Change of Control Acceleration. Notwithstanding any provision to the contrary, the option shall become fully vested and exercisable on the date on which HWH Capital Partners, L.P. and its affiliates (collectively, "HWP") have disposed of 75% or more of its ownership position.
Change of Control Acceleration. Notwithstanding the foregoing, in the event a Change of Control occurs prior to December 31, 2003, in which the net proceeds actually received by HWH Capital Partners, L.P. and its affiliates (collectively, "HWP") in the form of cash and marketable securities exceeds, on an aggregate basis (after taking into account any prior sales by HWP of any portion of its investment in the Company), $580.81 per share of Stock, the portion of the option which was eligible to become vested pursuant to Section 2(a) with respect to the Fiscal Year in which a Change of Control occurs and, if any, later Fiscal Years shall become exercisable, effective immediately prior to such event.
Change of Control Acceleration. In the event of a Change of Control (as defined in the LTIP in its form as in effect on the Effective Date), and notwithstanding any applicable vesting schedule, all awards granted to Executive under the LTIP shall immediately vest.
Change of Control Acceleration. In the event of a Change of Control, the vesting and/or exercisability of fifty percent (50%) of Executive’s then-outstanding unvested Stock Awards shall be automatically accelerated immediately prior to the effective date of such Change of Control.
Change of Control Acceleration. In the event of a Change of Control during Employee’s employment, the vesting of the Restricted Stock Award and all other restricted stock or stock option grants, if any, that Employee previously has received or may, in the future, receive from the Company, shall be accelerated so that, as of the date of the Change of Control, such restricted stock and stock option grants shall vest as to the number of shares that would have vested had Employee provided an additional thirty-six (36) months of continuous service to the Company; provided, however, that in no event will such vesting exceed the total number of shares in any grant subject to such acceleration.
Change of Control Acceleration. Notwithstanding anything to the contrary in the Plan, in the event of a Change of Control that is consummated prior to the date your Continuous Service Status terminates and irrespective of whether outstanding Awards under the Plan are being assumed, substituted or terminated in connection with the transaction, the vesting and lapse of the time-based forfeiture restrictions applicable to this Award as set forth in paragraphs 4(c) and (d) will accelerate such that you will become vested in, and any forfeiture feature specified under paragraphs 4(c) and (d) above will lapse as to one hundred percent (100%) of the Shares then unvested and subject to such forfeiture feature, effective as of immediately prior to consummation of the transaction.
Change of Control Acceleration. In the event of a Change of Control, all stock options and stock purchase rights granted by the Company to the Employee prior to the Change of Control shall immediately become vested and exercisable as to the greater of (i) 95,000 shares, in the aggregate, subject to such options or stock purchase rights, or (ii) 25% of the unvested shares subject to such options or stock purchase rights, as determined at the time of such Change of Control.
Change of Control Acceleration. Notwithstanding anything to the contrary in the Plan, in the event of a Change of Control that is consummated prior to date your Continuous Service Status terminates and irrespective of whether outstanding Awards under the Plan are being assumed, substituted or terminated in connection with the transaction, the vesting and lapse of the time-based forfeiture restrictions applicable to this Award as set forth in paragraphs 4(a) and (c) will accelerate such that you will become vested in one hundred percent (100%) of the Units then unvested and subject to such forfeiture feature, effective as of immediately prior to consummation of the transaction.
Change of Control Acceleration. In the event of a Change of Control, 30,000 unvested shares (as determined on the date of the Change of Control) subject to the options granted by the Company to the Employee prior to the Change of Control, and exercised prior to the date of this Agreement, shall immediately become vested.
Change of Control Acceleration. Section 9 of the Plan (“Change of Control”) will not apply to this Option. However, as provided in Section 7.1(d) of the Plan, the Committee retains the right to accelerate this Option in whole or in part at any time.
