Common use of Possible Early Termination of Option Clause in Contracts

Possible Early Termination of Option. To the extent the Option is vested (after giving effect to any acceleration pursuant to Section 6(b)) and not exercised in connection with or prior to (1) a dissolution of the Corporation, (2) an event described in Section 6(a) that the Corporation does not survive, or (3) the consummation of a Change in Control Event approved by the Board, the Option shall terminate, subject to any provision that has been made by the Corporation through a plan or reorganization or otherwise for the substitution, assumption, exchange or other settlement of the Option.

Possible Early Termination of Option. To the extent If the Option has been fully accelerated under Section 8.2 or has otherwise become exercisable but is vested (after giving effect to any acceleration pursuant to Section 6(b)) and not exercised in connection with or prior to or simultaneously with (1i) a dissolution of the CorporationCompany, or (2ii) an event described in Section 6(a8.2(a) that the Corporation Company does not survive, or (3iii) the consummation of an event described in Section 8.2(a) that results in a Change in Control Event change of control approved by the Board, the Option shall thereupon terminate, subject to any provision that has been expressly made by the Corporation through a plan or reorganization or otherwise Board for the survival, substitution, assumption, exchange or other settlement of the Option.

Possible Early Termination of Option. To the extent the Option is vested (after giving effect to any acceleration pursuant to Section 6(b)) and not exercised in connection with or prior to (1a) a dissolution of the CorporationCompany, (2b) an event described in Section 6(a) 5.1 that the Corporation Company does not survive, or (3c) the consummation of a Change in Control Event approved by the BoardCompany Sale, the Option shall terminate, subject to any provision that has been made by the Corporation Company through a plan or of reorganization or otherwise for the substitution, assumption, exchange or other settlement of the Option.