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 by a period of one year such that the Stockholder shall be credited with one year of additional service time to the Company as an employee. In the event that the Stockholder is employed by the Company immediately prior to the consummation of an Acquisition and is terminated without “Cause” (as defined below)) or terminates his or her own employment “for Good Reason” (as defined below) following the consummation of the Acquisition, then all installments of this Agreement shall vest in full immediately prior to such termination.

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 by a period of one year such that the Stockholder shall be credited with one year of additional service time to the Company as an employee. In the event that the Stockholder is employed by the Company immediately prior to the consummation of an Acquisition and is terminated without “Cause” "CAUSE" (as defined below)) or terminates his or her own employment “for Good Reason” "FOR GOOD REASON" (as defined below) following the consummation of the Acquisition, then all installments of this Agreement shall vest in full immediately prior to such termination.