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. 10.2 For the purposes of this Option Agreement, “Change in Control” shall mean the first to occur of the following:
Appears in 18 contracts
Samples: Nonqualified Stock Option Agreement, Nonqualified Stock Option Agreement (L3 Technologies, Inc.), Nonqualified Stock Option Agreement (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.
10.2 For the purposes of this Option Agreement, “"Change in Control” Control shall mean the first to occur of the following:
Appears in 1 contract
Samples: Nonqualified Stock Option Agreement (L 3 Communications Holdings Inc)
