Common use of Vesting Acceleration Clause in Contracts

Vesting Acceleration. In the event that the Company experiences a Change of Control during the Executive’s service with the Company and the Executive is subject to an Involuntary Termination in connection with or within twelve (12) months following such Change of Control, then the Executive will become vested in an additional number of unvested shares of the Company’s Common Stock, Company options or other Company equity that have been granted to the Executive, as applicable, as if the Executive provided another twelve (12) months of service with the Company following the effective date of the Involuntary Termination. In no event will the Executive become vested in more Company equity than was originally issued or granted to the Executive.

Appears in 8 contracts

Sources: Severance Agreement (Synacor, Inc.), Severance Agreement (Synacor, Inc.), Severance Agreement (Synacor, Inc.)