Stock Option Acceleration. Executive's stock options under the Company's 1993 Equity Incentive Plan which are outstanding as of the date of the Triggering Event (the "Stock Options") shall become fully vested and exercisable upon the occurrence of a Triggering Event or upon the termination of Executive's employment during the Term which does not otherwise constitute a Triggering Event, notwithstanding the then existing provisions of the relevant Stock Option agreements, which provisions are expressly modified by this Agreement. The period of time during which the Stock Options shall remain exercisable, and all other terms and conditions of the Stock Options, shall be as specified in the relevant Stock Option agreements.
Stock Option Acceleration. Notwithstanding anything in this Agreement or in any option agreement to the contrary, upon a Change of Control, any stock options granted to you under any of the Company's stock option plans shall become immediately vested and exercisable.
Stock Option Acceleration. Any and all agreements heretofore entered into between the Executive and the Company in evidence of options exercisable with respect to shares of Common Stock granted pursuant to the Plan shall be appropriately amended so that the options granted thereunder shall become immediately exercisable upon termination of the Executive's employment (x) by the Company, other than for Cause or Disability, or (y) by the Executive for Good Reason, in each case under clauses (x) or (y), within the twelve-month period immediately following the occurrence of a Change of Control; provided, however, that exercisability subsequent to a Change of Control shall continue to be governed by and subject to any performance criteria (other than solely the passage of time) set forth therein. The Executive and the Company further agree that any subsequent grant of stock options by the Company under the Plan (which shall be subject to action by the Board, in its sole discretion) shall become immediately exercisable upon termination of the Executive's employment (x) by the Company, other than for Cause or Disability, or (y) by the Executive for Good Reason, in each case under clauses (x) or (y), within the twelve-month period immediately following the occurrence of a Change of Control, and that any and all agreements in evidence thereof shall appropriately reflect such arrangements; provided, however, that exercisability subsequent to a Change of Control may continue to be governed by and subject to any performance criteria (other than solely the passage of time) set forth therein.
Stock Option Acceleration. Notwithstanding anything to the contrary in any stock option agreement, all then-unvested Company stock options held by Executive shall immediately and fully vest if (a) an Early Separation Trigger occurs (provided, that Executive may not exercise any such erstwhile-unvested options until the Acquisition is consummated and thereby proves that the separation really was an Early Separation Trigger), or (b) an Acquisition of the Company occurs and Executive is at that time still in the service of the Company.
Stock Option Acceleration. Notwithstanding anything in this Agreement or in any option agreement to the contrary, upon a Change of Control, any stock options granted to you after the date hereof (previous options being governed by Executive's prior agreements) shall accelerate and become vested without further action and, to the extent permitted under the plan's governing documents, Executive shall have a period of one year from the date of termination to exercise such options.
Stock Option Acceleration. If a Change in Control occurs, regardless of whether the acquiring entity or Successor assumes or replaces the stock options or stock awards granted under any Benefit Plan and then held by the Executive and regardless of whether the Executive continues to be employed by the Company after the Change in Control, then all such stock options or stock awards which are unvested or restricted shall vest and be immediately exercisable in full, or become unrestricted, as the case may be, as of the date of the Change in Control and, notwithstanding the provisions of any Benefit Plan, shall, in the case of options, remain exercisable until two years after the date of the Change in Control or the date of the Executive’s Termination of Employment with the Company, whichever is later, but in no event after the expiration date of any stock option.
Stock Option Acceleration. Effective as of immediately prior to the Separation Date, the Board of Directors of the Company (“Board”) has approved and the Company agrees to accelerate the vesting such that all shares subject to the Option Awards shall be vested
Stock Option Acceleration. Notwithstanding anything in this Agreement or in any option agreement to the contrary, upon a Change of Control, any stock options and restricted stock granted to you shall accelerate and become vested without further action and, to the extent permitted under the plan’s governing documents, Executive shall have a period of one year from the date of termination to exercise such options. In addition, all restrictions on awards granted shall lapse.
Stock Option Acceleration. If the Change in Control Date occurs during the Term, then, effective upon the Change in Control Date, each outstanding option to purchase shares of Common Stock of the Company held by the Employee shall become immediately exercisable in full and will no longer be subject to a right of repurchase by the Company.
Stock Option Acceleration. Executive understands and acknowledges that his status as a Service Provider (as defined in the Stock Agreements) ceased as of the Termination Date and, other than as provided in this paragraph, Executive’s options shall cease vesting and will remain exercisable, to the extent vested, for the period prescribed in Paragraph 1(c) below. In accordance with the Offer Letter and the Stock Agreements, Executive shall vest, as of the Effective Date of this Agreement, in the number of options Executive would have vested in had Executive remained employed through March 31, 2011. Following such acceleration, and as of the Effective Date of this Agreement, Executive will have vested in:
