Common use of Acceleration of Vesting Clause in Contracts

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.

Appears in 18 contracts

Samples: Non Qualified Stock Option Award Agreement (BioRestorative Therapies, Inc.), Incentive Stock Option Award Agreement (BioRestorative Therapies, Inc.), Incentive Stock Option Award Agreement (BioRestorative Therapies, Inc.)

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Acceleration of Vesting. Notwithstanding In the event of a Change in Control, 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 trancheshares subject to the Option. 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 shares of Common Stock received.

Appears in 10 contracts

Samples: Incentive Stock Option Agreement (Athena Bitcoin Global), Nonqualified Stock Option Agreement (First Us Bancshares Inc), Incentive Stock Option Agreement (Marizyme Inc)

Acceleration of Vesting. Notwithstanding In the event of a Change in Control, 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 trancheshares subject to the Option. To the extent practicable, such acceleration of vesting and exercisability shall occur in a manner and at a time which allows the Participant Director the ability to participate in the Change in Control with respect to the Shares shares of Common Stock receivedsubject to the Option.

Appears in 4 contracts

Samples: Qualified Stock Option Agreement (Cellceutix CORP), Non Qualified Stock Option Agreement (Intellinetics, Inc.), Non Qualified Stock Option Agreement (Intellinetics, Inc.)

Acceleration of Vesting. Notwithstanding [In the event of a Change of Control, 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 tranchesubject to the Option. 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 of Control with respect to the Shares shares of Common Stock received. OR Unless otherwise determined by the Administrator at the time of a Change of Control, a Change of Control shall have no effect on the Option.]

Appears in 3 contracts

Samples: Form of Incentive Stock Option Award Agreement (RespireRx Pharmaceuticals Inc.), Form of Non Statutory Stock Option Award Agreement (Cortex Pharmaceuticals Inc/De/), Form of Non Statutory Stock Option Award Agreement (Cortex Pharmaceuticals Inc/De/)

Acceleration of Vesting. Notwithstanding In the event of a Change in Control, 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% [XX]% of the Shares in each remaining vesting trancheshares subject to the Option. 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 shares of Common Stock received.

Appears in 2 contracts

Samples: Stock Option Inducement Agreement (Beyond Air, Inc.), Stock Option Inducement Agreement (Beyond Air, Inc.)

Acceleration of Vesting. Notwithstanding In the event of a Change in Control, 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 trancheshares subject to the Option. 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 shares of Common Stock received.]

Appears in 2 contracts

Samples: Incentive Stock Option Agreement (LIGHTBRIDGE Corp), Non Qualified Stock Option Agreement (LIGHTBRIDGE Corp)

Acceleration of Vesting. Notwithstanding In the event of a Change in Control, 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 one hundred percent (100% %) of the Shares in each remaining vesting trancheshares subject to the Option. To the extent practicable, such acceleration of vesting and exercisability shall occur in a manner and at a time which that allows the Participant the ability to participate in the Change in Control with respect to the Shares shares of Common Stock received.

Appears in 2 contracts

Samples: Non Qualified Stock Option Agreement (Terra Tech Corp.), Non Qualified Stock Option Agreement (Terra Tech Corp.)

Acceleration of Vesting. Notwithstanding In the event of a Change in Control, 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 trancheshares subject to the Option. To the extent practicable, such acceleration of vesting and exercisability shall occur in a manner and at a time which allows the Participant Director the ability to participate in the Change in Control with respect to the Shares shares of Common Stock receivedsubject to the Option.]

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (LIGHTBRIDGE Corp)

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

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Finwise Bancorp)

Acceleration of Vesting. Notwithstanding In the event of a Change in Control, notwithstanding any provision of the Plan or this Option 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 trancheOption Shares. To the extent practicable, such acceleration of vesting and exercisability shall occur in a manner and at a time which allows the Participant Optionee the ability to participate in the Change in Control with respect to the Shares of Common Stock receivedOption Shares.

Appears in 1 contract

Samples: Indemnification Agreement (Bakhu Holdings, Corp.)

Acceleration of Vesting. Notwithstanding In the event of a Change in Control, 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 will become immediately vested and exercisable with respect to 100% of the Shares in each remaining vesting trancheshares subject to the Option. To the extent practicable, such acceleration of vesting and exercisability shall will occur in a manner and at a time which that allows the Participant the ability to participate in the Change in Control with respect to the Shares shares of Common Stock received.. Nonqualified Stock Option Agreement for [NAME] Grant Date:

Appears in 1 contract

Samples: Nonqualified Stock Option Agreement (BG Staffing, Inc.)

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Acceleration of Vesting. Notwithstanding In the event of a Change in Control, 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 trancheshares subject to the Option. To the extent practicable, such acceleration of vesting and exercisability shall occur in a manner and at a time which that allows the Participant Optionee the ability to participate in the Change in Control with respect to the Shares shares of Common Stock receivedsubject to the Option.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Vegalab, Inc.)

Acceleration of Vesting. Notwithstanding In the event of a Change in Control, 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 trancheshares subject to the Option. To the extent practicable, such acceleration of vesting and exercisability shall occur in a manner and at a time which allows the Participant Recipient the ability to participate in the Change in Control with respect to the Shares shares of Common Stock receivedsubject to the Option.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Dynaresource Inc)

Acceleration of Vesting. Notwithstanding In the event of a Change in Control, 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 trancheshares subject to the Option. 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 shares of Common Stock receivedsubject to the Option.

Appears in 1 contract

Samples: Stock Option Agreement (Healing Co Inc.)

Acceleration of Vesting. Notwithstanding In the event of a Change in Control, 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 one hundred percent (100% %) of the Shares in each remaining vesting trancheshares subject to the Option. 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 shares of Common Stock received.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (YayYo, Inc.)

Acceleration of Vesting. Notwithstanding In the event of a Change in Control, 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 will become immediately vested and exercisable with respect to 100% of the Shares in each remaining vesting trancheshares subject to the Option. To the extent practicable, such acceleration of vesting and exercisability shall will occur in a manner and at a time which that allows the Participant the ability to participate in the Change in Control with respect to the Shares shares of Common Stock received.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (BG Staffing, Inc.)

Acceleration of Vesting. Notwithstanding In the event of a Change in Control, 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 trancheshares subject to the Option. 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 shares of Common Stock receivedsubject to the Option.]

Appears in 1 contract

Samples: Stock Option Agreement (1847 Goedeker Inc.)

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