Common use of Equity Compensation Vesting Acceleration Clause in Contracts

Equity Compensation Vesting Acceleration. If ServiceSource or a successor should terminate Employee’s employment without “Cause” (as defined in Section 8(b) below) or Employee should terminate his employment for “Good Reason” (as defined in Section 8(b) below), in either case within 12 months following a “Change of Control” (as defined in Section 8(b) below), then all of Employee’s outstanding equity compensation awards (including, without limitation, all stock options, restricted stock, restricted stock units and any other equity compensation awards) shall immediately have their vesting accelerated 100%, so as to become fully vested.

Appears in 3 contracts

Samples: Employment and Confidential Information Agreement (Servicesource International LLC), Employment and Confidential Information Agreement (Servicesource International LLC), Employment and Confidential Information Agreement (Servicesource International LLC)

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Equity Compensation Vesting Acceleration. If ServiceSource or a successor should terminate Employee’s employment without “Cause” (as defined in Section 8(b) belowAppendix A hereto) or Employee should terminate his employment for “Good Reason” (as defined in Section 8(b) below), in either case within 12 months following a “Change of Control” (as defined in Section 8(b) below), then all of Employee’s outstanding equity compensation awards granted on and after January 31, 2007 (including, without limitation, all stock options, restricted stock, restricted stock units and any other equity compensation awardsawards granted on and after January 1, 2007) shall immediately have their vesting accelerated 100%, so as to become fully vested.

Appears in 1 contract

Samples: Employment Agreement (Servicesource International, Inc.)

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Equity Compensation Vesting Acceleration. If ServiceSource or a successor should terminate Employee’s employment without “Cause” (as defined in Section 8(b6(b) below) or Employee should terminate his employment for “Good Reason” (as defined in Section 8(b6(b) below), in either case within 12 months following a “Change of Control” (as defined in Section 8(b6(b) below), then all of Employee’s outstanding equity compensation awards (including, without limitation, all stock options, restricted stock, restricted stock units and any other equity compensation awards) shall immediately have their vesting accelerated 100%, so as to become fully vested.

Appears in 1 contract

Samples: Employment and Confidential Information Agreement (Servicesource International LLC)

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