Certain Divestitures Clause Samples
Certain Divestitures. If the Committee determines that your employment with the Company or any of its Subsidiaries has terminated in connection with a sale, divestiture, spin-off or other similar transaction involving a Subsidiary, division or business segment or unit, the Committee may provide (1) that any or all of your Options will become exercisable just as if you had continued in the employ of the Company or any of its Subsidiaries, and (2) that you may exercise your Options at any time until the close of business on February 18, 2012, or within three years after the termination of your employment, whichever occurs first. Any of your Options that are not exercised within that period will be forfeited.
Certain Divestitures. Since January 1, 1998, Adaptive has sold -------------------- all of the businesses and other assets listed on Schedule 3.2(q) of the Adaptive Disclosure Schedule (the "Divested Businesses"). Set forth on Section 3.2(q) of ------------------- the Adaptive Disclosure Schedule is a list of all material agreements, arrangements and understandings to which Adaptive or any of its Subsidiaries is a party or pursuant to which they may have any obligations or liabilities (whether absolute, contingent or otherwise and whether or not required to be set forth or reflected in a consolidated balance sheet of Adaptive prepared in accordance with GAAP) relating to the
Certain Divestitures