Common use of Acceleration of Vesting of Options Clause in Contracts

Acceleration of Vesting of Options. Upon the occurrence of a Change of Control of Company, all stock options granted to Executive shall become fully vested and immediately exercisable at Executive's election, regardless of whether Executive exercises any other rights afforded Executive under this Agreement.

Appears in 2 contracts

Sources: Employment Agreement (Cellular Technical Services Co Inc), Employment Agreement (Cellular Technical Services Co Inc)

Acceleration of Vesting of Options. Upon the -------------------------------------- occurrence of a Change of Control of CompanyCompany during the term of this Agreement, all stock options granted to Executive shall become fully vested and immediately exercisable at Executive's election, regardless of whether Executive exercises any other rights afforded Executive under this Agreement.

Appears in 1 contract

Sources: Employment Agreement (Cellular Technical Services Co Inc)