Common use of Accelerated Vesting of Options Clause in Contracts

Accelerated Vesting of Options. In the event of a Change in Control, all of the options granted but not otherwise vested shall automatically vest so that the options shall, immediately prior to the effective date of the Change in Control, become fully exercisable for all of the options as fully vested shares of Common Stock and may be fully exercised for any or all of those vested shares. However, the options shall not vest on such an accelerated basis if and to the extent the options are, in connection with the Change in Control, assumed by the successor corporation (or parent thereof), replaced with a comparable option to purchase shares of the capital stock of the successor corporation (or parent thereof) or otherwise continued in full force and effect pursuant to the Change in Control transaction. The determination of option comparability shall be made by the Plan Administrator, and such determination shall be final, binding, and conclusive.