Stock Option Vesting Acceleration Sample Clauses

Stock Option Vesting Acceleration. The Common Stock Option (or restricted stock subject thereto) and the Preferred Stock Option shall have their vesting accelerated so as to be vested as to 35% of the Common Shares and Preferred Shares originally subject thereto (i.e., assuming no stock splits or similar changes in equity structure of the Company effected without the receipt of consideration, the Common Stock Option will then be vested as to 420,000 shares, the Preferred Stock Option will be vested as to 70,000 shares and the remaining 65% of the shares originally subject to each option shall be unvested and shall revert to the Company).
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Stock Option Vesting Acceleration. The Company Board will have adopted a resolution stating that the transactions contemplated by this Agreement do not constitute a change of control (or any comparable event) for purposes of any Company Options that provide for an acceleration of vesting upon a change of control (or any comparable event).
Sample 1
Stock Option Vesting Acceleration. One-half (1/2) of the Shares covered by this Option which are then unvested shall become fully vested and exercisable immediately upon the occurrence of a Covered Termination. By way of example and solely for illustrative purposes, if at the time of a Covered Termination Optionee holds stock options covering the purchase of 100,000 shares of Company stock which are exercisable as to 50,000 shares and not exercisable as to 50,000 shares, the stock options shall be exercisable as to an additional 25,000 shares due to the Covered Termination. Except as set forth herein, the terms of the Grant shall remain in full force and effect and subject to the terms of the Plan. The Company recommends that Optionee obtain the advice of his tax advisor prior to entering into this Grant. CYBERSOURCE CORPORATION, a Delaware corporation By: /s/ Xxxxxx X. Xxxxxxxxx Name: Xxxxxx X. Xxxxxxxxx Title: VP of Finance & CFO
Sample 1
Stock Option Vesting Acceleration. The vesting of all then outstanding and unvested stock options or other unvested equity awards granted by the Company to Employee prior to the consummation of such Change of Control shall accelerate to afford Employee six (6) months of additional vesting for each year (or fraction thereof) that Employee has been continuously employed by the Company as of the Trigger Date; provided however, that notwithstanding the foregoing, the additional vesting that Employee may obtain under this Section 4(b)(ii) shall not exceed a maximum total of thirty-six (36) months of additional vesting. Subject to the provisions of Section 6, cash severance benefits payable pursuant to this Section 4(a) shall be payable within sixty (60) days of the termination of Employee under the conditions specified above in this Section 4(a) provided Employee has executed the Release, and the Release is effective (and not subject to revocation by Employee in whole or in part) following the execution and effective date of the Release. All references to the “Change of Control” in this Section 4(a) and in Section 4(b) shall refer only to the first Change of Control occurring after the Effective Date of this Agreement and the benefits provided for in this Section 4(a) shall be payable only once.
Sample 1
Stock Option Vesting Acceleration. The Common Stock Option --------------------------------- and Subsequent Options (or restricted stock subject thereto) shall have its vesting accelerated so as to be vested as to 35% of the Common Shares originally subject thereto.
Sample 1
Stock Option Vesting Acceleration. In exchange for the promises and covenants set forth herein, the Company agrees that the vesting applicable to each outstanding option to purchase shares of the Company’s common stock issued pursuant to the Company’s 2000 Amended and Restated Equity Incentive Plan (the “Plan”) and held by you as of the Separation Date (the “Options”) shall be immediately accelerated in full as of the Separation Date and that the Options shall thereupon become exercisable in full in accordance with their terms without regard to any vesting restrictions referred to therein.
Sample 1
Stock Option Vesting Acceleration. Upon the occurrence of (i) a Change in Control, or (ii) a Change in Control Termination, whichever occurs sooner, Executive’s outstanding and unvested stock options granted under the Stock Option Agreement, together with any other stock options, restricted stock units, or other unvested equity in the Company granted to Executive at any time prior to the Change in Control, shall immediately accelerate in full so that (notwithstanding any provision to the contrary in the Stock Option Agreement or any vesting schedule or agreement previously provided to Executive) all outstanding and unvested stock options granted under the Stock Option Agreement, and any other restricted stock options, restricted stock units, or other unvested equity granted to Executive, shall become vested (“CiC Vesting Acceleration”). CiC Vesting Acceleration resulting from a Change in Control Termination shall be in addition to the Salary Continuation and COBRA Reimbursement contemplated at Section 9(a) above.
Sample 1
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Related to Stock Option Vesting Acceleration

  • Vesting Acceleration Effective on such termination, the Executive shall receive accelerated vesting equivalent to six (6) months of service beyond the date of Executive’s termination with respect to the shares subject to any grant of restricted stock or stock options (each, an “Equity Grant”) granted to the Executive, regardless of whether granted prior to, coincident with, or after, the Effective Date; provided, however, that in the event such termination occurs within one (1) year following a Change of Control, then one hundred percent (100%) of the remaining shares subject to each such Equity Grant shall become vested in full and the period during which the Executive is permitted to exercise (if applicable) any such Equity Grant shall be extended until the earlier of (i) ten (10) years from the date of grant, or (ii) the expiration date of such Equity Grant (as of the date of grant).

