Effect of a Change of Control. Notwithstanding the provisions of Section 3 hereof, if there should be a Change of Control of the Corporation, the Corporation shall give the Participant written notice of such Change of Control as promptly as practicable (and, if possible, prior to the effective date thereof) and the Option, to the extent not currently exercisable, shall become immediately exercisable as of the effective date of such Change of Control.
Appears in 9 contracts
Samples: Nonqualified Stock Option Agreement (Mortons Restaurant Group Inc), Nonqualified Stock Option Agreement (Mortons Restaurant Group Inc), Nonqualified Stock Option Agreement (Bernstein Allen J)