Acceleration of Exercisability of Option. This Option shall become immediately and fully exercisable in the event that (a) the Option is terminated pursuant to Section 6(b)(i) hereof, (b) the Committee or the Board exercises its discretion to provide a cancellation notice with respect to the Option pursuant to Section 6(b)(ii) hereof, or (c) there is a Change in Control.
Appears in 4 contracts
Samples: Incentive Stock Option Agreement (Us Dataworks Inc), Nonstatutory Stock Option Agreement (Us Dataworks Inc), Incentive Stock Option Agreement (Us Dataworks Inc)
Acceleration of Exercisability of Option. This Option shall become immediately and fully exercisable in the event that (a) the Option is terminated pursuant to Section 6(b)(i) hereof, (b) the Committee Board or the Board Committee exercises its discretion to provide a cancellation notice with respect to the Option pursuant to Section 6(b)(ii) hereof, or (c) there is a Change in Control.
Appears in 4 contracts
Samples: Nonstatutory Stock Option Agreement (Us Dataworks Inc), Nonstatutory Stock Option Agreement (Us Dataworks Inc), Nonstatutory Stock Option Agreement (Us Dataworks Inc)
Acceleration of Exercisability of Option. This Option shall become immediately and fully exercisable in the event of a "Change in Control", as defined in Section 9(b) of the Plan, or in the event that (a) the Option is terminated pursuant to Section 6(b)(i) hereof, (b) the Committee or the Board exercises its discretion to provide a cancellation notice with respect to the Option pursuant to Section 6(b)(ii) 6 hereof, or (c) there is a Change in Control.
Appears in 1 contract
Samples: Stock Option Agreement (Sunglass Hut International Inc)
