You are 100% correct. I have gone back and read the entire employment agreement and see that it states:
3.4.3 Notwithstanding any provision of this Section 3.4, the Equity Plan, or any equity award agreement to the contrary, if a Corporate Transaction (as defined below) occurs while Executive is in the Continuous Service of the Company, all outstanding equity awards granted (including, but not limited to, the equity grants referenced in Sections 3.4.1 and 3.4.2) to Executive prior to the date of a (i) Corporate Transaction (ii) termination Without Cause or (iii) termination with Good Reason shall accelerate such that all such awards shall be deemed fully vested and immediately exercisable (to the extent applicable) as of such event.