Common use of Accelerated Vesting of Options Clause in Contracts

Accelerated Vesting of Options. Upon a Change of Control, all unvested options with respect to the Company’s stock held by the Executive shall vest and become immediately exercisable and shall be exercisable for a period ending on the later of (A) the fifth anniversary of the Change of Control Date or (B) the last date that such option would otherwise be exercisable under the terms of the option agreement or the plan pursuant to which such option was granted; provided, that in no event shall any option be exercisable after the expiration of the original term of the option.