Automatic Acceleration and Cash-Out. Subject to Section 12, upon a Change in Control that results directly or indirectly in the Common Stock (or the stock of any successor the Company received in exchange for Common Stock) ceasing to be publicly traded on a national securities market at any time, (i) this Option shall automatically become one hundred percent (100%) vested immediately with respect to the Option Shares, (ii) no other terms, conditions, restrictions or limitations shall be imposed upon this Option after such date, and in no circumstance shall this Option be forfeited on or after such date, and (iii) this Option shall be valued and cashed out on the basis of the Change in Control Price.
Appears in 23 contracts
Samples: Non Qualified Stock Option Agreement (Renal Care Group Inc), Non Qualified Stock Option Agreement (Renal Care Group Inc), Non Qualified Stock Option Agreement (Renal Care Group Inc)
