Common use of Change of Control Transaction Clause in Contracts

Change of Control Transaction. For purposes of this Section 3.3, the term “Change of Control Transaction” shall have the meaning set forth in Section 2 of the Plan. Upon the occurrence of a Change of Control Transaction, the Vesting Schedule shall no longer apply and the Company shall issue all Award Shares not previously issued to you. The Committee administering the Plan in its discretion may make further adjustments or modifications to the Award Shares pursuant to Section 15.4 of the Plan.

Appears in 3 contracts

Samples: Restricted Stock Unit Agreement (Navarre Corp /Mn/), Restricted Stock Unit Agreement (Navarre Corp /Mn/), Restricted Stock Unit Agreement (Navarre Corp /Mn/)

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Change of Control Transaction. For purposes of this Section 3.33.5, the term “Change of Control Transaction” shall have the meaning set forth in Section 2 of the Plan. Upon the occurrence of a Change of Control Transaction, the Vesting Schedule shall no longer apply and the Company this Option shall issue all Award Shares not previously issued to youautomatically and immediately become exercisable in full. The Committee administering the Plan in its discretion may make further adjustments or modifications to the Award Shares Option pursuant to Section 15.4 15.4. of the Plan.

Appears in 2 contracts

Samples: Restricted Stock Unit Agreement (Navarre Corp /Mn/), 2004 Stock Plan (Navarre Corp /Mn/)

Change of Control Transaction. For purposes of this Section 3.3, the term "Change of Control Transaction" shall have the meaning set forth in Section 2 2. of the Plan. Upon the occurrence of a Change of Control Transaction, the Vesting Schedule shall no longer apply and the Company this Option shall issue all Award Shares not previously issued to youautomatically and immediately become exercisable in full. The Committee administering the Plan in its discretion may make further adjustments or modifications to the Award Shares Option pursuant to Section 15.4 15.4. of the Plan.

Appears in 2 contracts

Samples: Stock Plan Incentive Stock Option Agreement (Navarre Corp /Mn/), Nonqualified Stock Option Agreement (Navarre Corp /Mn/)

Change of Control Transaction. For purposes of this Section 3.3, the term “Change of Control Transaction” shall have the meaning set forth in Section 2 of the Plan. Upon the occurrence of a Change of Control Transaction, the Vesting Schedule shall no longer apply and the Company shall issue all Award Shares not previously issued at the target level indicated above, pro-rated for the portion of the Measurement Period that transpired prior to youthe Change of Control Transaction. The Committee administering the Plan in its discretion may make further adjustments or modifications to the Award Shares pursuant to Section 15.4 of the Plan.

Appears in 1 contract

Samples: 2004 Stock Plan TSR Stock Unit Agreement (Navarre Corp /Mn/)

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Change of Control Transaction. For purposes of this Section 3.3, the term “Change of Control Transaction” shall have the meaning set forth in Section 2 of the Plan. Upon the occurrence of a Change of Control Transaction, the Vesting Schedule shall no longer apply and the Company shall issue all the Award Shares not previously issued Shares, pro-rated for the portion of the Measurement Period that transpired prior to youthe Change of Control Transaction. The Committee administering the Plan in its discretion may make further adjustments or modifications to the Award Shares pursuant to Section 15.4 of the Plan.

Appears in 1 contract

Samples: 2004 Stock Plan Performance Stock Unit Agreement (Navarre Corp /Mn/)

Change of Control Transaction. For purposes of this Section 3.33.4, the term “Change of Control Transaction” shall have the meaning set forth in Section 2 of the Plan. Upon the occurrence of a Change of Control Transaction, the Vesting Schedule shall no longer apply and the Company shall issue all Award Shares not previously issued to you. The Committee administering the Plan in its discretion may make further adjustments or modifications to the Award Shares pursuant to Section 15.4 of the Plan.

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (Navarre Corp /Mn/)

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