Common use of Certain Business Combinations Clause in Contracts

Certain Business Combinations. In the event it is determined by the Board, upon consultation with Company management and the Company's independent auditors, that the enforcement of any Section of this Agreement, including, but not limited to, Section 2 hereof, which allows for the acceleration-of-vesting of option shares upon the effective date of an Involuntary Termination within one year following a Change of Control, would preclude accounting for any proposed business combination of the Company involving a Change of Control as a pooling of interests, and the Board otherwise desires to approve such a proposed business transaction which requires as a condition to the closing of such transaction that it be accounted for as a pooling of interests, then any such Section of this Agreement shall be null and void. For purposes of this Section 5, the Board's determination shall require the unanimous approval of the non-employee Board members.

Appears in 3 contracts

Samples: Change of Control Agreement (Aclara Biosciences Inc), Change of Control Agreement (Aclara Biosciences Inc), Change of Control Agreement (Aclara Biosciences Inc)

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Certain Business Combinations. In the event it is determined by ----------------------------- the Board, upon consultation with Company management and the Company's independent auditors, that the enforcement of any Section of this Agreement, including, but not limited to, Section 2 hereof, which allows for the acceleration-of-acceleration of vesting of option shares stock options and Restricted Stock granted for the Company's securities upon the effective date of an Involuntary Termination within one year following a Change of Control, Corporate Transaction would preclude accounting for any proposed business combination of the Company involving a Change of Control Corporate Transaction as a pooling of interests, and the Board otherwise desires to approve such a proposed business transaction which requires as a condition to the closing of such transaction that it be accounted for as a pooling of interests, then any such Section of this Agreement shall be null and void. For purposes of this Section 5, the Board's determination shall require the unanimous approval of the non-employee Board members.

Appears in 3 contracts

Samples: Change of Control Agreement (Chemdex Corp), Change of Control Agreement (Chemdex Corp), Change of Control Agreement (Chemdex Corp)

Certain Business Combinations. In the event it is determined by ----------------------------- the Board, upon consultation with Company management and the Company's independent auditors, that the enforcement of any Section of this Agreement, including, but not limited to, Section 2 1 hereof, which allows for the acceleration-of-acceleration of vesting of option shares stock options and Restricted Stock granted for the Company's securities upon the effective date of an Involuntary Termination within one year following a Change of Control, Corporate Transaction would preclude accounting for any proposed business combination of the Company involving a Change of Control Corporate Transaction as a pooling of interests, and the Board otherwise desires to approve such a proposed business transaction which requires as a condition to the closing of such transaction that it be accounted for as a pooling of interests, then any such Section of this Agreement shall be null and void. For purposes of this Section 54, the Board's determination shall require the unanimous approval of the non-employee Director Board members.

Appears in 2 contracts

Samples: Change of Control Agreement (Chemdex Corp), Change of Control Agreement (Chemdex Corp)

Certain Business Combinations. In the event it is determined by ----------------------------- the Board, upon consultation with Company management and receipt of a written opinion of the Company's independent auditors, that the enforcement of any Section of this Agreement, including, but not limited to, Section 2 hereof, which allows allow for the acceleration-of-acceleration of vesting of option shares stock options or restricted stock grants for the Company's securities upon the effective date of an Involuntary Termination within one year following a Change of Control, would preclude accounting for any proposed business combination of the Company involving a Change of Control as a pooling of interests, and the Board otherwise desires to approve such a proposed business transaction which requires as a condition to the closing of such transaction that it be accounted for as a pooling of interests, then any such Section of this Agreement shall be null and void. For purposes of this Section 5, the Board's determination shall require the unanimous approval of the non-non- employee Board members.

