Common use of Option Acceleration Clause in Contracts

Option Acceleration. Each Option outstanding at the time of such Involuntary Termination, to the extent not otherwise vested and exercisable for all the shares subject to that Option, will immediately vest and become exercisable for all those option shares and may be exercised for any or all of those shares as fully vested shares.

Appears in 7 contracts

Sources: Employment Agreement (Legato Systems Inc), Employment Agreement (Legato Systems Inc), Employment Agreement (Legato Systems Inc)

Option Acceleration. Each Option outstanding at the time of such Involuntary Termination, to the extent not otherwise vested and exercisable for all the shares at the time subject to that Option, will immediately vest and become exercisable for all those option shares and may be exercised for any or all of those shares as fully vested sharesshares until the termination of that Option in accordance with the applicable stock option agreement.

Appears in 1 contract

Sources: Employment Agreement (BMP Sunstone CORP)

Option Acceleration. Each Option outstanding at the time of such Involuntary Termination, to the extent not otherwise vested and exercisable for all the shares at the time subject to that Option, will immediately vest and become exercisable for all those option shares and may be exercised for any or all of those shares as fully vested shares.shares EXHIBIT 10.1 until the termination of that Option in accordance with the applicable stock option agreement. PART FOUR - CHANGE IN CONTROL SEVERANCE BENEFITS

Appears in 1 contract

Sources: Employment Agreement (Beijing Med Pharm Corp)