Effect of a Change in Control. 10.1 Notwithstanding anything contained in the Plan or this Agreement to the contrary, in the event of a Change in Control, (a) the Option becomes immediately and fully exercisable as to 100% of the Shares subject to the Option, and (b) upon termination of an Optionee’s employment with the Company, following a Change in Control, the Option shall remain exercisable until one year after termination, but in no event beyond the Exercise Term. The Company reserves the right to change or modify in any way the definition of Change in Control set forth in this Option Agreement and any such change or modification shall be binding on the Optionee.
Appears in 18 contracts
Samples: Nonqualified Stock Option Agreement, Nonqualified Stock Option Agreement (L3 Technologies, Inc.), Term Performance Plan (L3 Technologies, Inc.)
Effect of a Change in Control. 10.1 Notwithstanding anything contained in the Plan or this Agreement to the contrary, in the event of a Change in Control, (a) the Option becomes immediately and fully exercisable as to 100% of the Shares subject to the Option, and (b) upon termination of an Optionee’s 's employment with the Company, following a Change in Control, the Option shall remain exercisable until one year after termination, but in no event beyond the Exercise Term. The Company reserves the right to change or modify in any way the definition of Change in of Control set forth in this Option Agreement and any such change or modification shall be binding on the Optionee.
Appears in 2 contracts
Samples: Plan Nonqualified Stock Option Agreement (L 3 Communications Holdings Inc), Plan Nonqualified Stock Option Agreement (L 3 Communications Holdings Inc)
Effect of a Change in Control. 10.1 Notwithstanding anything contained in the Plan or this Agreement to the contrary, in the event of a Change in Control, (a) the Option becomes immediately and fully exercisable as to 100% of the Shares subject to the Option, and (b) upon termination of an Optionee’s employment with the Company, following a Change in Control, the Option shall remain exercisable until one year after termination, but in no event beyond the Exercise Term. The Company reserves the right to change or modify in any way the definition of Change in of Control set forth in this Option Agreement and any such change or modification shall be binding on the Optionee.
Appears in 1 contract
Samples: Nonqualified Stock Option Agreement (L 3 Communications Holdings Inc)
