Common use of D issolution or Liquidation Clause in Contracts

D issolution or Liquidation. In the event of the proposed dissolution or liquidation of the Company, the Administrator will notify Participant as soon as practicable prior to the effective date of such proposed transaction. The Award will terminate immediately prior to the consummation of such proposed action.

Appears in 2 contracts

Samples: Stand Alone Inducement Restricted Stock Unit Agreement and Stand Alone Inducement Stock Option Agreement, Stand Alone Inducement Restricted Stock Unit Agreement and Stand Alone Inducement Stock Option Agreement

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D issolution or Liquidation. In the event of the proposed dissolution or liquidation of the Company, the Administrator will notify Participant as soon as practicable prior to the effective date of such proposed transaction. The Award Option will terminate immediately prior to the consummation of such proposed action.

Appears in 2 contracts

Samples: Stand Alone Inducement Restricted Stock Unit Agreement and Stand Alone Inducement Stock Option Agreement, Stand Alone Inducement Restricted Stock Unit Agreement and Stand Alone Inducement Stock Option Agreement

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