Appears in 2 contracts

Samples: Change of Control Agreement (Avantgo Inc), Change of Control Agreement (Avantgo Inc)

Certain Business Combinations. In the event it is determined by the Board, upon consultation with the Company management and the Company's independent auditorspublic accountants, that the enforcement of any agreement between Employee and the Company, including the provisions of Section 2(a) of this Agreement, including, but not limited to, Section 2 hereof, which allows for the acceleration-of-acceleration of vesting of option shares upon stock options granted for the effective date Company's Common Stock following of an Involuntary Termination within one year following a Change of Control, would preclude accounting for any proposed business combination of the Company involving a Change of Control as a pooling of interests, and the Board otherwise desires to approve such a proposed business transaction which requires as a condition to the closing of such transaction that it be accounted for as a pooling of interests, then any such Section provision of this Agreement shall be null and void. For purposes of this Section 5, the Board's determination shall require the unanimous approval of the non-employee Board members.

Appears in 2 contracts

Samples: Change of Control Agreement (Innerdyne Inc), Change of Control Agreement (Innerdyne Inc)

Certain Business Combinations. In the event it is determined by the Board, upon consultation with Company management and receipt of a written opinion of the Company's independent auditors, that the enforcement of any Section of this Agreement, including, but not limited to, Section 2 hereof, which allows allow for the acceleration-of-acceleration of vesting of option shares stock options or restricted stock grants for the Company's securities upon the effective date of an Involuntary Termination within one year following a Change of Control, would preclude accounting for any proposed business combination of the Company involving a Change of Control as a pooling of interests, and the Board otherwise desires to approve such a proposed business transaction which requires as a condition to the closing of such transaction that it be accounted for as a pooling of interests, then any such Section of this Agreement shall be null and void. For purposes of this Section 5, the Board's determination shall require the unanimous approval of the non-employee Board members.

Appears in 2 contracts

Samples: Change of Control Agreement (Avantgo Inc), Change of Control Agreement (Avantgo Inc)

Certain Business Combinations. In the event it is determined by the BoardBoard of Directors, upon consultation with Company management and receipt of a written opinion of the CompanyCorporation's independent auditorspublic accountants, that the enforcement of any Section provision of this Agreement, including, but not limited to, Section 2 5 hereof, which allows for the acceleration-of-acceleration of vesting of option options to purchase shares of the Company's common stock upon the effective date of an Involuntary Termination within one year following a termination in connection with a Change of Control, would preclude accounting for any proposed business combination of the Company involving a Change of Control as a pooling of interests, and the Board otherwise desires to approve such a proposed business transaction which requires as a condition to the closing of such transaction that it be accounted for as a pooling of interests, then any such Section provision of this Agreement shall be null and void. For purposes of this Section 59, the Board's determination shall require the unanimous approval of the non-employee disinterested Board members.

Appears in 2 contracts

Samples: Control and Severance Agreement (Gadzoox Networks Inc), Control and Severance Agreement (Gadzoox Networks Inc)

Certain Business Combinations. In the event it is determined by ----------------------------- the Board, upon consultation with Company management and the Company's independent auditors, that the enforcement of any Section of this Agreement, including, but not limited to, Section 2 hereof, which allows for the acceleration-of-acceleration of vesting of option Option shares upon the effective date of an Involuntary Termination within one year following a Hostile Takeover or a Change of Control, would preclude accounting for any proposed business combination of the Company involving a Hostile Takeover or a Change of Control as a pooling of interests, and the Board otherwise desires to approve such a proposed business transaction which requires as a condition to the closing of such transaction that it be accounted for as a pooling of interests, then any such Section of this Agreement shall be null and void. For purposes of this Section 56, the Board's determination shall require the unanimous approval of the non-employee Board members.

Appears in 1 contract

Samples: Change of Control Agreement (Keravision Inc /Ca/)

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Certain Business Combinations. In the event it is determined by ----------------------------- the Board, upon consultation with Company management and the Company's independent auditors, that the enforcement of any Section of this Agreement, including, but not limited to, Section 2 hereof, which allows for the acceleration-of-acceleration of vesting of option Option shares and termination of Repurchase Rights upon the effective date of an Involuntary Termination within one year following a Change of ControlEmployee, would preclude accounting for any proposed business combination of the Company involving a Change of Control as a pooling of interests, and the Board otherwise desires to approve such a proposed business transaction which requires as a condition to the closing of such transaction that it be accounted for as a pooling of interests, then any such Section of this Agreement shall be null and void. For purposes of this Section 54, the Board's determination shall require the unanimous approval of the non-employee non- Employee Board members.

