Acceleration of Vesting Upon Change of Control. Upon a Change of Control all Restricted Periods shall terminate and all outstanding shares of Restricted Stock shall be vested in full and all limitations on such Restricted Stock set forth in this Agreement shall automatically lapse.
Acceleration of Vesting Upon Change of Control. Notwithstanding the provisions of Sections 3(a) and 3(b) above, in the event the Company undergoes a "change of control" as defined below, and provided that Optionee is employed by the Company on such date, then all non-vested Optioned Shares shall immediately vest and Optionee shall have the right to exercise this Option for the full amount of Optioned Shares, less any previously exercised shares. For purposes of this Option, a change of control shall mean any of the following events:
Acceleration of Vesting Upon Change of Control. (a) If Executive’s employment is terminated by the Company without Cause or by Executive for Good Reason, and the termination is in Connection with a Change of Control, then, subject to Section 8, (x) all of such Executive’s unvested options granted from and after the date the Merger is consummated will become fully vested and exercisable as of the date of such termination of employment and remain exercisable for the time period otherwise applicable to such options following such termination of employment pursuant to the applicable option plan and option agreement and (y) all provisions regarding forfeiture, restrictions on transfer, and the Company’s or SunPower’s (as applicable) rights of repurchase, in each case otherwise applicable to shares of restricted stock held by such Executive and granted from and after the date the Merger is consummated, shall lapse as of the effective date of such termination of employment.
Acceleration of Vesting Upon Change of Control. Subject to the terms of the Plan, in the event a Change of Control that occurs prior to Employee’s Termination of Service, one hundred percent (100%) of any unvested Shares awarded by this Agreement shall immediately vest.
Acceleration of Vesting Upon Change of Control. Notwithstanding Section 2 hereof, in the event of a Change in Control (as defined below) of the Company while this RSU is in effect, this RSU shall, immediately prior to the consummation of such Change in Control, become fully vested and all shares subject to this RSU shall be delivered to the Participant; provided, however, that the Board, in its sole discretion, may require that the Participant’s rights under this Section 3 shall be conditioned on approval by the stockholders of the Company in accordance with Section 280G(b)5(B) of the Code and regulations thereunder. For purposes of this Agreement, a “Change in Control” means the occurrence of any of the following events:
Acceleration of Vesting Upon Change of Control. (select one) In the event of a Change of Control, the Option shall become fully exercisable and vested to the full extent of the original grant. A Change of Control shall not affect the exercisability or vesting of the Option.
Acceleration of Vesting Upon Change of Control. Notwithstanding anything to the contrary herein, in the event that a Change of Control (as hereinafter defined) has occurred with respect to the Company at least six months after the Award Date, any and all Restricted Shares will become automatically fully vested and the Restrictions shall immediately expire with respect to the Restricted Shares without the requirement of any further act by either the Company or the Participant. For the purposes of this Section 12, the term "Change of Control" shall mean
Acceleration of Vesting Upon Change of Control. Notwithstanding Sections 3(a) and 3(b), in the event of a Change in Control (as defined in the Company’s Amended and Restated Executive Change in Control Plan) of the Company while this Award is in effect, this Award shall, immediately prior to the consummation of such Change in Control, become fully vested and all shares of Common Stock subject to the RSUs shall be issued to the Recipient.]
Acceleration of Vesting Upon Change of Control. Upon the effective date of a Change of Control (as defined below), all of the then unvested Restricted Stock shall become vested and any repurchase right on behalf of the Company shall lapse as to such shares immediately prior to the closing of such Change of Control. “Change of Control” shall have the meaning set forth in the Consulting Agreement.
Acceleration of Vesting Upon Change of Control. Notwithstanding Sections 2 and 5 and except as otherwise provided in the Grantee’s written employment agreement or other written agreement with the Company, if any, in the event the Acquiror does not assume some or all of the Company’s obligations under this Agreement when the Change of Control is consummated and/or substitute substantially equivalent awards for the Acquiror’s securities for some or all of the Rights outstanding under this Agreement when the Change of Control is consummated, then the unvested portion of the Rights shall be immediately vested in full immediately prior to the consummation of the Change of Control. The vesting of Rights that is permissible solely by reason of this Section 6(b) shall be conditioned upon the consummation of the Change of Control. Unless otherwise provided by the Board, any Rights that are neither (i) assumed by or substituted for by the Acquiror in connection with the Change of Control nor (ii) vested in connection with the consummation of the Change of Control shall terminate and cease to be outstanding effective as of the consummation of the Change of Control.
