Related Entity Disposition definition
Examples of Related Entity Disposition in a sentence
The Option shall be subject to the provisions of Section 11 of the Plan relating to the ---------- exercisability or termination of the Option in the event of a Corporate Transaction, Change in Control or Related Entity Disposition.
In the event of a Corporate Transaction or Related Entity Disposition in which the Company is the surviving corporation, the Administrator shall determine the appropriate adjustment of the number and kind of securities with respect to which outstanding Options may be exercised, and the exercise price at which outstanding Options may be exercised.
In addition to the foregoing, in the event of a dissolution or liquidation of the Company, or a Corporate Transaction or Related Entity Disposition in which the Company is not the surviving corporation, the Administrator, in its absolute discretion, may accelerate the time within which the Option may be exercised.
The Option shall be subject to the provisions of Section 11 of the Plan relating to the exercisability or termination of the Option in the event of a Corporate Transaction or Related Entity Disposition.
The Board of Directors of the --------------------------------- Company has considered the valuable contribution Executive has provided to the Company and have approved and ratified that the Agreement be amended to provide Executive with certain additional benefits in the event Executive's employment is terminated as a result of, or in connection with, a Corporate Transaction, Change in Control or Related Entity Disposition (as each such capitalized term is defined hereinbelow).