Common use of Acceleration of Options Clause in Contracts

Acceleration of Options. If a Termination Upon a Change in Control occurs, all stock options and restricted stock held by the Employee immediately before the termination will become fully vested and the stock options will be exercisable for the periods specified with respect to termination of employment in the plans covering the options.

Appears in 4 contracts

Sources: Severance Agreement (California Microwave Inc), Severance Agreement (California Microwave Inc), Severance Agreement (California Microwave Inc)

Acceleration of Options. If a Termination Upon a Change in Control occurs, all stock options and restricted stock held by the Employee immediately before the termination will become fully vested and the stock options will be exercisable for the periods specified with respect to termination of employment in the plans covering the options.

Appears in 4 contracts

Sources: Severance Agreement (Adaptive Broadband Corp), Severance Agreement (Adaptive Broadband Corp), Severance Agreement (Adaptive Broadband Corp)

Acceleration of Options. If a Termination Upon a Change in Control occurs, ----------------------- all stock options and restricted stock held by the Employee immediately before the termination will become fully vested and the stock options will be exercisable for the periods specified with respect to termination of employment in the plans covering the options.

Appears in 3 contracts

Sources: Severance Agreement (Adaptive Broadband Corp), Severance Agreement (Adaptive Broadband Corp), Severance Agreement (Adaptive Broadband Corp)