Common use of Change of Control of Company Clause in Contracts

Change of Control of Company. In the event of a Change of Control, the Committee may take whatever action with respect to the Option it deems necessary or desirable, including, without limitation, removing any restrictions or imposing any additional restrictions on the Option or Option Shares.

Appears in 5 contracts

Samples: Non Qualified Stock Option Agreement (Panacea Global, Inc.), Non Qualified Stock Option Agreement (Panacea Global, Inc.), Non Qualified Stock Option Agreement (Panacea Global, Inc.)

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Change of Control of Company. In the event of a Change of Control, except for the provisions set forth above in Section 2 and its subsections, the Committee may take whatever action with respect to the Option it deems necessary or desirable, including, without limitation, removing any restrictions or imposing any additional restrictions on the Option or Option Shares.

Appears in 1 contract

Samples: Asset Purchase Agreement (Luxeyard, Inc.)

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Change of Control of Company. In the event of a Change of Control, the Committee may take whatever action with respect to the Option Restricted Stock it deems necessary or desirable, including, without limitation, removing any restrictions or imposing any additional restrictions on the Option or Option Sharessuch Restricted Stock.

Appears in 1 contract

Samples: Restricted Stock Agreement (Bon Ton Stores Inc)

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