Acceleration Events. Notwithstanding anything in this Article III to the contrary, the Option shall become immediately exercisable as to 100% of the shares of Common Stock subject to such Option (but only to the extent such Option has not otherwise terminated or become exercisable) upon a Change of Control.
Appears in 2 contracts
Sources: Employee Stockholder's Agreement (Bristol West Holdings Inc), Employee Stockholder's Agreement (Bristol West Holdings Inc)
Acceleration Events. Notwithstanding anything in this Article III to the contrary, . the Option shall become immediately exercisable as to 100% of the shares of Common Stock subject to such Option (but only to the extent such Option has not otherwise terminated or become exercisable) upon a Change of Control.
Appears in 2 contracts
Sources: Employee Stockholder's Agreement (Bristol West Holdings Inc), Employee Stockholder's Agreement (Bristol West Holdings Inc)
Acceleration Events. Notwithstanding anything in this Article III to the contrary, the this Option shall become immediately exercisable as with respect to 100% of the shares of Common Stock subject to such Option early (but only to the extent such Option has not otherwise terminated or become exercisable) upon (i) a Termination of Employment on account of death or Disability of the Optionee, or (ii) a Change of Control.
Appears in 1 contract
Sources: Non Qualified Stock Option Agreement (Peabody Energy Corp)