Effect on Option. In the event of a Change in Control, the Option shall (i) vest and become exercisable on the day prior to the date of the Change in Control if the Grantee is then providing Services and (ii) terminate on the date of the Change in Control.
Appears in 6 contracts
Sources: Non Statutory Stock Option Grant Agreement (Savara Inc), Non Statutory Stock Option Grant Agreement (Mast Therapeutics, Inc.), Non Statutory Stock Option Grant Agreement (Mast Therapeutics, Inc.)
Effect on Option. In the event of a Change in Control, the Option shall (i) vest and become exercisable on the day prior to the date of the Change in Control if the Grantee Participant is then providing Services services to the Company or an Affiliate and (ii) terminate on the date of the Change in Control.
Appears in 5 contracts
Sources: Non Qualified Stock Option Award Agreement (Vericel Corp), Non Qualified Stock Option Award Agreement (Vericel Corp), Non Qualified Stock Option Award Agreement (Vericel Corp)
Effect on Option. In the event of a Change in Control, the Option shall (i) vest and become exercisable on the day prior to the date of the Change in Control if the Grantee Participant is then employed by or providing Services services to the Company or an Affiliate and (ii) terminate on the date of the Change in Control.
Appears in 1 contract
Sources: Non Qualified Stock Option Award Agreement (Vericel Corp)