Document ID: 15212

Text:
(d) Acceleration of Unvested Equity Awards. Subject to Section 6(g) below, if Employees employment is terminated during the Employment Period (i) by the Company without Cause pursuant to Section 5(b), (ii) by Employee for Good Reason pursuant to Section 5(c) or (iii) due to Employees death or Disability pursuant to Section 5(d), (x) all outstanding unvested time-based equity awards under the Inducement Plan or Equity Incentive Plan, in each case, granted to Employee prior to the Termination Date shall immediately become vested as of the Termination Date as to a portion of each award that would have otherwise vested on or before the first anniversary of the Termination Date if Employee remained continuously employed by the Company (with any outstanding stock options remaining exercisable, without regard to such termination of employment, for 60 days following the Termination Date) and (y) all outstanding unvested performance-based equity awards, including awards intended to qualify for the performance-based compensation exemption from Section 162(m) of the Internal Revenue Code of 1986 , as amended (the Code), under the Inducement Plan or Equity Incentive Plan, in each case, granted to Employee prior to the Termination Date shall immediately become vested as of the Termination Date as to a pro rata (based on the portion of the performance period elapsed through the Termination Date) portion of each award, subject to the satisfaction of the performance conditions set forth in the applicable award and based on the actual level of achievement through the Termination Date.

Named Entities:
131
132
TerminationDate
192
196
Regulation
199
203
Act
245
246
Ratio

Tokenized Text:
(
d
)
Acceleration
of
Unvested
Equity
Awards
.
Subject
to
Section
6
(
g
)
below
,
if
Employees
employment
is
terminated
during
the
Employment
Period
(
i
)
by
the
Company
without
Cause
pursuant
to
Section
5
(
b
)
,
(
ii
)
by
Employee
for
Good
Reason
pursuant
to
Section
5
(
c
)
or
(
iii
)
due
to
Employees
death
or
Disability
pursuant
to
Section
5
(
d
)
,
(
x
)
all
outstanding
unvested
time-based
equity
awards
under
the
Inducement
Plan
or
Equity
Incentive
Plan
,
in
each
case
,
granted
to
Employee
prior
to
the
Termination
Date
shall
immediately
become
vested
as
of
the
Termination
Date
as
to
a
portion
of
each
award
that
would
have
otherwise
vested
on
or
before
the
first
anniversary
of
the
Termination
Date
if
Employee
remained
continuously
employed
by
the
Company
(
with
any
outstanding
stock
options
remaining
exercisable
,
without
regard
to
such
termination
of
employment
,
for
60
days
following
the
Termination
Date
)
and
(
y
)
all
outstanding
unvested
performance-based
equity
awards
,
including
awards
intended
to
qualify
for
the
performance-based
compensation
exemption
from
Section
162
(
m
)
of
the
Internal
Revenue
Code
of
1986
,
as
amended
(
the
Code
)
,
under
the
Inducement
Plan
or
Equity
Incentive
Plan
,
in
each
case
,
granted
to
Employee
prior
to
the
Termination
Date
shall
immediately
become
vested
as
of
the
Termination
Date
as
to
a
pro
rata
(
based
on
the
portion
of
the
performance
period
elapsed
through
the
Termination
Date
)
portion
of
each
award
,
subject
to
the
satisfaction
of
the
performance
conditions
set
forth
in
the
applicable
award
and
based
on
the
actual
level
of
achievement
through
the
Termination
Date
.