Acceleration of Exercisability. In the event of a Change of Control at a time that the Employee is employed by the Company or any of its subsidiaries, this Option shall become immediately and fully exercisable immediately prior to the occurrence of such Change of Control, and no restriction or limitation on the rights of the Employee set forth in Section 3 hereof (other than the stated expiration date) shall have any further force or effect.
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Samples: 2004 Stock Award and Incentive Plan Stock Option Agreement (Charming Shoppes Inc), Incentive Plan Stock Option Agreement (Charming Shoppes Inc), Incentive Plan Stock Option Agreement (Charming Shoppes Inc)
Acceleration of Exercisability. In the event of a Change of Control at a time that the Employee Associate is employed by the Company or any of its subsidiariessubsidiaries and after the date of grant of this Option, this Option shall become immediately and fully exercisable immediately prior to the occurrence of such Change of Control, and no restriction or limitation on the rights of the Employee Associate set forth in Section 3 hereof (other than the stated expiration date) shall have any further force or effect.
Appears in 2 contracts
Samples: Incentive Plan Stock Option Agreement (Charming Shoppes Inc), Incentive Plan Stock Option Agreement (Charming Shoppes Inc)
Acceleration of Exercisability. In the event of a Change of Control at a time that the Employee is employed by the Company or any of its subsidiaries, this Option shall become immediately and fully exercisable immediately prior to upon the occurrence of such Change of Control, and no restriction or limitation on the rights of the Employee set forth in Section 3 hereof (other than the stated expiration date) shall have any further force or effect.
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