Common use of Termination Within One Year After Change of Control Clause in Contracts

Termination Within One Year After Change of Control. In the event that Participant shall cease to be an employee or independent contractor of the Company or any of its subsidiaries (such event shall be referred to herein as the “Termination” of Participant’s “Employment”) for any reason, or for no reason, within one year after a Change of Control (as hereinafter defined), then (A) the portion of the Option that has not vested on or prior to the date of such Termination of Employment shall fully vest on such date and (B) the Option shall terminate upon the earlier of the Expiration Date or the first anniversary of the date of such Termination of Employment. “Change of Control” shall mean the first to occur of the following events:

Appears in 15 contracts

Samples: 1996 Employee Stock Incentive Plan (Keystone Automotive Industries Inc), 1996 Employee Stock Incentive Plan (Keystone Automotive Industries Inc), 1996 Employee Stock Incentive Plan (Keystone Automotive Industries Inc)

AutoNDA by SimpleDocs

Termination Within One Year After Change of Control. In the event that Participant Employee shall cease to be an employee or independent contractor of the Company or any of its subsidiaries (such event shall be referred to herein as the "Termination" of Participant’s “Employee's "Employment") for any reason, or for no reason, within one year after a Change of Control (as hereinafter defined), then (A) the portion of the Option that has not vested on or prior to the date of such Termination of Employment shall fully vest on such date and (B) the Option shall terminate upon the earlier of the Expiration Date or the first anniversary of the date of such Termination of Employment. "Change of Control" shall mean the first to occur of the following events:

Appears in 4 contracts

Samples: Stock Option Agreement (Paula Financial), Stock Option Agreement (Paula Financial), Stock Option Agreement (Paula Financial)

Termination Within One Year After Change of Control. In the event that Participant Employee shall cease to be an employee or independent contractor of the Company or any of its subsidiaries (such event shall be referred to herein as the "Termination" of Participant’s “Employee's "Employment") for any reason, or for no reason, within one year after a Change of Control (as hereinafter defined), then (A) the portion of the Option that has not vested on or prior to the date of such Termination of Employment shall fully vest on such date and (B) the Option shall terminate upon the earlier of the Expiration Date or the first anniversary of the date of such Termination of Employment. "Change of Control" shall mean the first to occur of the following events:

Appears in 2 contracts

Samples: Stock Option Agreement (Altris Software Inc), 1994 Stock Incentive Plan (Aftermarket Technology Corp)

Termination Within One Year After Change of Control. In the event that Participant Grantee shall cease to be an employee or independent contractor of the Company or any of its subsidiaries (such event shall be referred to herein as the "Termination" of Participant’s “Grantee's "Employment") for any reason, or for no reason, within one year after a Change of Control (as hereinafter defined), then (A) the portion of the Option that has not vested on or prior to the date of such Termination of Employment shall fully vest on such date and (B) the Option shall terminate upon the earlier of the Expiration Date or the first anniversary of the date of such Termination of Employment. "Change of Control" shall mean the first to occur of the following events:

Appears in 2 contracts

Samples: Data Documents Incorporated (Data Documents Inc), Incentive Stock Option Agreement (Lithia Motors Inc)

Termination Within One Year After Change of Control. In the event that Participant Grantee shall cease to be an employee or independent contractor sales representative of the Company or any of its subsidiaries (such event shall be referred to herein as the "Termination" of Participant’s “Grantee's "Employment") for any reason, or for no reason, within one year after a Change of Control (as hereinafter defined), then (A) the portion of the Option that has not vested on or prior to the date of such Termination of Employment shall fully vest on such date and (B) the Option shall terminate upon the earlier of the Expiration Date or the first anniversary of the date of such Termination of Employment. "Change of Control" shall mean the first to occur of the following events:

Appears in 2 contracts

Samples: Non Qualified Stock Option Agreement (Lithia Motors Inc), Data Documents Incorporated (Data Documents Inc)

Termination Within One Year After Change of Control. In the event that Participant shall cease to be an employee or independent contractor of consultant to the Company or any of its subsidiaries (such event shall be referred to herein as the "Termination" of Participant’s “'s "Employment") for any reason, or for no reason, within one year after a Change of Control (as hereinafter defined), then (A) the portion of the Option that has not vested on or prior to the date of such Termination of Employment shall fully vest on such date and (B) the Option shall terminate upon the earlier of the Expiration Date or the first anniversary of the date of such Termination of Employment. "Change of Control" shall mean the first to occur of the following events:

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Aftermarket Technology Corp)

Termination Within One Year After Change of Control. In the event that Participant shall cease to be an employee or independent contractor consultant of the Company or any of its subsidiaries (such event shall be referred to herein as the "Termination" of Participant’s “'s "Employment") for any reason, or for no reason, within one year after a Change of Control (as hereinafter defined), then (A) the portion of the Option that has not vested on or prior to the date of such Termination of Employment shall fully vest on such date and (B) the Option shall terminate upon the earlier of the Expiration Date or the first anniversary of the date of such Termination of Employment. "Change of Control" shall mean the first to occur of the following events:

Appears in 1 contract

Samples: Stock Option Agreement (Altris Software Inc)

AutoNDA by SimpleDocs

Termination Within One Year After Change of Control. In the event that Participant shall cease to be an employee or independent contractor of the Company or any of its subsidiaries (such event shall be referred to herein as the "Termination" of Participant’s “'s "Employment") for any reason, or for no reason, within one year after a Change of Control (as hereinafter defined), then (A) the portion of the Option that has not vested on or prior to the date of such Termination of Employment shall fully vest on such date and (B) the Option shall terminate upon the earlier of the Expiration Date or the first anniversary of the date of such Termination of Employment. "Change of Control" shall mean the first to occur of the following events:

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Keystone Automotive Industries Inc)

Termination Within One Year After Change of Control. In the --------------------------------------------------- event that Participant Employee shall cease to be an employee or independent contractor of the Company or any of its subsidiaries (such event shall be referred to herein as the "Termination" of Participant’s “Employee's "Employment") for any reason, or for no reason, within one year after a Change of Control (as hereinafter defined), then (A) the portion of the Option that has not vested on or prior to the date of such Termination of Employment shall fully vest on such date and (B) the Option shall terminate upon the earlier of the Expiration Date or the first anniversary of the date of such Termination of Employment. "Change of Control" shall mean the first to occur of the following events:

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Keystone Automotive Industries Inc)

Termination Within One Year After Change of Control. In the --------------------------------------------------- event that Participant shall cease to be an employee or independent contractor of the Company or any of its subsidiaries (such event shall be referred to herein as the "Termination" of Participant’s “'s "Employment") for any reason, or for no reason, within one year after a Change of Control (as hereinafter defined), then (A) the portion of the Option that has not vested on or prior to the date of such Termination of Employment shall fully vest on such date and (B) the Option shall terminate upon the earlier of the Expiration Date or the first anniversary of the date of such Termination of Employment. "Change of Control" shall mean the first to occur of the following events:

Appears in 1 contract

Samples: Qualified Stock Option Agreement (Keystone Automotive Industries Inc)

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