Common use of Acceleration of Option Clause in Contracts

Acceleration of Option. This Option may be exercised in full (notwithstanding the Exercise Schedule) if the Optionee becomes totally and permanently disabled (as defined in Code section 22(e)(3)) while employed with the Company or an Affiliate.

Appears in 7 contracts

Sources: Incentive Stock Option Agreement (Fsi International Inc), Incentive Stock Option Agreement (Valuevision Media Inc), Incentive Stock Option Agreement (Fsi International Inc)

Acceleration of Option. This Option may be exercised in full (notwithstanding the Exercise Scheduleexercise schedule) if the Optionee becomes totally and permanently disabled (as defined in Code section 22(e)(3)) while employed with the Company or an Affiliate.

Appears in 1 contract

Sources: Employment Agreement (Fsi International Inc)