Accelerated Vesting and Payment. Unless the Board shall otherwise determine in the manner set forth in Section 8(b), in the event of a Change in Control, the Options shall be canceled in exchange for a payment in cash of an amount equal to the product of (i) the excess, if any, of the Change in Control Price over the Option Price multiplied by (ii) the number of Shares then subject to the Options.
Appears in 4 contracts
Samples: Management Stock Option Agreement (Raci Holding Inc), Management Stock Option Agreement (Remington Arms Co Inc/), Management Stock Option Agreement (Raci Holding Inc)
Accelerated Vesting and Payment. Unless the Board shall otherwise ------------------------------- determine in the manner set forth in Section 8(b), in the event of a Change in Control, the Options shall be canceled in exchange for a payment in cash of an amount equal to the product of (i) the excess, if any, of the Change in Control - Price over the Option Price multiplied by (ii) the number of Shares then subject -- to the Options.
Appears in 1 contract
Samples: Management Stock Option Agreement (Raci Holding Inc)
Accelerated Vesting and Payment. Unless the Board shall otherwise determine in the manner set forth in Section 8(b), in the event of a Change in Control, the Options shall be canceled in exchange for a payment in cash of an amount equal to the product of (i) the excess, if any, of the Change in Control Price over the Option Price multiplied by (ii) the number of Shares then subject to the Options.amount
Appears in 1 contract
Samples: Management Stock Option Agreement (Raci Holding Inc)
