Change of Control Adjustments. Upon the consummation of a Change of Control, any Option that is not continued, assumed (or substituted) by the Company (or surviving corporation or ultimate parent corporation in a Change of Control transaction) shall vest and become fully exercisable. All references to the number and class of shares covered by this Agreement, the exercise price per share of each Option, and other terms in this Agreement may be appropriately adjusted, in the discretion of the Committee, in the event of certain changes in capitalization, as set forth in Section 9 of the Plan.
Appears in 3 contracts
Samples: Executive Nonqualified Stock Option Agreement (Gatos Silver, Inc.), Agreement (Sunshine Silver Mining & Refining Corp), Executive Nonqualified Stock Option Agreement (SUNSHINE SILVER MINES Corp)
Change of Control Adjustments. Upon the consummation of a Change of Control, any Option that is not continued, assumed (or substituted) by the Company (or surviving corporation or ultimate parent corporation in a Change of Control transaction) shall vest and become fully exercisable. All references to the number and class of shares covered by this Agreement, the exercise price per share of each Option, and other terms in this Agreement may be appropriately adjusted, in the discretion of the Committee, in the event of certain changes in capitalization, as set forth in Section 9 of the Plan. 10.
Appears in 1 contract
Samples: Nonqualified Stock Option Agreement (Gatos Silver, Inc.)
