Common use of Equity Acceleration Clause in Contracts

Equity Acceleration. In addition to any other rights that Eligible Employees may have with respect to the acceleration of the vesting of any stock options or restricted stock awards (“Awards”) granted to such Eligible Employees pursuant to the Company’s 2002 Stock Incentive Plan, as amended (the “2002 Stock Incentive Plan”), or any successor plan, including without limitation those certain change in control related acceleration rights (upon a termination without cause) approved by the Board on December 11, 2007, and notwithstanding any provision to the contrary contained in the 2002 Stock Incentive Plan, the instrument evidencing any Award or any other agreement between an Eligible Employee and the Company, each such Award shall be immediately exercisable in full and/or free of all restrictions on repurchase, as the case may be, if the Eligible Employee’s employment with the Company or the acquiring or succeeding corporation is terminated as a result of a Qualifying Termination.

Appears in 14 contracts

Samples: Severance and Change in Control Agreement (Aveo Pharmaceuticals Inc), Severance and Change in Control Agreement (Aveo Pharmaceuticals Inc), Severance and Change in Control Agreement (Aveo Pharmaceuticals, Inc.)

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Equity Acceleration. In addition to any other rights that Eligible Employees may have with respect to the acceleration of the vesting of any stock options or restricted stock awards ("Awards") granted to such Eligible Employees pursuant to the Company’s 's 2002 Stock Incentive Plan, as amended (the "2002 Stock Incentive Plan"), or any successor plan, including without limitation those certain change in control related acceleration rights (upon a termination without cause) approved by the Board on December 11, 2007, and notwithstanding any provision to the contrary contained in the 2002 Stock Incentive Plan, the instrument evidencing any Award or any other agreement between an Eligible Employee and the Company, each such Award shall be immediately exercisable in full and/or free of all restrictions on repurchase, as the case may be, if the Eligible Employee’s 's employment with the Company or the acquiring or succeeding corporation is terminated as a result of a Qualifying Termination.

Appears in 1 contract

Samples: Severance and Change in Control Agreement (Aveo Pharmaceuticals, Inc.)

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