and may be exercised for any or all of those shares as fully-vested shares of Common Stock. In the event of a Change of Control other than that described in Section 11(A)(iv) herein, the Options shall be governed by the terms of the Company’s 's 2000 Stock Incentive Plan.

Appears in 1 contract

Samples: Employment Agreement (Specialty Laboratories Inc)

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