Acceleration Factor definition
Examples of Acceleration Factor in a sentence
Acceleration Factor shall mean the Acceleration Factor set forth in a Participant’s Participation Notice.
If the Participant’s Separation is a Qualifying CIC Termination, each of the Participant’s then-outstanding equity awards (both time-based and performance-based) shall vest (if not already fully vested) as to a percentage of unvested shares (if any, as of the effective date prescribed by the next following sentence) per equity award equal to the Acceleration Factor.
Severance Period: _____ months if not a Qualifying CIC Termination _____ months for Qualifying CIC Termination COBRA Period: _____ months Acceleration Factor: _____% Please return to the Company a copy of this Participation Notice signed by you and retain a copy of this Participation Notice, along with the Plan document and related materials, for your records.
Each of the Participant’s then-outstanding equity awards shall vest (if not already fully vested) as to a percentage of unvested shares (if any) per equity award equal to the Acceleration Factor, effective as of the later of the Participant’s Qualifying CIC Termination or the date of the Change in Control.
If the Participant’s Separation is a Qualifying CIC Termination, each of the Participant’s then-outstanding equity awards shall vest (if not already fully vested) as to a percentage of unvested shares (if any, as of the effective date prescribed by the next following sentence) per equity award equal to the Acceleration Factor.