Dissolution or Liquidation. In the event of the proposed dissolution or liquidation of the Company, this Option will terminate immediately prior to the consummation of such proposed action or at such other time and subject to such other conditions as shall be determined by the Board.
Appears in 5 contracts
Samples: Nonqualified Stock Option Agreement (Protagenic Therapeutics, Inc.\new), Nonqualified Stock Option Agreement (Protagenic Therapeutics, Inc.\new), Nonqualified Stock Option Agreement (Atrinsic, Inc.)
Dissolution or Liquidation. In the event of the proposed dissolution or liquidation of the Company, this the Company shall notify each Optionee as soon as practicable prior to the effective date of such proposed transaction. To the extent it has not been previously exercised, an Option will terminate immediately prior to the consummation of such proposed action or at such other time and subject to such other conditions as shall be determined by the Boardaction.
Appears in 5 contracts
Samples: Option Agreement (Catalyst Biosciences, Inc.), Option Agreement (Targacept Inc), Option Agreement (Catalyst Biosciences, Inc.)
Dissolution or Liquidation. In the event of the proposed any dissolution or liquidation of the Company, this the Option will shall terminate immediately prior to the consummation of such proposed action dissolution or liquidation or at such other time and subject to such other conditions as shall be determined by the Board; provided, however, that the Company shall provide written notice to Optionee if the Option shall be so terminated at least ten (10) days prior to such termination.
Appears in 4 contracts
Samples: Restricted Stock Purchase Agreement (AutoGenomics, Inc.), Restricted Stock Purchase Agreement (AutoGenomics, Inc.), Restricted Stock Purchase Agreement (AutoGenomics, Inc.)
Dissolution or Liquidation. In the event of the proposed a dissolution or liquidation of the Company, then this Option will shall terminate if not exercised immediately prior to the consummation of to, or simultaneous with, such proposed action or at such other time and subject to such other conditions as shall be determined by the Boardevent.
Appears in 3 contracts
Samples: Stock Option Agreement (Impax Laboratories Inc), Stock Option Agreement (Impax Laboratories Inc), Stock Option Agreement (Impax Laboratories Inc)
Dissolution or Liquidation. In the event of the proposed a dissolution or liquidation of the Company, this Option will your option shall terminate immediately prior to the consummation completion of such proposed action or at such other time and subject to such other conditions as shall be determined by the Boardevent.
Appears in 3 contracts
Samples: Stock Option Agreement (Leapfrog Enterprises Inc), Stock Option Agreement (Leapfrog Enterprises Inc), Stock Option Agreement (Leapfrog Enterprises Inc)
Dissolution or Liquidation. In the event of the proposed dissolution or liquidation of the Company, this Option will the Options shall terminate immediately prior to the consummation of such proposed action action, or at such other time and subject to such other conditions as shall be determined by the Board.
Appears in 3 contracts
Samples: Executive Employment Agreement (Railamerica Inc /De), Separation Agreement (Railamerica Inc /De), Employment Agreement (Railamerica Inc /De)
Dissolution or Liquidation. In the event of the proposed dissolution or liquidation of the Company, this Option will terminate immediately prior to the consummation of such proposed action or at such other time and subject to such other conditions as shall be determined by the BoardBoard or the Committee.
Appears in 2 contracts
Samples: Incentive Stock Option Agreement (MEMSIC Inc), Non Qualified Stock Option Agreement (MEMSIC Inc)
Dissolution or Liquidation. In the event of the proposed dissolution or liquidation of the Company, Company this Option option will terminate immediately prior to the consummation of such proposed action or at such other time and subject to such other conditions as shall be determined by the BoardBoard of Directors of the Company.
Appears in 2 contracts
Samples: XVT Software (Peregrine Systems Inc), XVT Software (Peregrine Systems Inc)
Dissolution or Liquidation. In Subject to the provisions of Section 12(b) of the Plan, in the event of the proposed dissolution or liquidation of the Company, this Option will terminate immediately prior to the consummation of such proposed action or at such other time and subject to such other conditions as shall be determined by the BoardBoard or the Administrator.
Appears in 2 contracts
Samples: Non Qualified Stock Option Agreement (Southwall Technologies Inc /De/), Incentive Stock Option Agreement (Southwall Technologies Inc /De/)
Dissolution or Liquidation. In the event of the proposed a dissolution or liquidation of the Company, then this Option will shall terminate immediately prior to the consummation completion of such proposed action dissolution or at such other time and subject to such other conditions as shall be determined by the Boardliquidation.
Appears in 2 contracts
Samples: Stock Option Agreement (Biodel Inc), Stock Option Agreement (Biodel Inc)
Dissolution or Liquidation. In the event of the proposed dissolution or liquidation of the Company, this Option will terminate immediately prior to the consummation of such proposed action or at such other time and subject to such other conditions as shall be determined by the BoardCommittee.
Appears in 1 contract
Dissolution or Liquidation. In the event of the proposed dissolution or liquidation of the Company, this Option will terminate immediately prior to the consummation of such proposed action or at such other time and subject to such other conditions as shall be determined by the Boardaction.
Appears in 1 contract
Samples: Non Qualified Stock Option Agreement (Systemsoft Corp)
Dissolution or Liquidation. In the event of the proposed dissolution or liquidation of the Company, this each Option will terminate immediately prior to the consummation of such proposed action or at such other time and subject to such other conditions as shall be determined by the BoardCommittee.
Appears in 1 contract
Dissolution or Liquidation. In the event of the proposed dissolution or liquidation of the Company, this Option will shall terminate immediately prior to the consummation of such proposed action or at such other time and subject to such other conditions as shall be determined by the BoardCommittee.
Appears in 1 contract
Dissolution or Liquidation. In the event of the proposed -------------------------- dissolution or liquidation of the Company, this each Option will terminate immediately prior to the consummation of such proposed action or at such other time and subject to such other conditions as shall be determined by the BoardCommittee.
Appears in 1 contract
Dissolution or Liquidation. In the event of the a proposed dissolution or liquidation of the Company, this the Option will terminate immediately prior to the consummation of such proposed action or at such other time and subject to such other conditions as shall be determined action, unless otherwise provided by the Board.
Appears in 1 contract
Samples: Stock Option Agreement (Smithway Motor Xpress Corp)
Dissolution or Liquidation. In the event of the proposed dissolution or liquidation of the Company, this to the extent that an Option had not been previously exercised, it will terminate immediately prior to the consummation of such proposed action or at such other time and subject to such other conditions as shall be determined by the Boardaction.
Appears in 1 contract
Dissolution or Liquidation. In the event of the proposed -------------------------- dissolution or liquidation of the Company, this to the extent that an Option will has not been previously exercised, it shall terminate immediately prior to the consummation of such proposed action or at such other time and subject to such other conditions as shall be determined by the Boardaction.
Appears in 1 contract
Dissolution or Liquidation. In the event of the proposed a dissolution or liquidation of the Company, this then the Option will shall terminate immediately prior to the consummation of such proposed action or at such other time and subject to such other conditions as shall be determined by the Boardevent.
Appears in 1 contract
Samples: Gentium S.p.A.
Dissolution or Liquidation. In the event of the proposed -------------------------- dissolution or liquidation of the Company, this Option the Options will terminate immediately prior to the consummation of such proposed action or at such other time and subject to such other conditions as shall be determined by the BoardBoard of Directors of the Company.
Appears in 1 contract
