Common use of Special Acceleration of Option Clause in Contracts

Special Acceleration of Option. (a) This option to the extent outstanding at the time of a Change in Control but not otherwise fully exercisable, shall NOT become exercisable on an accelerated basis if and to the extent: (i) this option is, in connection with the Change in Control, to be assumed by the successor corporation (or parent thereof) or otherwise continued in full force and effect pursuant to the terms of the Change in Control transaction or (ii) this option is to be replaced with a cash incentive program of the successor corporation which preserves the spread existing at

Appears in 1 contract

Sources: Stock Option Agreement (Broadcom Corp)

Special Acceleration of Option. (a) This option to the extent outstanding at the time of a Change in Control but not otherwise fully exercisable, shall NOT not become exercisable on an accelerated basis if and to the extent: (i) this option is, in connection with the Change in Control, to be assumed by the successor corporation (or parent thereof) or otherwise continued in full force and effect pursuant to the terms of the Change in Control transaction or (ii) this option is to be replaced with a cash incentive program of the successor corporation which preserves the spread existing atat the time of the Change in Control on the Option Shares for which this option is not otherwise at that time

Appears in 1 contract

Sources: Stock Option Agreement (Broadcom Corp)