Common use of Impact of Change in Control Clause in Contracts

Impact of Change in Control. In the event that a Change in Control occurs prior to the termination of the Optionee’s employment with the Company, this Section 16 shall be void and of no further force and effect from and after the Change in Control.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Wilson Bank Holding Co)

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Impact of Change in Control. In the event that a Change in Control occurs prior to the termination of the OptioneeGrantee’s employment with the Company, this Section 16 shall be void and of no further force and effect from and after the Change in Control.

Appears in 1 contract

Samples: Stock Appreciation Right Agreement (Wilson Bank Holding Co)

Impact of Change in Control. In the event that a Change in Control occurs prior to (or immediately following) the termination of the OptioneeGrantee’s employment with service as a director of the Company, this Section 16 15 shall be void and of no further force and effect from and after the Change in Control.

Appears in 1 contract

Samples: Stock Appreciation Right Agreement (Wilson Bank Holding Co)

Impact of Change in Control. In the event that a Change in Control occurs prior to the termination of the Optionee’s employment with the Company or service as a director of the Company, this Section 16 shall be void and of no further force and effect from and after the Change in Control.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Wilson Bank Holding Co)

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Impact of Change in Control. In the event that a Change in Control occurs prior to the termination of the OptioneeGrantee’s employment with the Company or service as a director of the Company, this Section 16 shall be void and of no further force and effect from and after the Change in Control.

Appears in 1 contract

Samples: Settled Stock Appreciation Right Agreement (Wilson Bank Holding Co)

Impact of Change in Control. In the event that a Change in Control occurs prior to (or immediately following) the termination of the Optionee’s employment with service as a director of the Company, this Section 16 shall be void and of no further force and effect from and after the Change in Control.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Wilson Bank Holding Co)

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