Common use of Acceleration of Option Clause in Contracts

Acceleration of Option. The Option granted hereby shall become immediately exercisable upon the occurrence of a Change of Control if Optionee is an employee of the Company or any Subsidiary on the date of the consummation of such Change of Control.

Appears in 7 contracts

Sources: Employment Agreement (Dwyer Group Inc), Employment Agreement (Dwyer Group Inc), Employment Agreement (Dwyer Group Inc)