Common use of Accelerated Vesting Due to Acquisition Clause in Contracts

Accelerated Vesting Due to Acquisition. Upon the consummation of an Acquisition (as defined in the Plan), the vesting provisions of this Agreement shall be accelerated such that all Unvested Shares shall immediately become Vested Shares.

Appears in 3 contracts

Sources: Stock Purchase and Restriction Agreement (Omtool LTD), Stock Purchase and Restriction Agreement (Omtool LTD), Stock Purchase and Restriction Agreement (Omtool LTD)