Common use of Double Trigger Acceleration Clause in Contracts

Double Trigger Acceleration. In the event that the Purchaser’s continuous status as a Service Provider is terminated by the Company without Cause (as defined below) within 6 months after 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.

Appears in 4 contracts

Sources: Restricted Stock Purchase Agreement (Clovis Oncology, Inc.), Restricted Stock Purchase Agreement (Clovis Oncology, Inc.), Restricted Stock Purchase Agreement (Clovis Oncology, Inc.)