Common use of Stock Option Cancellation Clause in Contracts

Stock Option Cancellation. In exchange for the consideration specified in Section 1(c) of this Agreement, Employee agrees that his unvested Stock Options which otherwise would have accelerated their vesting (the "Accelerated Options"), will not have their vesting accelerated either by the consummation of the tender offer contemplated by the Merger Agreement (the "Tender Offer") or by the merger contemplated by the Merger Agreement (the "Merger") and shall be cancelled and become without further force and effect upon the date on which they otherwise would have had their vesting accelerate.