Common use of Termination and Change in Control Clause in Contracts

Termination and Change in Control. The provisions in the Plan regarding Termination and Change in Control shall apply to the Option except that (a) the Option may be exercised by the Participant within 90 days after any voluntary Termination and within 180 days after a Termination on account of death or Disability; and (b) if the application of Plan provisions regarding Termination and Change in Control confers upon the Participant additional benefits (within the meaning of Treasury Regulation Section 1.424-1), the corresponding provisions in the Predecessor Option Agreement will apply instead.

Appears in 5 contracts

Samples: Agreement (Smart & Final Stores, Inc.), Agreement (Smart & Final Stores, Inc.), Agreement (Smart & Final Stores, Inc.)

AutoNDA by SimpleDocs

Termination and Change in Control. The provisions in the Plan regarding Termination and Change in Control shall apply to the Option except that (a) the Option may be exercised by the Participant within 90 days after any voluntary Termination and within 180 days after a Termination on account of death or Disability; and (b) if the application of Plan provisions regarding Termination and Change in Control confers upon the Participant additional benefits (within the meaning of Treasury Regulation Section 1.424-1), the corresponding provisions in the Predecessor Option Agreement will apply instead.

Appears in 1 contract

Samples: Agreement (Smart & Final Stores, Inc.)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.