Common use of Awards Not Assumed by Successor Clause in Contracts

Awards Not Assumed by Successor. A. Upon the occurrence of a Change in Control in which the Company is not the surviving Company, if the Option is not Assumed by the Post-CIC Entity, the Option shall become fully vested and exercisable on the date of the Change in Control, and the following provisions of this Section 4(b)(ii) shall apply.

Appears in 5 contracts

Samples: Nonqualified Stock Option Agreement (Chart Industries Inc), Nonqualified Stock Option Agreement (Chart Industries Inc), Nonqualified Stock Option Agreement (Chart Industries Inc)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.