Acceleration of Exercisability of Option. The Committee shall have the power to accelerate exercisability and/or vesting of any Option granted upon a Change in Control or upon the death or Disability or termination of Continuous Service of the Holder. In furtherance of such power, the Committee may accelerate the time at which an Option may be first exercised or the time during which an Option or any part thereof will vest.
Appears in 2 contracts
Sources: Non Qualified Stock Option Agreement (Summer Infant, Inc.), Non Qualified Stock Option Agreement (Summer Infant, Inc.)