Common use of Change in Control; Retirement Clause in Contracts

Change in Control; Retirement. Notwithstanding the other provisions of this Agreement, upon a Change in Control of the Corporation (as defined in the Corporation's 1997 Incentive Compensation Plan) or the retirement of the director, the Optionee shall have the right to exercise the Option in full as to all Option Shares subject to the Option.

Appears in 5 contracts

Samples: Nonqualified Stock Option Agreement (Ventas Inc), Nonqualified Stock Option Agreement (Ventas Inc), Nonqualified Stock Option Agreement (Ventas Inc)

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