Common use of Reorganization in Which the Company Is the Surviving Entity Clause in Contracts

Reorganization in Which the Company Is the Surviving Entity. Subject to Section 8.3, if the Company shall be the surviving entity in any reorganization, merger or consolidation of the Company with one or more other entities, the Option shall pertain to and apply to the securities to which a holder of the number of Shares subject to the Option would have been entitled immediately following such reorganization, merger or consolidation, with a corresponding proportionate adjustment of the Option Price per Share so that the aggregate Option Price thereafter shall be the same as the aggregate Option Price of the Shares remaining subject to the Option immediately prior to such reorganization, merger or consolidation.

Appears in 2 contracts

Samples: Share Option Agreement (Colonial Properties Trust), Share Option Agreement (Colonial Properties Trust)

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Reorganization in Which the Company Is the Surviving Entity. Subject to Section 8.39.2, if the Company shall be the surviving entity in any reorganization, merger or consolidation of the Company with one or more other entities, the Option shall pertain to and apply to the securities to which a holder of the number of Shares subject to the Option would have been entitled immediately following such reorganization, merger or consolidation, with a corresponding proportionate adjustment of the Option Price per Share share so that the aggregate Option Price thereafter shall be the same as the aggregate Option Price of the Shares remaining subject to the Option immediately prior to such reorganization, merger or consolidation.

Appears in 1 contract

Samples: Option Agreement (Doctors Health System Inc)

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Reorganization in Which the Company Is the Surviving Entity. Subject to Section 8.39.3, if the Company shall be the surviving entity in any reorganization, merger or consolidation of the Company with one or more other entities, the Option shall pertain to and apply to the securities to which a holder of the number of Shares subject to the Option would have been entitled immediately following such reorganization, merger or consolidation, with a corresponding proportionate adjustment of the Option Price per Share so that the aggregate Option Price thereafter shall be the same as the aggregate Option Price of the Shares remaining subject to the Option immediately prior to such reorganization, merger or consolidation.

Appears in 1 contract

Samples: Incentive Share Option Agreement (Guilford Pharmaceuticals Inc)

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