Common use of Certain Other Transactions Clause in Contracts

Certain Other Transactions. In the event of (i) a dissolution or liquidation of the Company, (ii) a sale of all or substantially all of the Company's assets, (iii) a merger or consolidation involving the Company in which the Company is not the surviving corporation or (iv) a merger or consolidation involving the Company in which the Company is the surviving corporation but the holders of shares of Company Stock receive securities of another corporation and/or other property, including cash, the Board shall, in its absolute discretion, have the power to:

Appears in 2 contracts

Samples: Stock Option and Stockholders' Agreement (Ogara Co /Oh/), Stock Option and Stockholders' Agreement (Ogara Co /Oh/)

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Certain Other Transactions. In the event of (i) a dissolution or liquidation of the Company, (ii) a sale of all or substantially all of the Company's assets, (iii) a merger or consolidation involving the Company in which the Company is not the surviving corporation or (iv) a merger or consolidation involving the Company in which the Company is the surviving corporation but the holders of shares of Company Common Stock receive securities of another corporation and/or other property, including cash, the Company's Board of Directors or a committee thereof shall, in its absolute discretion, have the power to:

Appears in 2 contracts

Samples: Stock Option Agreement (Texoil Inc /Nv/), Stock Option Agreement (Texoil Inc /Nv/)

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