Common use of Assumption or Substitution Clause in Contracts

Assumption or Substitution. (i) If the Change in Control is one in which there is an acquiring or surviving entity, the Administrator may provide for the assumption or continuation of some or all outstanding Awards or for the grant of new awards in substitution therefor by the acquiror or survivor or an affiliate of the acquiror or survivor.

Appears in 12 contracts

Samples: Stock Option Award Agreement (Entegris Inc), Global Rsu Award Agreement (Entegris Inc), Rsu Award Agreement (Entegris Inc)

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Assumption or Substitution. (i) If the Change in Control is one in which there is an acquiring or surviving entity, the Administrator may provide for the assumption or continuation of some or all outstanding -2- Awards or for the grant of new awards in substitution therefor by the acquiror or survivor or an affiliate of the acquiror or survivor.

Appears in 1 contract

Samples: 2019 Rsu Award Agreement (Entegris Inc)

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