Termination of Option and Accelerated Vesting Sample Clauses

The 'Termination of Option and Accelerated Vesting' clause defines what happens to stock options when an employee's service with a company ends, and under what circumstances unvested options may become fully vested ahead of schedule. Typically, this clause outlines scenarios such as resignation, termination, or company acquisition, specifying whether options are forfeited, continue to vest, or immediately vest in full. Its core function is to provide clarity and predictability for both the company and the option holder regarding the treatment of equity awards upon employment changes, thereby managing expectations and reducing disputes.