Common use of Dissolution or Liquidation Clause in Contracts

Dissolution or Liquidation. In the event of the proposed dissolution or liquidation of the Company, the Administrator will notify each Participant as soon as practicable prior to the effective date of such proposed transaction. To the extent it has not been previously exercised, an Award will terminate immediately prior to the consummation of such proposed action.

Appears in 16 contracts

Samples: Project Barolo Merger (Apexigen, Inc.), Business Combination Agreement (Apexigen, Inc.), Business Combination Agreement (Tailwind Acquisition Corp.)

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Dissolution or Liquidation. In the event of the proposed dissolution or liquidation of the Company, the Administrator will notify each Participant as soon as practicable Participant, at such time prior to the effective date of such proposed transactiontransaction as the Administrator determines. To the extent it has not been previously exercised, an Award will terminate immediately prior to the consummation of such proposed action.

Appears in 10 contracts

Samples: Business Combination Agreement (Digital Transformation Opportunities Corp.), Business Combination Agreement (Digital Transformation Opportunities Corp.), Business Combination Agreement (Digital Transformation Opportunities Corp.)

Dissolution or Liquidation. In the event of the proposed dissolution or liquidation of the Company, the Administrator will shall notify each Participant Grantee as soon as practicable prior to the effective date of such proposed transaction. To the extent it has not been previously exercisedvested, an this Award will terminate immediately prior to the consummation of such proposed action.

Appears in 5 contracts

Samples: Restricted Stock Unit Agreement (Nuance Communications, Inc.), Restricted Stock Unit Agreement (Nuance Communications, Inc.), Restricted Stock Unit Agreement (Nuance Communications, Inc.)

Dissolution or Liquidation. In the event of the proposed dissolution or liquidation of the Company, the Administrator will notify each Participant as soon as practicable prior to the effective date of such proposed transaction. To the extent it has not been previously exercised, an The Award will terminate immediately prior to the consummation of such proposed action.

Appears in 4 contracts

Samples: Inducement Stock Option Agreement, Inducement Stock Option Agreement, Performance Unit Agreement (Accuray Inc)

Dissolution or Liquidation. In the event of the proposed dissolution or liquidation of the Company, the Administrator will notify each Participant as soon as practicable prior to the effective date of such proposed transaction. To the extent it has not been previously exercised, an Award the Option will terminate immediately prior to the consummation of such proposed action.

Appears in 4 contracts

Samples: Performance Stock Option Award Agreement (Gambling.com Group LTD), Option Award Agreement (Sorrento Therapeutics, Inc.), Stock Option Agreement (Blend Labs, Inc.)

Dissolution or Liquidation. In the event of the proposed dissolution or liquidation of the Company, the Administrator will notify each Participant Recipient as soon as practicable prior to the effective date of such proposed transaction. To the extent it has not been previously exercised, an Award will terminate immediately prior to the consummation of such proposed action.

Appears in 4 contracts

Samples: Original Agreement (Goodness Growth Holdings, Inc.), Original Agreement (Goodness Growth Holdings, Inc.), Original Agreement (Goodness Growth Holdings, Inc.)

Dissolution or Liquidation. In the event of the proposed dissolution or liquidation of the Company, the Administrator will notify each Participant as soon as practicable prior to the effective date of such proposed transaction. To the extent it an Option has not been previously exercised, an Award the Option will terminate immediately prior to the consummation of such proposed action.

Appears in 3 contracts

Samples: Stock Option Award Agreement (Copart Inc), Stock Option Award Agreement (Copart Inc), Stock Option Agreement (Copart Inc)

Dissolution or Liquidation. In the event of the proposed dissolution or liquidation of the Company, the Administrator will notify each Participant as soon as practicable prior to the effective date of such proposed transaction. To the extent it has not been previously exercised, an Award The Option will terminate immediately prior to the consummation of such proposed action.

Appears in 3 contracts

Samples: Inducement Stock Option Agreement, Inducement Stock Option Agreement, Inducement Option Agreement

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Dissolution or Liquidation. In the event of the proposed winding up, dissolution or liquidation of the Company, the Administrator will notify each Participant as soon as practicable prior to the effective date of such proposed transaction. To the extent it has not been previously exercisedexercised or settled, an Award will terminate immediately prior to the consummation of such proposed action.

Appears in 2 contracts

Samples: Agreement and Plan of Merger and Reorganization (Flexible Solutions International Inc), Investment Agreement (Easterly Acquisition Corp.)

Dissolution or Liquidation. In the event of the proposed dissolution or liquidation of the Company, the Administrator will notify each Participant as soon as practicable prior to the effective date of such proposed transaction. To the extent it has not been previously exercised, an the Award will terminate immediately prior to the consummation of such proposed action.

Appears in 2 contracts

Samples: Performance Stock Award Agreement (Mullen Automotive Inc.), Performance Stock Award Agreement (Mullen Automotive Inc.)

Dissolution or Liquidation. In the event of the proposed dissolution or liquidation of the Company, the Administrator will notify each the Participant as soon as practicable prior to the effective date of such proposed transaction. To the extent it has not been become previously exercisedvested, an the Award will terminate immediately prior to the consummation of such proposed action.

Appears in 2 contracts

Samples: Restricted Stock Unit Agreement (Quantum Corp /De/), Restricted Stock Unit Agreement (Quantum Corp /De/)

Dissolution or Liquidation. In the event of the proposed dissolution or liquidation of the Company, the Administrator will notify each the Participant as soon as practicable prior to the effective date of such proposed transaction. To the extent it previously has not been previously exercised, an Award the Option will terminate immediately prior to the consummation of such proposed action.

Appears in 1 contract

Samples: Inducement Stock Option Agreement (CareDx, Inc.)

Dissolution or Liquidation. In the event of the proposed dissolution or liquidation of the Company, the Administrator will notify each Participant as soon as practicable prior to the effective date of such proposed transaction. To the extent it has not been previously exercised, an The Award will terminate immediately prior to the consummation of such proposed action.

Appears in 1 contract

Samples: Restricted Stock Unit Agreement

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