Common use of ALTERNATIVE ACCELERATION EVENTS Clause in Contracts

ALTERNATIVE ACCELERATION EVENTS. It is expressly agreed that the acceleration provisions of Section 4(b) of the Agreement and the proviso to Section 5(c) of the Plan (collectively, the "GENERAL ACCELERATION PROVISIONS") shall not apply to any option granted pursuant to this Section 2 except to the extent of the options, if any, accelerated by attainment of the performance objectives established in Sections 2(b)(i) or 2(b)(ii) which have not satisfied the time vesting provisions set forth therein. Specifically, it is agreed that such General Acceleration Provisions shall not be applicable to the five year time vesting period set forth in Section 2(a) (I.E., such five year period shall not be accelerated upon (x) the termination of Executive's employment for any reason, whether with or without cause or with or without notice, or (y) any Sale of the Company other than by operation of Section 2(b)(iv)).