Common use of Change in Control Acceleration Clause in Contracts

Change in Control Acceleration. In the event of a Change of Control, the vesting of each of Executive’s then-outstanding equity compensation awards granted under any of the Company’s equity incentive plans will accelerate as to 25% of any then-unvested shares subject to each such award as of immediately prior to the Change in Control subject to Executive’s continued employment through the Change in Control, and subject to Section 5(a).

Appears in 3 contracts

Sources: Retention Agreement (Docusign Inc), Retention Agreement (Docusign Inc), Retention Agreement (Docusign Inc)

Change in Control Acceleration. In the event of a Change of Control, the vesting of each of Executive’s then-outstanding equity compensation awards granted under any of the Company’s equity incentive plans will accelerate as to 25% of any then-unvested shares subject to each such award as of immediately prior to the Change in Control subject to Executive’s continued employment through the Change in Control, Control and subject to Section 5(a).

Appears in 2 contracts

Sources: Retention Agreement, Retention Agreement (Docusign Inc)