Common use of IN THE EVENT OF A CHANGE IN CONTROL Clause in Contracts

IN THE EVENT OF A CHANGE IN CONTROL. In the event of a Change in Control, all unvested Non-Statutory Stock Options shall immediately become exercisable. If your employment or service is terminated for any reason within 12 months of the Change in Control, you will have until the expiration of the term of your Non-Statutory Stock Option to exercise your Option.

IN THE EVENT OF A CHANGE IN CONTROL. In the event of a Change in Control, all unvested Non-Statutory Incentive Stock Options shall immediately become exercisable. If your employment or service is terminated for any reason within 12 months of the Change in Control, you will have until the expiration of the term of your Non-Statutory Incentive Stock Option to exercise your Option. Incentive Stock Options exercised more than three (3) months following your termination of employment in connection with a Change in Control will be treated as Non-Statutory Stock Options for tax purposes.