Common use of Special Acceleration of Option Clause in Contracts

Special Acceleration of Option. (a) In the event of a Corporate Transaction, the exercisability of this option, to the extent outstanding at such time but not otherwise fully exercisable, shall automatically accelerate so that this option shall, immediately prior to the effective date of the Corporate Transaction, become exercisable for any or all of the Option Shares at the time subject

Appears in 1 contract

Sources: Stock Option Agreement (Clarify Inc)

Special Acceleration of Option. (a) In the event of a Corporate Transaction, the exercisability of this This option, to the extent outstanding at such the time of a Corporate Transaction but not otherwise fully exercisable, shall automatically accelerate so that this option shall, immediately prior to the effective date of the such Corporate Transaction, become exercisable for any or all of the Option Shares at the time subjectsubject to this option and may be exercised for any or all

Appears in 1 contract

Sources: Stock Option Agreement (Digital Lightwave Inc)

Special Acceleration of Option. (a) In the event of a Corporate Transaction, the exercisability of this option, to the extent outstanding at such time but not otherwise fully exercisable, shall automatically accelerate so that this option shall, immediately prior to the effective date of the Corporate Transaction, become exercisable for any or all of the Option Shares at the time subjectsubject to this option as fully-vested shares of Common Stock. No such acceleration of this option,

Appears in 1 contract

Sources: Stock Option Agreement (Onyx Acceptance Corp)