Common use of Effect of Corporate Transaction Clause in Contracts

Effect of Corporate Transaction. In the event the Company consummates a Corporate Transaction that is not a Private Transaction (as defined below), then an additional 25% of the original number of shares of common stock subject to stock option agreements shall immediately vest and become exercisable upon the date of the consummation of such transaction.

Appears in 7 contracts

Samples: Employment Agreement (Achillion Pharmaceuticals Inc), Employment Agreement (Achillion Pharmaceuticals Inc), Employment Agreement (Achillion Pharmaceuticals Inc)

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Effect of Corporate Transaction. In the event the Company consummates a Corporate Transaction that is not a Private Transaction (as defined below)Transaction, then an additional 25% of the original number of shares of common stock subject to stock option agreements shall immediately vest and become exercisable upon the date of the consummation of such transaction.

Appears in 4 contracts

Samples: Employment Agreement (Achillion Pharmaceuticals Inc), Employment Agreement (Achillion Pharmaceuticals Inc), Employment Agreement (Achillion Pharmaceuticals Inc)

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Effect of Corporate Transaction. In the event the Company consummates a Corporate Transaction that is not a Private Transaction (as defined below), then an additional 25% of the original number of shares of common stock subject to stock option agreements shall immediately vest and become exercisable upon the date of the consummation of such transaction. The provisions of Section 5.4 shall also apply to any such Corporate Transaction.

Appears in 1 contract

Samples: Employment Agreement (Achillion Pharmaceuticals Inc)

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