Notice of Triggering Event. The Company shall notify Grantee in writing as promptly as practicable, and in any event within 24 hours, of the occurrence of any Triggering Event, it being understood that the giving of such notice by the Company shall not be a condition to the right of Grantee to exercise the Option or for a Triggering Event to have occurred.
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Samples: Agreement and Plan of Merger (Unitrode Corp), Stock Option Agreement (Unitrode Corp), Agreement and Plan of Merger (Benchmarq Microelectronics Inc)
Notice of Triggering Event. The Company shall notify Grantee in writing as promptly as practicable, and in any event within 24 hours, practicable following the Company becoming aware of the occurrence of any Triggering Event, it being understood that the giving of such notice by the Company shall not be a condition to the right of Grantee to exercise the Option or for a Triggering Event to have occurred.
Appears in 2 contracts
Samples: Stock Option Agreement (Medco Research Inc), Stock Option Agreement (King Pharmaceuticals Inc)
Notice of Triggering Event. The Company shall notify Grantee in writing as promptly as practicable, and in any event within 24 hours, practicable following its becoming aware of the occurrence of any Triggering Event, it being understood that the giving of such notice by the Company shall not be a condition to the right of Grantee to exercise the Option or for a Triggering Event to have occurred.
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