  • Option Vesting Options shall vest as follows:

  • Accelerated Vesting of Equity Awards One hundred percent (100%) of Executive’s then-outstanding and unvested Equity Awards will become vested in full. If, however, an outstanding Equity Award is to vest and/or the amount of the award to vest is to be determined based on the achievement of performance criteria, then the Equity Award will vest as to one hundred percent (100%) of the amount of the Equity Award assuming the performance criteria had been achieved at target levels for the relevant performance period(s).

  • Accelerated Vesting Notwithstanding the terms of any Award Agreement heretofore or hereafter granted to the Executive, in the event of a Change of Control, all Options and Restricted Stock granted to the Executive which do not constitute deferred compensation for Code Section 409A purposes shall become fully vested on the date of the Change of Control. The Executive shall have the right to exercise any such Options in a manner provided for in the applicable Award Agreement. In the event of any conflict between the terms of this Section 9(a) and the terms of any Award Agreement granted to the Executive, the terms of this Section 9(a) shall control and govern.

  • Option Acceleration One hundred percent (100%) of the shares subject to all outstanding options granted to the Employee by the Company (the “Options”) prior to the date of such termination shall immediately become vested and exercisable in full upon such termination. Following such acceleration, the Options shall continue to be subject to the terms and conditions of the Company’s stock option plans and the applicable option agreements between the Employee and the Company.

  • Committee Discretion to Accelerate Vesting Notwithstanding the foregoing, the Committee may, in its sole discretion, provide for accelerated vesting of the Option at any time and for any reason.

  • Special Acceleration of Option (a) This option, to the extent outstanding at the time of a Corporate Transaction but not otherwise fully exercisable, shall automatically accelerate so that this option shall, immediately prior to the effective date of such Corporate Transaction, become exercisable for all of the Option Shares at the time subject to this option and may be exercised for any or all of those Option Shares as fully vested shares of Common Stock. No such acceleration of this option shall occur, however, if and to the extent: (i) this option is, in connection with the Corporate Transaction, to be assumed by the successor corporation (or parent thereof) or (ii) this option is to be replaced with a cash incentive program of the successor corporation which preserves the spread existing at the time of the Corporate Transaction on the Option Shares for which this option is not otherwise at that time exercisable (the excess of the Fair Market Value of those Option Shares over the aggregate Exercise Price payable for such shares) and provides for subsequent payout in accordance with the same option exercise/vesting schedule set forth in the Grant Notice.

  • Equity Vesting All of the then-unvested shares subject to each of the Executive’s then-outstanding equity awards will immediately vest and, in the case of options and stock appreciation rights, will become exercisable (for avoidance of doubt, no more than 100% of the shares subject to the then-outstanding portion of an equity award may vest and become exercisable under this provision). In the case of equity awards with performance-based vesting, all performance goals and other vesting criteria will be deemed achieved at the greater of actual performance or 100% of target levels. Unless otherwise required under the next following two sentences or, with respect to awards subject to Section 409A of the Code, under Section 5(b) below, any restricted stock units, performance shares, performance units, and/or similar full value awards that vest under this paragraph will be settled on the 61st day following the CIC Qualified Termination. For the avoidance of doubt, if the Executive’s Qualified Termination occurs prior to a Change in Control, then any unvested portion of the Executive’s then-outstanding equity awards will remain outstanding for 3 months or the occurrence of a Change in Control (whichever is earlier) so that any additional benefits due on a CIC Qualified Termination can be provided if a Change in Control occurs within 3 months following the Qualified Termination (provided that in no event will the Executive’s stock options or similar equity awards remain outstanding beyond the equity award’s maximum term to expiration). In such case, if no Change in Control occurs within 3 months following a Qualified Termination, any unvested portion of the Executive’s equity awards automatically will be forfeited permanently on the 3-month anniversary of the Qualified Termination without having vested.

  • Stock Vesting Unless otherwise approved by the Board of Directors, all stock options and other stock equivalents issued after the date of this Agreement to employees, directors, consultants and other service providers shall be subject to vesting as follows: (a) twenty-five percent (25%) of such stock shall vest at the end of the first year following the earlier of the date of issuance or such person's services commencement date with the company, and (b) seventy-five percent (75%) of such stock shall vest over the remaining three (3) years. With respect to any shares of stock purchased by any such person, the Company's repurchase option shall provide that upon such person's termination of employment or service with the Company, with or without cause, the Company or its assignee (to the extent permissible under applicable securities laws and other laws) shall have the option to purchase at cost any unvested shares of stock held by such person.

  • Acceleration of Vesting Notwithstanding any provision of the Plan or this Agreement to the contrary, in the event of a Change in Control prior to the date that the Option is fully vested and exercisable, the Option shall become immediately vested and exercisable with respect to 100% of the Shares in each remaining vesting tranche. To the extent practicable, such acceleration of vesting and exercisability shall occur in a manner and at a time which allows the Participant the ability to participate in the Change in Control with respect to the Shares of Common Stock received.

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