Common use of Equity Acceleration Clause in Contracts

Equity Acceleration. Immediately prior to a Change in Control that occurs during the Employment Period, Executive’s outstanding stock options to purchase shares of Company common stock, restricted stock awards and other Company equity awards shall become fully vested and, as applicable, exercisable, and all forfeiture, repurchase and other restrictions on such equity awards shall lapse.

Appears in 9 contracts

Samples: Employment Agreement (Vizio, Inc.), Employment Agreement (Vizio, Inc.), Employment Agreement (Vizio, Inc.)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.