Common use of Equity Compensation Acceleration Clause in Contracts

Equity Compensation Acceleration. Upon the Change of Control, subject to Executive entering into a Release of Claims in the form attached hereto as Exhibit A (a “Release”) within thirty (30) days thereafter, Executive shall be entitled to immediate 100% vesting of, and lapsing of 100% of the Company’s repurchase rights and forfeiture rights of, his outstanding stock options, restricted stock units and any other equity compensation as described in section 3(a)(ii) of the Agreement entitled “Options; Restricted Shares, Other Equity Compensation” (the “RSUs”). For the sake of clarity, Executive shall not be required to terminate employment with the Company pursuant to the terms and conditions provided under the Agreement as a condition to receiving the accelerated vesting under Section 2 hereof.