Alternative Options Sample Clauses

Alternative Options. Notwithstanding Sections 7(a) and 7(b), no cancellation, termination, acceleration of exercisability or vesting or settlement or other payment shall occur with respect to any Option if the Committee (as constituted immediately prior to the consummation of the transaction constituting the Change in Control) reasonably determines, in good faith, prior to the Change in Control that the Options shall be honored or assumed, or new rights substituted therefor (such honored, assumed or substituted Option being hereinafter referred to as an "Alternative Option") by the New Employer, provided that any Alternative Options must:
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Alternative Options. Any licensed staff who was evaluated in St. Vrain and received an Effective or Highly Effective rating may select an Alternative Option. Licensed staff who select an Alternative Option will retain their evaluation ratings from 2016- 2017 for the 2017-2018 school year. Licensed staff members must request the option by October 15th. With evaluator approval, licensed staff may select an Alternative Option for two (2) consecutive years. After two (2) years, the licensed staff will then be evaluated on either XXXXX (State Model) or the SVVSD Teacher Rubric. Evaluators may choose to evaluate any probationary or non-probationary staff in XXXXX or the SVVSD Teacher Rubric on the full rubric by Mid-Year Review. In order for this to take place an evaluator must have had conversations throughout the first semester regarding any concerns.
Alternative Options. Notwithstanding Section 5(a), no cancellation or cash settlement or other payment shall occur with respect to any Option in connection with an Exit Event if the Committee reasonably determines in good faith, prior to the occurrence of such Exit Event, that such Option shall be honored or assumed, or new rights substituted therefor (such honored, assumed or substituted Option being hereinafter referred to as an “Alternative Option”) by the new employer, provided that any such Alternative Option must:
Alternative Options. Notwithstanding ___________________ Paragraph 7(a), no acceleration of exercisability shall occur with respect to any Option if the Board (or the appropriate committee thereof) reasonably determines in good faith, prior to the occurrence of a Change in Control, that such Option shall be honored or assumed, or new rights substituted therefor (such honored, assumed or substituted Option being hereinafter referred to as an "Alternative Option") by the successor in interest to the Company, provided that any such Alternative Option must: ________ ____
Alternative Options. Notwithstanding Section 8(a), no cancellation, acceleration of exercisability, vesting or cash settlement or other payment shall occur with respect to the Options if the Board reasonably determines in good faith, prior to the occurrence of a Change in Control, that the Options shall be honored or assumed, or new rights substituted therefor (such honored, assumed or substituted Options being hereinafter referred to as an "Alternative Options") by the New Employer, provided that any such Alternative Options must:
Alternative Options. Notwithstanding Section 4(c)(i), no ------------------- settlement or other payment shall be made with respect to any Option in the event that the transaction constituting the Take-Along Sale is to be accounted for using the "pooling of interest" method of accounting. In such event, each Option held by the Employee immediately prior to the closing of the Take-Along Sale shall become fully vested immediately prior to the consummation of such transaction and the Employee shall have the right, subject to compliance with all applicable securities laws, to (i) - exercise all of the Options then held by him or (ii) provided such -- opportunity is made available by the Take-Along Buyer, exchange such Options for fully vested options to purchase common stock of the Take-Along Buyer (or the direct or indirect parent of the Take-Along Buyer) having substantially equivalent economic value to the Options being exchanged therefor, as determined by the Board immediately prior to the consummation of the Take-Along Sale. Any Options not exercised or exchanged shall expire upon the consummation of the Take-Along Sale.
Alternative Options. Notwithstanding Sections 7(a) and 7(b), no cancellation, termination, acceleration of exercisability or vesting or settlement or other payment shall occur with respect to any Option if the Committee (as constituted immediately prior to the consummation of the transaction constituting the Change in Control) reasonably determines, in good faith, prior to the Change in Control that the Options shall be honored or assumed, or new rights substituted therefor (such honored, assumed or substituted Option being hereinafter referred to as an “Alternative Option”) by the Employee’s new employer, provided that any Alternative Options must:
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Alternative Options. Notwithstanding Section 5(a), no cancellation, acceleration of exercisability, vesting or cash settlement or other payment shall occur with respect to any Option in connection with a Change in Control if the Committee reasonably determines in good faith, prior to the occurrence of such Change in Control, that such Option shall be honored or assumed, or new rights substituted therefor (such honored, assumed or substituted Option being hereinafter referred to as an “Alternative Option”) by the new employer, provided that any such Alternative Option must:
Alternative Options. Notwithstanding Sections 9(a), 9(b) and 9 ------------------- (c) hereof, no cash settlement or other payment shall be made with respect to any Option in the event that the transaction constituting the Change in Control is accounted for using the "pooling of interest" method of accounting. In such event, the portion of each Option then held by the Grantee that, but for the provisions of this paragraph (d), would have been settled for cash pursuant to paragraphs (a) or (b) of this Section 9 in connection with the Change in Control, shall become fully vested immediately prior to the consummation of such transaction and the Grantee shall have the right, subject to compliance with all applicable securities laws, to (i) exercise such portion of the Options in - connection with the Change in Control or (ii) provided such opportunity is made -- available by the New Employer, exchange such portion of the Options for fully exercisable options to purchase common stock of the New Employer having substantially equivalent economic value to the Options being exchanged therefor (determined at the time of the Change in Control).
Alternative Options. 3.1 We do nothing and maintain the current number of officers issuing FPNs against environmental crime (MKC Enforcement Officers & TVP PCSOs).
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