Consolidation, Merger or Sale of the Company. If the Company is a party to a consolidation, merger or transfer of assets which reclassifies or changes its outstanding Common Stock, the successor corporation (or corporation controlling the successor corporation or the Company, as the case may be) shall by operation of law assume the Company’s obligations under this Agreement. Upon consummation of such transaction the Option shall automatically vest 100% and become exercisable for the kind and amount of securities, cash or other assets which the holder of the Option would have owned immediately after the consolidation, merger or transfer if the holder had exercised the Option immediately before the effective date of such transaction.
Appears in 3 contracts
Samples: Stock Option Agreement (High Plains Gas, Inc.), Stock Option Agreement (High Plains Gas, Inc.), Stock Option Agreement (High Plains Gas, Inc.)
Consolidation, Merger or Sale of the Company. If the Company is a party to a consolidation, merger or transfer of assets which reclassifies or changes effects a change in control of the Company involving at least 51% of its outstanding Common Stockvoting stock, the successor corporation (or corporation controlling the successor corporation or the Company, as the case may be) ), shall by operation of law assume the Company’s 's obligations under this Agreement. Upon consummation of such transaction the Option Options shall automatically vest 100% and become exercisable for the kind and amount of securities, cash or other assets which the holder of the Option Shares would have owned immediately after the consolidation, merger or transfer if the holder had exercised the Option immediately before the effective date of such transaction.
Appears in 3 contracts
Samples: Option Certificate and Agreement (Game Plan Holdings, Inc.), Consulting Agreement (Game Plan Holdings, Inc.), Consulting Agreement (Game Plan Holdings, Inc.)
Consolidation, Merger or Sale of the Company. If the Company is -------------------------------------------- a party to a consolidation, merger or transfer of assets which reclassifies or changes its outstanding Common Stock, the successor corporation (or corporation controlling the successor corporation or the Company, as the case may be) shall by operation of law assume the Company’s 's obligations under this AgreementWarrant. Upon consummation of such transaction the Option this Warrant shall automatically vest 100% and become exercisable for the kind and amount of securities, cash or other assets which the holder of the Option this Warrant would have owned immediately after the consolidation, merger or transfer if the holder had exercised the Option this Warrant immediately before the effective date of such transaction.
Appears in 1 contract
Samples: Warrant (Sunstar Healthcare Inc)
Consolidation, Merger or Sale of the Company. If the Company is a -------------------------------------------- party to a consolidation, merger or transfer of assets which reclassifies or changes its outstanding Common Stock, the successor corporation (or corporation controlling the successor corporation or the Company, as the case may be) shall by operation of law assume the Company’s 's obligations under this AgreementWarrant. Upon consummation of such transaction the Option this Warrant shall automatically vest 100% and become exercisable for the kind and amount of securities, cash or other assets which the holder of the Option this Warrant would have owned immediately after the consolidation, merger or transfer if the holder had exercised the Option this Warrant immediately before the effective date of such transaction.
Appears in 1 contract
Samples: Warrant (Sunstar Healthcare Inc)
Consolidation, Merger or Sale of the Company. If the Company --------------------------------------------- is a party to a consolidation, merger or transfer of assets which reclassifies or changes its outstanding Common Stock, the successor corporation (or corporation controlling the successor corporation or the Company, as the case may be) shall by operation of law assume the Company’s 's obligations under this Agreement. Upon consummation of such transaction the Option shall automatically vest 100% and become exercisable for the kind and amount of securities, cash or other assets which the holder of the Option would have owned immediately after the consolidation, merger or transfer if the holder had exercised the Option immediately before the effective date of such transaction.
Appears in 1 contract
Consolidation, Merger or Sale of the Company. If the Company is a party to a consolidation, merger or transfer of assets which reclassifies or changes its outstanding Common Stock, the successor corporation (or corporation controlling the successor corporation or the Company, as the case may be) shall by operation of law assume the Company’s 's obligations under this Agreement. Upon consummation of such transaction the Option shall automatically vest 100% and become exercisable for the kind and amount of securities, cash or other assets which the holder of the Option would have owned immediately after the consolidation, merger or transfer if the holder had exercised the Option immediately before the effective date of such transaction.
Appears in 1 contract