Alternative Award. No cancellation, acceleration, vesting, lapse of restrictions or other payment shall occur with respect to any Non-Statutory Stock Options in connection with a Change in Control if the Committee reasonably determines in good faith, prior to the occurrence of the Change in Control, that such Non-Statutory Stock Options shall be honored or assumed, or new rights substituted therefor following the Change in Control (such honored, assumed, or substituted award, an “Alternative Award”), provided that any Alternative Award must:
Appears in 10 contracts
Samples: Non Statutory Stock Option Agreement (FGL Holdings), 2013 Non Statutory Stock Option Agreement (Fidelity & Guaranty Life), 2013 Non Statutory Stock Option Agreement (Fidelity & Guaranty Life)
