Acceleration of Option. Notwithstanding any other provision of this Agreement to the contrary, the Option granted hereby shall become immediately exercisable upon the occurrence of a Change in Control (as hereinafter defined) of the Corporation if Optionee is an employee of the Corporation or any of its subsidiaries on the date of the consummation of such Change in Control. For purposes of this Section 4.2, a “Change in Control” means the occurrence of any of the following events:
Acceleration of Option. Notwithstanding Section 3, but subject to earlier termination, the Option granted hereby shall become immediately exercisable in full in the event of a Change of Control.
Acceleration of Option. (i) The Committee, in its sole discretion, may accelerate the exercisability of the Option at any time and for any reason.
Acceleration of Option. The Option shall become fully exercisable ---------------------- immediately prior to a Change in Control. A Change in Control shall mean the following: a reorganization, merger (not including a merger to effectuate a reincorporation of the Company) or consolidation of the Company as a result of which the outstanding securities of the class then subject to this Plan are exchanged for or converted into cash, property and/or securities not issued by the Company.
Acceleration of Option. Disability. This Option may be exercised in full (notwithstanding the Exercise Schedule) if the Optionee becomes totally and permanently disabled (as defined in Code section 22(e)(3)) while employed with the Company or an Affiliate.
Acceleration of Option. The Option granted hereby shall become immediately exercisable upon the occurrence of a Change of Control if Optionee is an employee of the Company or any Subsidiary on the date of the consummation of such Change of Control.
Acceleration of Option. This Option may be exercised in full, regardless of whether such exercise occurs prior to a date on which this Option would otherwise vest, upon termination of the Optionee’s employment with the Company and any parent or subsidiary thereof due to the death or Disability of the Optionee; provided that the Optionee has been continuously employed by the Company or a parent or subsidiary thereof between the date of this Agreement and the date of such death or Disability.
Acceleration of Option. In the event of a Change of Control, the Option granted hereby shall become immediately exercisable in full. For purposes of this Agreement, "Change of Control" means the occurrence of any of the following events:
Acceleration of Option. In the event that the COMPANY or its shareholders enter into one or more agreements to dispose of all or substantially all of the assets or fifty percent (50%) or more of the outstanding capital stock of the COMPANY by means of sale (whether as a result of a tender offer or otherwise), merger, reorganization or liquidation in one or a series of related transactions (each, an "ACCELERATION EVENT"), then the OPTION shall become exercisable during the fifteen (15) days immediately prior to the scheduled consummation of the ACCELERATION EVENT with respect to the full number of COMMON SHARES subject to the OPTION. Upon consummation of the ACCELERATION EVENT, the OPTION, whether or not accelerated, will terminate and cease to be exercisable, unless assumed by the successor corporation or parent thereof.
Acceleration of Option. The Option shall become fully exercisable immediately prior to a Change in Control. A Change in Control shall be deemed to take place upon the occurrence of any of the following:
