Common use of Consolidation, Merger or Sale of the Company Clause in Contracts

Consolidation, Merger or Sale of the Company. If the Company is a party to a consolidation, merger or transfer of assets which effects a change in control of the Company involving at least 51% of its voting 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 Options shall automatically become exercisable for the kind and amount of securities, cash or other assets which the holder of 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.

Consolidation, Merger or Sale of the Company. If the Company is a party to a consolidation, merger or transfer of assets which effects a change in control of the Company involving at least 51% of reclassifies or changes its voting stockoutstanding 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 Options Option shall automatically vest 100% and become exercisable for the kind and amount of securities, cash or other assets which the holder of Shares 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.

Consolidation, Merger or Sale of the Company. If the Company is a party to a consolidation, merger or transfer of assets which effects a change in control of the Company involving at least 51% of reclassifies or changes its voting stockoutstanding 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 Options Option shall automatically become exercisable for the kind and amount of securities, cash or other assets which the holder of Shares 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.

Consolidation, Merger or Sale of the Company. If the Company --------------------------------------------- is a party to a consolidation, merger or transfer of assets which effects a change in control of the Company involving at least 51% of reclassifies or changes its voting stockoutstanding 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 Options Option shall automatically become exercisable for the kind and amount of securities, cash or other assets which the holder of Shares 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.