Common use of Accelerated Option Vesting Clause in Contracts

Accelerated Option Vesting. Effective upon a Change of Control and notwithstanding any provision to the contrary in any option agreement under which the Executive may acquire the Company's common stock (the "Option Agreements"), the Executive shall vest as to all then unvested non-performance based stock options under the Option Agreements, the greater of: (i) fifty percent (50%) of the unvested non-performance based stock options; or (ii) an additional one year's vesting under the pre-Change of Control time vesting schedule for non-performance based stock options.