A Change in Control. In the event of the Participant’s Termination of Service as a Director following a Change in Control, all Options held by the Participant, whether or not exercisable at such time, will become fully exercisable, subject to the expiration provisions otherwise applicable to the Option. A “Change in Control” will be deemed to have occurred as provided in Section 4.2 of the Plan.
A Change in Control. 1. If the Repurchase Right is assigned to the successor corporation (or parent thereof) or otherwise continued in full force and effect pursuant to the terms of the Change in Control transaction and Optionee’s Service is Involuntarily Terminated within twelve months following such Change in Control, then the Repurchase Right shall terminate automatically, and all the Purchased Shares shall immediately vest with respect to the lesser of (a) 25% of total number of Purchased Shares or (b) the number of Unvested Shares at the time Optionee’s Service is Involuntary Terminated. Unvested Shares that have been held in an escrow account maintained on Optionee’s behalf pursuant to Paragraph D.6 of the Purchase Agreement and that become vested on an accelerated basis in accordance with this Addendum shall be released from such escrow at the time of such Involuntary Termination.
A Change in Control. 1. If the Option is assumed by the successor corporation (or the parent thereof) or is otherwise continued in effect pursuant to the terms of the Change in Control transaction and Optionee is Involuntarily Terminated within twelve months following such Change in Control, then (a) the vesting and exercisability of such number of Option Shares as is equal to the lesser of (i) 25% of the Option Shares subject to the Option at the time of grant, or (ii) all of the remaining Unvested Shares, shall be automatically accelerated on the date of such Involuntary Termination, and (b) the Vested Shares subject to the Option (after giving effect to the accelerated vesting pursuant to the preceding clause) shall remain exercisable until the earlier of (i) the Expiration Date or (ii) the expiration of the one year period measured from the date of the Optionee’s Involuntary Termination.
A Change in Control. For the purposes of this Agreement, "Change in ------------------- Control" shall mean:
A Change in Control. In the event of a Change in Control, if you involuntarily forfeit your current position or if you will be employed at a significantly lower salary, all Stock Awards will become fully exercisable. In addition, all Stock Awards may become fully exercisable pursuant to Sections 18 (a) and 18(b) of the Plan. A “Change in Control” will be deemed to have occurred as provided in Section 2(b) of the Plan.
A Change in Control. (b) If other vesting provisions are provided by the Board or the Compensation Committee of the Board with respect to the Employer Deferral Account SERP subaccount of any SERP Participant no later than the date the first contribution by the Employer to the Participant’s Employer Deferral Account SERP subaccount is made (or at any time thereafter if such other vesting provision make vesting more favorable to the SERP Participant), vesting in the SERP Participant’s Employer Deferral Account SERP subaccount shall be determined as so provided by the Board or its Compensation Committee.
A Change in Control. In the event of the Participant’s Termination of Service following a Change in Control, all unvested Options held by the Participant will expire and be forfeited. Vested Options will be exercisable for one (1) year following the date of Involuntary Termination following a Change in Control. A “Change in Control” will be deemed to have occurred as provided in Section 4.2 of the Plan.
A Change in Control occurs automatically by operation of Legislation and without the Grant Recipient being able to notify in advance, the Grant Recipient shall provide Homes England with a completed Constitutional Change Notification (in accordance with the requirements of Clause 14.7 (Operational Obligations) at least ten (10) Business Days prior to any Change in Control or Restructure. Where the circumstances contemplated in Clause 15.27.1 (Review, Monitoring and Reporting) or Clause 15.27.2 (Review, Monitoring and Reporting) apply, the Grant Recipient shall provide Homes England with a completed Constitutional Change Notification within ten (10) Business Days after the relevant Change in Control or Restructure has occurred.
A Change in Control. Notwithstanding anything to the contrary contained in any other agreement, upon the occurrence of any Change in Control, any outstanding option, restricted stock, stock appreciation right or similar right, entitlement or payment shall become fully vested and shall no longer be subject to any conditions for ownership.
A Change in Control. Notwithstanding any other provisions of the Plan or this Agreement, in the event of a "Change in Control" (as defined below), any unvested Options granted hereunder shall be accelerated and be fully vested as of the date immediately prior to the effective date of the Change in Control if the Optionee continues to be employed by the Company as of the date of such accelerated vesting.