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 17 contracts

Samples: Agreement and Plan of Merger (Welsbach Technology Metals Acquisition Corp.), Business Combination Agreement (Apexigen, Inc.), Business Combination Agreement (Apexigen, Inc.)

AutoNDA by SimpleDocs

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 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), Performance Stock Option Award Agreement (Sorrento Therapeutics, Inc.), Stand Alone 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: Restricted Stock Unit Agreement (Goodness Growth Holdings, Inc.), Restricted Stock Unit Agreement (Goodness Growth Holdings, Inc.), Restricted Stock Unit Agreement (Goodness Growth Holdings, Inc.)

Dissolution or Liquidation. In the event of the proposed dissolution or liquidation of the Company, the Administrator will shall notify each the Participant as soon as practicable prior to the effective date of such proposed transaction. To The Administrator in its discretion may provide for the extent it has not been previously exercised, an Participant to have the right to exercise his Award will terminate immediately until ten (10) days prior to such transaction as to all of the consummation of such proposed actionstock covered thereby, including Shares as to which the Award would not otherwise be vested or exercisable.

Appears in 4 contracts

Samples: Stand Alone Stock Option Agreement (Hewlett Packard Co), Restricted Stock Agreement (Hewlett Packard Co), Restricted Stock Agreement (3com 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 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), Stand Alone Stock Option Award 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 The Award will terminate immediately prior to the consummation of such proposed action.

Appears in 3 contracts

Samples: Stand Alone Inducement Restricted Stock Unit Agreement and Stand Alone Inducement Stock Option Agreement, Stand Alone Inducement Performance Unit Agreement (Accuray Inc), Stand Alone Inducement Restricted Stock Unit Agreement and Stand Alone Inducement Stock Option Agreement

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

AutoNDA by SimpleDocs

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: Merger Agreement (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 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 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

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: Stand Alone Inducement Restricted Stock Unit Agreement

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!