Acceleration of Exercisability. If a Change of Control shall occur prior to the termination of the Option pursuant to Section 3.3, all of the shares purchasable upon the exercise of the Option that have not yet vested as of the effective date of the Change of Control shall vest and become immediately exercisable at that time, notwithstanding anything to the contrary set forth in Section 3.1.
Appears in 3 contracts
Sources: Incentive Stock Option Agreement (Inovio Pharmaceuticals, Inc.), Nonqualified Stock Option Agreement (Inovio Pharmaceuticals, Inc.), Nonqualified Stock Option Agreement (Inovio Pharmaceuticals, Inc.)
Acceleration of Exercisability. If a Change of Control shall occur prior to the termination of the Option pursuant to Section 3.3, all of the shares purchasable upon the exercise of the Option that have not yet vested as of the effective date of the Change of Control shall vest in full and become immediately exercisable at that timeupon such Change of Control, notwithstanding anything irrespective of whether the Option, or any portion thereof, had yet become exercisable pursuant to the contrary set forth in Section 3.1.
Appears in 2 contracts
Sources: Nonqualified Stock Option Agreement (Annovis Bio, Inc.), Nonqualified Stock Option Agreement (Annovis Bio, Inc.)