Accelerated Vesting of Options. Each Option is hereby amended to provide that it shall accelerate so that Employee shall have the right, at all times until the expiration or earlier termination of such Option, to exercise the unexercised portion of the Option, including the portions thereof which would otherwise not be exercisable, from and after any Involuntary Termination (as defined below) within twelve (12) months after a Change in Control (as defined below) that occurs while Employee is an employee of Videonics, any of its subsidiaries or any entity which assumes the rights and duties of Videonics under the Plans.
Appears in 3 contracts
Sources: Key Employee Agreement (Videonics Inc), Key Employee Agreement (Videonics Inc), Key Employee Agreement (Videonics Inc)