Compelled Exercise of Options Sample Clauses

Compelled Exercise of Options. Unless otherwise determined by the Committee in the manner set forth in Section 5(b), in the event of a Change of Control, the Company shall have the right (exercisable upon written notice to the Employee) to compel the Employee to exercise the Employee’s Options; provided, however, that any Options with an Option Price in excess of the Change in Control Price shall be immediately canceled in lieu of such compelled exercise.