Common use of Dissolution or Liquidation of the Company Clause in Contracts

Dissolution or Liquidation of the Company. Upon the dissolution or liquidation of the Company, the Option will terminate and become null and void; provided, however, that if the rights of the Participant or the Participant’s Survivors have not otherwise terminated and expired, the Participant or the Participant’s Survivors will have the right immediately prior to such dissolution or liquidation to exercise the Option to the extent that the Option is exercisable as of the date immediately prior to such dissolution or liquidation.

Dissolution or Liquidation of the Company. Upon the ----------------------------------------- dissolution or liquidation of the Company, the Option or any part thereof which as of such date has not been exercised will terminate and become null and void; provided, however, that if the rights of the Participant Optionee or the Participant’s Optionee's Survivors have not otherwise terminated and expired, the Participant Optionee or the Participant’s Optionee's Survivors will have the right immediately prior to such dissolution or liquidation to exercise the Option to the extent that the Option is exercisable as of the date immediately prior to such dissolution or liquidation.

Dissolution or Liquidation of the Company. Upon the dissolution or liquidation of the Company, the Option will terminate and become null and void; provided, however, that if the rights of the Participant or the Participant’s 's Survivors have not otherwise terminated and expired, the Participant or the Participant’s 's Survivors will have the right immediately prior to such dissolution or liquidation to exercise the Option to the extent that the Option is exercisable as of the date immediately prior to such dissolution or liquidation.