Corporate Reorganization. If there shall be any capital reorganization or consolidation or merger of the Corporation with another corporation or corporations, or any sale of all or substantially all of the Corporation’s properties and assets to any other corporation, the Corporation shall take such action as may be necessary to enable the Optionee to receive upon any subsequent exercise of such option, in whole or in part, in lieu of shares of Common Stock, securities or other assets as were issuable or payable upon such reorganization, consolidation, merger or sale in respect of, or in exchange for such shares of Common Stock.
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Samples: Non Employee Directors’ Stock Option Agreement (Wise Brion G), Non Employee Directors’ Stock Option Agreement (Wise Brion G), Non Employee Directors’ Stock Option Agreement (Wise Brion G)
Corporate Reorganization. If there shall be any capital reorganization or consolidation or merger of the Corporation with another corporation or corporations, or any sale of all or substantially all of the Corporation’s 's properties and assets to any other corporationcorporations, the Corporation shall take such action as may be necessary to enable the Optionee to receive upon any subsequent exercise of such option, in whole or in part, in lieu of shares of Common Stock, securities or other assets as were issuable or payable upon such reorganization, consolidation, merger or sale in respect of, or in exchange for such shares of Common Stock.
Appears in 2 contracts
Samples: Employment Agreement (Western Gas Resources Inc), Employment Agreement (Western Gas Resources Inc)
Corporate Reorganization. If there shall be any capital reorganization or consolidation or merger of the Corporation with another corporation or corporations, or any sale of all or substantially all of the Corporation’s 's properties and assets to any other corporation, the Corporation shall take such action as may be necessary to enable the Optionee to receive upon any subsequent exercise of such option, in whole or in part, in lieu of shares of Common Stock, securities or other assets as were issuable or payable upon such reorganization, consolidation, merger or sale in respect of, or in exchange for such shares of Common Stock.
Appears in 2 contracts
Samples: Non Employee Directors' Stock Option Agreement (Western Gas Resources Inc), Non Employee Directors' Stock Option Agreement (Western Gas Resources Inc)
Corporate Reorganization. If there shall be any capital reorganization or consolidation or merger of the Corporation Company with another corporation or corporations, or any sale of all or substantially all of the CorporationCompany’s properties and assets to any other corporationcorporation or corporations, the Corporation Company shall take such action as may be necessary to enable the Optionee to receive upon any subsequent exercise of such option, in whole or in part, in lieu of shares of Common StockShares, securities or other assets as were issuable or payable upon such reorganization, consolidation, merger or sale in respect of, or in exchange for such shares of Common StockShares.
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