Appears in 1 contract

Samples: Change of Control Agreement (Moai Technologies Inc)

Certain Business Combinations. In the event it is determined by the Board, upon consultation with Company management and receipt of a written opinion of the Company's independent auditors, that the enforcement of any Section of this Agreement, including, but not limited to, Section 2 hereof, which allows for the acceleration-of-acceleration of vesting of option shares stock options granted for the Company's securities upon the effective date of an Involuntary Termination within one year following a Change of ControlControl or a Hostile Takeover, would preclude accounting for any proposed business combination of the Company involving a Change of Control or a Hostile Takeover as a pooling of interests, and the Board otherwise desires to approve such a proposed business transaction which requires as a condition to the closing of such transaction that it be accounted for as a pooling of interests, then any such Section of this Agreement shall be null and void. For purposes of this Section 56, the Board's determination shall require the unanimous approval of the non-employee Board members.

Appears in 1 contract

Samples: Change of Control Agreement (Target Therapeutics Inc)

Certain Business Combinations. In the event it is ----------------------------- determined by the Board, upon consultation with Company management and the Company's independent auditors, that the enforcement of any Section of this Agreement, including, but not limited to, Section 2 hereof, which allows for the acceleration-of-acceleration of vesting of option Option shares upon the effective date of an Involuntary Termination within one year following a Hostile Takeover or a Change of Control, would preclude accounting for any proposed business combination of the Company involving a Hostile Takeover or a Change of Control as a pooling of interests, and the Board otherwise desires to approve such a proposed business transaction which requires as a condition to the closing of such transaction that it be accounted for as a pooling of interests, then any such Section of this Agreement shall be null and void. For purposes of this Section 56, the Board's determination shall require the unanimous approval of the non-employee Board members.

Appears in 1 contract

Samples: Change of Control Agreement (Keravision Inc /Ca/)

Certain Business Combinations. In the event it is determined by the ----------------------------- Board, upon consultation with Company management and the Company's independent auditors, that the enforcement of any Section of this Agreement, including, but not limited to, Section 2 hereof, which allows for the acceleration-of-acceleration of vesting of option Option shares upon an involuntary termination of Employee's employment following the effective date of an Involuntary Termination within one year following a Change of Control, would preclude accounting for any proposed business combination of the Company involving a Change of Control as a pooling of interests, and the Board otherwise desires to approve such a proposed business transaction which requires as a condition to the closing of such transaction that it be accounted for as a pooling of interests, then any such Section of this Agreement shall be null and void. For purposes of this Section 5, the Board's determination shall require the unanimous approval of the non-employee Board members.

Appears in 1 contract

Samples: Change of Control Agreement (Xylan Corp)

Certain Business Combinations. In the event it is determined by the Board, upon consultation with Company management and receipt of a written opinion of the Company's independent auditors, that the enforcement of any Section of this Agreement, including, but not limited to, Section 2 hereof, agreement between the Employee and the Company which allows for the acceleration-of-acceleration of vesting of option shares stock options granted for the Company's securities upon the effective date of an Involuntary Termination within one year following a Change of ControlControl or a Hostile Takeover, would preclude accounting for any proposed business combination of the Company involving a Change of Control or a Hostile Takeover as a pooling of interests, and the Board otherwise desires to approve such a proposed business transaction which requires as a condition to the closing of such transaction that it be accounted for as a pooling of interests, then any such Section of this Agreement shall be null and void. For purposes of this Section 56, the Board's determination shall require the unanimous approval of the non-employee Board members.

Appears in 1 contract

Samples: Change of Control Agreement (Target Therapeutics Inc)

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