Accounting Compliance. Participant agrees that, in the event a Change of Control occurs and Participant is an “affiliate” of the Company or any Subsidiary (as defined in applicable legal and accounting principles) at the time of such Change of Control, Participant will comply with all requirements of Rule 145 of the Securities Act of 1933, as amended, and the requirements of such other legal or accounting principles, and will execute any documents necessary to ensure such compliance. For purposes of this Agreement, the term “Change of Control” shall have the meaning set forth in Article III above.
Appears in 4 contracts
Samples: Executive Incentive Stock Option Agreement (Broadwind Energy, Inc.), Incentive Stock Option Agreement (Tower Tech Holdings Inc.), Executive Incentive Stock Option Agreement (Broadwind Energy, Inc.)
