Common use of Dissolution or Liquidation Clause in Contracts

Dissolution or Liquidation. In the event of the proposed dissolution or liquidation of the Company, to the extent that this Option had not been previously exercised, it will terminate immediately prior to the consummation of such proposed dissolution or liquidation. In such instance, the Administrator may, in the exercise of its sole discretion, declare that this Option will terminate as of a date fixed by the Administrator and give the Optionee the right to exercise this Option prior to such date as to all or any part of the optioned stock, including Shares as to which this Option would not otherwise be exercisable.

Dissolution or Liquidation. In the event of the proposed dissolution or liquidation of the Company, to the extent that this Option had not been previously exercised, it will terminate immediately prior to the consummation of such proposed dissolution or liquidation. In such instance, the Administrator Committee may, in the exercise of its sole discretion, declare that this Option will terminate as of a date fixed by the Administrator Committee and give the Optionee the right to exercise this Option prior to such date as to all or any part of the optioned stock, including Shares as to which this Option would not otherwise be exercisable.

Dissolution or Liquidation. In the event of the proposed dissolution or liquidation of the Company, to the extent that this Option had not been previously exercised, it will terminate immediately prior to the consummation of such proposed dissolution or liquidation. In such instance, the Administrator Company may, in the exercise of its sole discretion, declare that this Option will terminate as of a date fixed by the Administrator Company and give the Optionee the right to exercise this Option prior to such date as to all or any part of the optioned stock, including Shares shares as to which this Option would not otherwise be exercisable.

Dissolution or Liquidation. In the event of the proposed dissolution or liquidation of the Company, to the extent that this Option had not been previously exercised, it will terminate immediately prior to the consummation of such proposed dissolution or liquidationaction, unless otherwise provided by the Administrators. In such instance, the Administrator The Administrators may, in the exercise of its their sole discretiondiscretion in such instances, declare that this the Option will shall terminate as of a date fixed by the Administrator Administrators and give the Optionee the right to exercise this the Option prior to such date as to all or any part of the optioned stockOptioned Shares, including Shares shares as to which this the Option would not otherwise be exercisable.

Dissolution or Liquidation. In the event of the proposed dissolution or -------------------------- liquidation of the Company, to the extent that this Option had not been previously exercised, it will terminate immediately prior to the consummation of such proposed dissolution or liquidation. In such instance, the Administrator Company may, in the exercise of its sole discretion, declare that this Option will terminate as of a date fixed by the Administrator Company and give the Optionee the right to exercise this Option prior to such date as to all or any part of the optioned stock, including Shares shares as to which this Option would not otherwise be exercisable.

Dissolution or Liquidation. In the event of the proposed -------------------------- dissolution or liquidation of the Company, to the extent that this Option had not been previously exercised, it will terminate immediately prior to the consummation of such proposed dissolution or liquidationaction, unless otherwise provided by the Administrators. In such instance, the Administrator The Administrators may, in the exercise of its their sole discretiondiscretion in such instances, declare that this the Option will shall terminate as of a date fixed by the Administrator Administrators and give the Optionee the right to exercise this the Option prior to such date as to all or any part of the optioned stockOptioned Shares, including Shares shares as to which this the Option would not otherwise be exercisable.

Dissolution or Liquidation. In the event of the proposed dissolution or liquidation of the Company, to the extent that this Option had not been previously exercised, it will terminate immediately prior to the consummation of such proposed dissolution or liquidation. In such instance, the Administrator may, in the exercise of its sole discretion, declare that this Option will terminate as of a date fixed by the Administrator and give the Optionee the right to exercise this Option prior to such date as to all or any part of the optioned stock, including Shares shares of Common Stock as to which this Option would not otherwise be exercisable.