Acceleration of Exercise Period. Subject to the last sentence of Section 4.01, if prior to July 11, 1998 (i) a Significant Corporate Transaction is proposed, (ii) the Company proposes to make a disposition of all or any number of the shares of Capital Stock of MusicCo beneficially owned by it and as a result of such disposition the Company will cease to be the beneficial owner of at least 30% (in voting power) of the shares of Capital Stock of MusicCo then outstanding (a "Change in Control Transaction"), (iii) a Bankruptcy Event occurs or (iv) the Company is dissolved or liquidated, then the Exercise Period for each Right shall be accelerated as provided herein and the Company shall be obligated to honor all Rights validly exercised in accordance with Section 4.08 prior to the expiration of such accelerated Exercise Period.
Acceleration of Exercise Period. The Company shall have the right, at any time upon the occurrence of an Extraordinary Event, to accelerate the Exercise Period by sending to the Holder, at the Holder's address written above, a Notice of Acceleration in substantially the form attached as Appendix I hereto (the "Notice"). In the event the Company does accelerate the Exercise Period, the Holder shall have twenty (20) days from the date the Holder receives the Notice within which to exercise this Warrant in the manner provided for in Section 2.3, after which time this Warrant and the right to purchase the Shares hereunder, to the extent not previously exercised, shall expire and become void. The Holder shall be deemed to have received the Notice five (5) days after the date the Notice is deposited in the U.S.
Acceleration of Exercise Period. Notwithstanding the exercise schedule set forth in Paragraph 2 above, the Employee may exercise all or any portion of this Option on or after a Transaction Date as defined below, provided this Option shall have been granted not less than six (6) months previously. For purposes of this paragraph, a “Transaction Date” shall mean the date on which an offeror other than the Company shall first publicly offer to acquire shares of Stock of the Company pursuant to a tender offer or exchange offer or the date of mailing of proxy materials to the stockholders of the Company with respect to a merger or other reorganization that will result in the Stock of the Company being converted into cash or securities of another entity.
Acceleration of Exercise Period. The Company shall have the right, at any time after the occurrence of a Call Event, to accelerate the Exercise Period by sending to the Holder, at the Holder's address written above, a Notice of Acceleration in substantially the form attached as Appendix I hereto (the "Notice"). In the event the Company does accelerate the Exercise Period, Holder shall have until 5:00 p.m. (Pacific time) on the date which is thirty (30) days from the date the Holder is deemed to receive the Notice within which to exercise this Warrant in the manner provided for in Section 2.3. If this Warrant is not exercised within said period, thereafter this Warrant and the right to purchase the Shares hereunder, to the extent not previously exercised, shall expire and become void.
Acceleration of Exercise Period. The Company shall have the right, at any time after the Common Stock has traded on a recognized public market for twenty-one consecutive days with a daily closing bid price of $_____________ or more per share, to accelerate the Exercise Period by sending to the Holder, at the Holder's address written above, a Notice of Acceleration in substantially the form attached as Appendix I hereto (the "Notice"). In the event the Company does accelerate the Exercise Period, the Holder shall have ten (10) days from the date the Holder receives the Notice within which to exercise this Warrant in the manner provided for in Section 2.3, after which time this Warrant and the right to purchase the Shares hereunder, to the extent not previously exercised, shall expire and become void. The Holder shall be deemed to have received the Notice five (5) days after the date the Notice is deposited in the U.S. Mails.
Acceleration of Exercise Period. If the optionee's employment is terminated by retirement or for any reason, voluntarily or involuntarily, with or without cause, other than in the circumstances specified in (b) below, this option may be exercised at any time prior to its expiration date or the thirtieth day after the date of such termination of employment (or, if such is not a regular business day, on the last preceding business day), whichever is the shorter period, but only if and to the extent the optionee was entitled to exercise the option on the date of such termination. Subject to such terms and conditions as the Board of Directors may determine, the Board of Directors may extend the exercise period any length of time not later than the expiration date of the option and may increase the portion of the option that may be exercised on termination.
Acceleration of Exercise Period. Each outstanding option granted hereunder shall become exercisable in full for the aggregate number of shares covered thereby (notwithstanding any contrary waiting or installment period or other limitation or restriction) immediately following a Change of Control (as defined in the Plan) of the Company.
Acceleration of Exercise Period. Notwithstanding the limitation set forth in paragraph 1 (a) above on the exercise of this option within one year after the date hereof, the Employee may exercise all or any portion of this option, provided it shall have been granted not less than six months previously, on or after the date on which an offeror (other than the Corporation) shall first publicly offer to acquire shares of common stock of the Corporation pursuant to a tender offer or exchange offer or the date of mailing of proxy material to the stockholders of the Corporation with respect to a merger or other reorganization which shall result in the common stock of the Corporation being converted into cash or securities of another corporation.
Acceleration of Exercise Period. The Company shall have the right, at any time after the occurrence of a Call Event, to accelerate the Exercise Period by sending to the Holder, at the Holder's address written above, a Notice of Acceleration in substantially the form attached as Appendix I hereto (the "Notice"). In the event the Company does accelerate the Exercise Period, (a) if the Shares underlying the Warrant are, as of the date of the Notice, the subject of a filed registration statement under the Securities Act of 1933, as amended (the "Act"), holders shall have twenty (20) days from the date the Holder receives the Notice within which to exercise this Warrant in the manner provided for in Section 2.3, or (b) if the Shares underlying the Warrant are not, as of the date of the Notice, the subject of a filed registration statement under the Act, the Holder shall have ninety (90) days from the date the Holder receives the Notice within which to exercise this Warrant. If this Warrant is not exercised within the applicable period, thereafter this Warrant and the right to purchase the Shares hereunder, to the extent not previously exercised, shall expire and become void. If mailed, the Holder shall be deemed to have received the Notice five (5) days after the date the Notice is deposited with a national mail.
Acceleration of Exercise Period. During the 20-day period beginning on the Transaction Date as defined in Section 1.13 above, the Participant may elect to surrender to the Company for cancellation, without regard to the exercise date thereof, any portion of an Option which shall have been granted at least six months previously and to receive in exchange therefor, in whole shares of the Company's Common Stock, an amount equivalent to the difference between the Option price and the fair market value of the shares covered by the portion of the Option surrendered; provided that no fractional shares or cash in lieu of fractional shares shall be paid. For purposes of the preceding sentence, the "fair market value" of a share of the Company's Common Stock shall be deemed to be the cash offered for a share of such Common Stock in a tender offer, or the value, as determined by the Committee in its discretion, of the securities (or combination of cash and securities) to be delivered for a share of such Common Stock to be acquired in an exchange offer or be converted in a merger, in each case as of the Transaction Date. This right shall be exercised only during the 20-day period beginning on the Transaction Date, in accordance with Article VIII hereof.
