Common use of Dissolution or Liquidation Clause in Contracts

Dissolution or Liquidation. In the event of the proposed dissolution or liquidation of the Corporation, the Board shall notify the Optionee at least fifteen (15) days prior to such proposed action. To the extent it has not been previously exercised, the Option will terminate immediately prior to the consummation of such proposed action.

Dissolution or Liquidation. In the event of the proposed dissolution or liquidation of the CorporationCompany, the Board shall notify Optionee as soon as practicable prior to the effective date of such proposed transaction. The Board in its discretion may provide for the Optionee at least fifteen to have the right to exercise his or her Option until ten (1510) days prior to such proposed actiontransaction as to all of the Optioned Stock covered thereby, including Shares as to which the Option would not otherwise be exercisable. To the extent it has not been previously exercised, the Option will terminate immediately prior to the consummation of such proposed actionproposed.

Dissolution or Liquidation. In the event of the proposed -------------------------- dissolution or liquidation of the CorporationCompany, the Board shall notify Optionee as soon as practicable prior to the effective date of such proposed transaction. The Board in its discretion may provide for the Optionee at least to have the right to exercise his or her Option until fifteen (15) days prior to such proposed actiontransaction as to all of the Optioned Stock covered thereby, including Shares as to which the Option would not otherwise be exercisable. To the extent it has not been previously exercised, the Option will terminate immediately prior to the consummation of such proposed action.proposed

Dissolution or Liquidation. In the event of the proposed -------------------------- dissolution or liquidation of the CorporationCompany, the Board shall notify the Optionee at least fifteen (15) days prior to such proposed action. To the extent it the Option has not been previously exercised, the Option will terminate immediately prior to the consummation of such proposed action.

Dissolution or Liquidation. In the event of the proposed dissolution or liquidation of the CorporationCompany, the Board shall notify the Optionee at least fifteen (15) days prior to such proposed action. To the extent it has not been previously exercised, the this Option will shall terminate immediately prior to the consummation of such proposed action.

Dissolution or Liquidation. In the event of the proposed dissolution or liquidation of the CorporationCompany, the Board shall notify the Optionee at least fifteen (15) days prior to such proposed action. To the extent it has not been previously exercised, the Option all Options will terminate immediately prior to the consummation of such proposed action.

Dissolution or Liquidation. In the event of the proposed dissolution or liquidation of the CorporationCompany, the Board shall notify the Optionee at least fifteen (15) days prior to such proposed action. To the extent it has not been previously exercised, the Option will terminate immediately prior to the consummation of such proposed action.

Dissolution or Liquidation. In the event of the proposed dissolution or liquidation of the CorporationCompany, the Board shall notify the Optionee at least Employee as soon as practicable prior to the effective date of such proposed transaction. The Board in its discretion may provide for the Employee to have the right to exercise his Option until fifteen (15) days prior to such proposed actiontransaction as to all of the Shares, including Shares as to which the Option would not otherwise be exercisable. To the extent it has not been previously exercised, the Option will terminate immediately prior to the consummation of such proposed action.

Dissolution or Liquidation. In the event of the proposed -------------------------- dissolution or liquidation of the CorporationCompany, the Board of Directors shall notify the Optionee at least fifteen (15) days prior to such proposed action. To the extent it has not been previously exercised, the this Option will terminate immediately prior to the consummation of such proposed action.