Common use of Change in Control Acceleration Clause in Contracts

Change in Control Acceleration. Upon the consummation of a Change in Control of the Company, subject to either (i) Executive’s continued employment with the Company until immediately prior to such Change in Control or (ii) Executive’s termination of employment by the Company without Cause or by Executive for Good Reason within three (3) months prior to such Change in Control, each outstanding equity award held by Executive (including, without limitation, the Option) shall automatically become vested and, if applicable, exercisable and any forfeiture restrictions or rights of repurchase thereon shall lapse, in each case, with respect to one hundred percent (100%) of the then-unvested shares subject to such outstanding award effective as of immediately prior to such Change in Control.

Appears in 2 contracts

Sources: Employment Agreement (Kubient, Inc.), Employment Agreement (Restoration Robotics Inc)

Change in Control Acceleration. Upon the consummation of a Change in Control of the Company, subject to either (i) Executive’s continued employment with the Company until immediately prior to such Change in Control Control; or (ii) Executive’s termination of employment by the Company without Cause or by Executive for Good Reason within three (3) months prior to such Change in Control, each outstanding equity award held by Executive (including, without limitation, the OptionOptions) shall automatically become vested and, if applicable, exercisable and any forfeiture restrictions or rights of repurchase thereon shall lapse, in each case, with respect to one hundred percent (100%) of the then-unvested shares subject to such outstanding award effective as of immediately prior to such Change in Control.

Appears in 2 contracts

Sources: Employment Agreement (Kubient, Inc.), Employment Agreement (Kubient, Inc.)

Change in Control Acceleration. Upon the consummation of a Change in Control of the Company, subject to either (i) Executive’s 's continued employment with the Company until immediately prior to such Change in Control Control; or (ii) Executive’s 's termination of employment by the Company without Cause or by Executive for Good Reason within three (3) months prior to such Change in Control, each outstanding equity award held by Executive (including, without limitation, the OptionOptions) shall automatically become vested and, if applicable, exercisable and any forfeiture restrictions or rights of repurchase thereon shall lapse, in each case, with respect to one hundred percent (100%) of the then-unvested thenunvested shares subject to such outstanding award effective as of immediately prior to such Change in Control.

Appears in 1 contract

Sources: Employment Agreement (Kubient, Inc.)