Common use of Vesting on Change of Control Clause in Contracts

Vesting on Change of Control. Whether or not ▇▇▇▇▇ terminates this ---------------------------- Contract pursuant to paragraph 5.1.2(b), all stock options and related stock appreciation rights held by ▇▇▇▇▇ shall vest and become exercisable immediately upon a Change of Control, and any plan or company restrictions on shares of stock of VIVRA or on stock units that were awarded to ▇▇▇▇▇ under any plan or arrangement maintained by VIVRA for the benefit of ▇▇▇▇▇ shall lapse upon the occurrence of such an event.

Vesting on Change of Control. Whether or not ▇▇▇▇▇ terminates this ---------------------------- Contract pursuant to paragraph 5.1.2(b), all stock options and related stock appreciation rights held by ▇▇▇▇▇ shall vest and become exercisable immediately upon a Change of Control, and any plan or company restrictions on shares of stock of VIVRA or on stock units that were awarded to ▇▇▇▇▇ under any plan or arrangement maintained by VIVRA for the benefit of ▇▇▇▇▇ shall lapse upon the occurrence of such an event.