Common use of Merger, Consolidation, Reorganization, Liquidation, etc Clause in Contracts

Merger, Consolidation, Reorganization, Liquidation, etc. If the Company shall become a party to any corporate merger, consolidation, major acquisition of property for stock, reorganization, or liquidation, the Board of Directors shall, acting in its absolute and sole discretion, make such arrangements, which shall be binding upon the Participant of outstanding Awards, including but not limited to, the substitution of new Awards or for any Awards then outstanding, the assumption of any such Awards and the termination of or payment for such Awards.

Merger, Consolidation, Reorganization, Liquidation, etc. If the Company shall become a party to any corporate merger, consolidation, major acquisition of property for stock, reorganization, or liquidation, the Board of Directors shall, acting in its absolute and sole discretion, make such arrangements, which shall be binding upon the Participant Recipient of outstanding AwardsShares not yet delivered, including but not limited to, for the substitution of a new Awards award or for any Awards then outstanding, the assumption of any such Awards and the termination of or payment for such Awardsother contractual rights with regard to this award.

Merger, Consolidation, Reorganization, Liquidation, etc. If the Company shall become a party to any corporate merger, consolidation, major acquisition of property for stock, reorganization, or liquidation, the Board of Directors shall, acting in its absolute and sole discretion, make such arrangements, which shall be binding upon the Participant Recipient of outstanding Awardsunexpired Stock Option rights or Shares not yet delivered, including but not limited to, for the substitution of a new Awards award or for any Awards then outstanding, the assumption of any other contractual rights with regard to such Awards and the termination of or payment for such AwardsAward.

Merger, Consolidation, Reorganization, Liquidation, etc. If the Company shall become a party to any corporate merger, consolidation, major acquisition of property for stock, reorganization, or liquidation, the Board of Directors shall, acting in its absolute and sole discretion, make such arrangements, which shall be binding upon the Participant Exhibit 1 JUNE 30, 2005 Recipient of outstanding Awardsunexpired Stock Option rights or Shares not yet delivered, including but not limited to, for the substitution of a new Awards award or for any Awards then outstanding, the assumption of any such Awards and the termination of or payment for such Awardsother contractual rights with regard to this award.

Merger, Consolidation, Reorganization, Liquidation, etc. If the Company shall become a party to any corporate merger, consolidation, major acquisition of property for stock, reorganization, or liquidation, the Board of Directors shall, acting in its absolute and sole discretion, make such arrangements, which shall be binding upon the Participant Recipient of outstanding Awardsunexpired Stock Option rights or Shares not yet delivered, including but not limited to, for the substitution of a new Awards award or for any Awards then outstanding, the assumption of any such Awards and the termination of or payment for such Awardsother contractual rights with regard to this award.