Sale Event. Upon a Sale Event, this Stock Option shall become exercisable in accordance with the exercisability schedule set forth above to the extent the Sale Price (as defined in Section 1 of the Plan) exceeds the applicable Hurdle Price. Notwithstanding the foregoing, in the event the Sale Event is a stock transaction such that the then-existing investors of the Company have a continuing interest in the acquiring company, the parties will use good faith efforts to provide the same economics to the Optionee with respect to this Stock Option.
Appears in 7 contracts
Samples: Non Qualified (Northeast Bancorp /Me/), Stock Option Agreement (Northeast Bancorp /Me/), Non Qualified Performance (Northeast Bancorp /Me/)
