Cash Out. If a Change in Control should occur, the Committee may, in its discretion, cancel the Option and pay to you an amount equal to the excess, if any, of the Fair Market Value of the Common Stock as of the date of the Change in Control over the Exercise Price of the Option. Notwithstanding the foregoing, if at the time of a Change in Control the Exercise Price of the Option equals or exceeds the price paid for a share of Common Stock in connection with the Change in Control, the Committee may cancel the Option without the payment of consideration therefor.
Appears in 5 contracts
Samples: Stock Option Agreement (B&G Foods, Inc.), Stock Option Agreement (B&G Foods, Inc.), Non Employee Director Stock Option Agreement (B&G Foods, Inc.)
