Common use of Change of Corporate Control Clause in Contracts

Change of Corporate Control. (a) Notwithstanding Sections 3, 4, 5, 6, 7 and 8, and in the event that there is “Change of Control” as defined in this Section 10, of BB&T subsequent to the date hereof, the Option shall (subject to the terms of Section 10(c) herein) become fully vested and fully exercisable as of the effective date of such event without regard to the installment exercise limitations set forth in Section 3(b).

Appears in 9 contracts

Samples: Nonqualified Option Agreement (Bb&t Corp), Nonqualified Option Agreement (Bb&t Corp), Nonqualified Option Agreement (Bb&t Corp)

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Change of Corporate Control. (a) Notwithstanding Sections Subject to paragraphs 3, 4, 5, 6, 7 and 87, and in the event that there is “Change of Control,” as defined in this Section 10paragraph 9, of BB&T subsequent to the date hereof, the Option shall (subject to the terms of Section 10(cparagraph 9(c)) herein) become fully vested and fully exercisable as of the effective date of such event without regard to the installment exercise limitations set forth in Section 3(bparagraph 2(b).

Appears in 2 contracts

Samples: Nonqualified Stock Option Agreement (Bb&t Corp), Nonqualified Stock Option Agreement (Bb&t Corp)

Change of Corporate Control. (a) Notwithstanding Sections 3, 4, 5, 6, 7 6 and 87, and in the event that there is “Change of Control” as defined in this Section 109, of BB&T subsequent to the date hereof, the Option shall (subject to the terms of Section 10(c) herein) become fully vested and fully exercisable as of the effective date of such event without regard to the installment exercise limitations set forth in Section 3(b).

Appears in 1 contract

Samples: 2004 Stock Incentive Plan (Bb&t Corp)

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Change of Corporate Control. (a) Notwithstanding Sections 3, 4, 5, 6, 7 and 8, and in the event that there is “Change of Control” as defined in this Section 109, of BB&T subsequent to the date hereof, the Option shall (subject to the terms of Section 10(c) herein) become fully vested and fully exercisable as of the effective date of such event without regard to the installment exercise limitations set forth in Section 3(b).

Appears in 1 contract

Samples: Agreement (Bb&t Corp)

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