Common use of Acceleration of Exercisability Clause in Contracts

Acceleration of Exercisability. In the event of the merger or consolidation of the Company with or into another corporation, or the acquisition by another corporation or person of all or substantially all of the Company’s assets or eighty percent (80%) or more of the Company’s then outstanding voting stock, or the liquidation or dissolution of the Company, the Committee may, in its absolute discretion and upon such terms and conditions as it deems appropriate, provide by resolution, adopted prior to such event, that at some time prior to the effective date of such event this Option shall be exercisable as to all the shares covered hereby, notwithstanding that this Option may not yet have become fully exercisable under Section 3.1(a); provided, however, that the Committee, in its sole discretion, may forego this acceleration of exercisability if:

Appears in 1 contract

Samples: Stock Option Agreement (Pfsweb Inc)

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Acceleration of Exercisability. In the event of the merger or consolidation of the Company with or into another corporation, or the acquisition by another corporation or person of all or substantially all of the Company’s 's assets or eighty percent (80%) or more of the Company’s 's then outstanding voting stock, or the liquidation or dissolution of the Company, the Committee may, in its absolute discretion and upon such terms and conditions as it deems appropriate, provide by resolution, adopted prior to such eventevent and incorporated in the notice referred to in Section 3.3(f), that at some time prior to the effective date of such event this Option shall be exercisable as to all the shares covered hereby, notwithstanding that this Option may not yet have become fully exercisable under Section 3.1(a); provided, however, that the Committee, in its sole discretion, may forego this acceleration of exercisability shall not take place if:

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Viasat Inc)

Acceleration of Exercisability. In the event of the merger or consolidation of the Company with or into another corporation, or the acquisition by another corporation or person of all or substantially all of the Company’s 's assets or eighty percent (80%) or more of the Company’s 's then outstanding voting stock, or the liquidation or dissolution of the Company, the Committee may, in its absolute discretion and upon such terms and conditions as it deems appropriate, provide by resolution, adopted prior to such eventevent and incorporated in the notice referred to in Section 3.3(g), that at some time prior to the effective date of such event this Option shall be exercisable as to all the shares covered hereby, notwithstanding that this Option may not yet have become fully exercisable under Section 3.1(a); provided, however, that the Committee, in its sole discretion, may forego this acceleration of exercisability shall not take place if:

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Viasat Inc)

Acceleration of Exercisability. In the event of the merger or consolidation of the Company with or into another corporation, or the acquisition by another corporation or person thereon of all or substantially all of the Company’s 's assets or eighty percent (80%) or more of the Company’s 's then outstanding voting stock, or the liquidation or dissolution of the Company, the Committee mayCompany shall, in its absolute discretion and upon such terms and conditions as it deems appropriate, provide by resolution, adopted prior to such eventevent and incorporated in the notice referred to in Section 3.03(e), that at some time prior to the effective date of such event this Option shall be exercisable as to all the shares covered hereby, notwithstanding that this Option may not yet have become fully exercisable under Section 3.1(a3.01(a); provided, however, that the Committee, in its sole discretion, may forego this acceleration of exercisability shall not take place if:

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (KFX Inc)

Acceleration of Exercisability. In the event of the merger or consolidation of the Company with or into another corporation, or the acquisition by another corporation or person of all or substantially all of the Company’s 's assets or eighty percent (80%) or more of the Company’s 's then outstanding voting stock, or the liquidation or dissolution of the Company, the Committee may, in its absolute discretion and upon such terms and conditions as it deems appropriate, provide by resolution, adopted prior to such event, that at some time prior to the effective date of such event this Option shall be exercisable as to all or a portion of the shares covered hereby, notwithstanding that this Option may not yet have become fully exercisable under Section 3.1(a); provided, however, that the CommitteeCommittee may, in its sole discretion, may forego this such acceleration of exercisability if:

Appears in 1 contract

Samples: Stock Option Agreement (Pfsweb Inc)

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Acceleration of Exercisability. In the event of the merger or consolidation of the Company with or into another corporation, or the acquisition by another corporation or person of all or substantially all of the Company’s 's assets or eighty percent (80%) or more of the Company’s 's then outstanding voting stock, or the liquidation or dissolution of the Company, the Committee Administrator may, in its absolute discretion and upon such terms and conditions as it deems appropriate, provide by resolution, adopted prior to such eventevent and incorporated in the notice referred to in Section 3.3(g), that at some time prior to the effective date of such event this Option shall be exercisable as to all the shares covered hereby, notwithstanding that this Option may not yet have become fully exercisable under Section 3.1(a); provided, however, that the Committee, in its sole discretion, may forego this acceleration of exercisability shall not take place if:

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Comps Com Inc)

Acceleration of Exercisability. In the event of the merger or consolidation of the Company with into another corporation, or into the exchange of all or substantially all of the assets of the Company for the securities of another corporation, or the acquisition by another corporation or person of all or substantially all of the Company’s assets or eighty percent (80%) % or more of the Company’s 's then outstanding voting stock, or the liquidation or dissolution of the Company, the Committee may, in its absolute discretion and upon such terms and conditions as it deems appropriate, shall provide by resolution, adopted prior to such eventevent and incorporated in the notice referred to in Section 3.2(e), that for a period of at some time least thirty (30) days prior to the effective date of such event event, this Option shall be exercisable as to all the shares covered hereby, notwithstanding that this Option may not yet have become fully exercisable under Section 3.1(a); provided, however, that the Committee, in its sole discretion, may forego this acceleration of exercisability shall not take place if:

Appears in 1 contract

Samples: Stock Option Agreement (Fremont General Corp)

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