Common use of Option Acceleration Clause in Contracts

Option Acceleration. Each Option outstanding at the time of such Involuntary Termination, to the extent not otherwise vested and exercisable for all the shares at the time subject to that Option, will immediately vest and become exercisable for all those option shares and the Executive shall be permitted to exercise the vested Options for the period specified in the applicable stock option agreement, if any, subject to and in accordance with the terms of the applicable stock option agreement and the Plan. In no event shall the Executive be entitled to payments and benefits under both Part Three and Part Four of this Agreement.

Appears in 3 contracts

Samples: Employment Agreement (BMP Sunstone CORP), Employment Agreement (BMP Sunstone CORP), Employment Agreement (BMP Sunstone CORP)

AutoNDA by SimpleDocs

Option Acceleration. Each Option outstanding at the time of such Involuntary Termination, to the extent not otherwise vested and exercisable for all the shares at the time subject to that Option, will immediately vest and become exercisable for all those option shares and the Executive shall be permitted to exercise the vested Options for the period specified in the applicable stock option agreement, if any, subject to and in accordance with the terms of the applicable stock option agreement and the Plan. In no event shall the Executive be entitled to payments and benefits under both Part Three and Part Four of this Agreement.

Appears in 2 contracts

Samples: Employment Agreement (BMP Sunstone CORP), Employment Agreement (BMP Sunstone CORP)

Option Acceleration. Each Option outstanding at the time of such Involuntary Termination, to the extent not otherwise vested and exercisable for all the shares at the time subject to that Option, will immediately vest and become exercisable for all those option shares shares, and the Executive shall be permitted to exercise the vested Options for the period specified in the applicable stock option agreement, if any, subject to and in accordance with the terms of the applicable stock option agreement and the Plan. In no event shall the Executive be entitled to payments and benefits under both Part Three and Part Four of this Agreement.

Appears in 1 contract

Samples: Employment Agreement (BMP Sunstone CORP)

Option Acceleration. Each Option outstanding at the time of such Involuntary Termination, to the extent not otherwise vested and exercisable for all the shares at the time subject to that Option, will immediately vest and become exercisable for all those option shares and may be exercised for any or all of those shares as fully vested shares until the Executive shall be permitted to exercise the vested Options for the period specified termination of that Option in accordance with the applicable stock option agreement, if any, subject to and in accordance with the terms of the applicable stock option agreement and the Plan. In no event shall the Executive be entitled to payments and benefits under both Part Three and Part Four of this Agreement.

Appears in 1 contract

Samples: Employment Agreement (Beijing Med Pharm Corp)

AutoNDA by SimpleDocs

Option Acceleration. Each Option outstanding at the time of such Involuntary Termination, to the extent not otherwise vested and exercisable for all the shares at the time subject to that Option, will immediately vest and become exercisable for all those option shares and may be exercised for any or all of those shares as fully vested shares until the Executive shall be permitted to exercise the vested Options for the period specified termination of that Option in accordance with the applicable stock option agreement, if any, subject to and in accordance with the terms of the applicable stock option agreement and the Plan. In no event shall the Executive be entitled to payments and benefits under both Part Three and Part Four of this her Agreement.

Appears in 1 contract

Samples: Employment Agreement (BMP Sunstone CORP)

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