Effect of Acceleration. If the vesting of the Option accelerates ---------------------- due to a Change in Control or is accelerated by the Committee pursuant to Section 13.9 of the Plan (i.e., events that could lead to a Change in Control), the Committee shall determine (i) whether the fully exercisable Option will expire after a designated period of time to the extent not then exercised, (ii) whether the difference between the Exercise Price and the Fair Market Value of the Option Shares as of a date designated by the Committee will be settled in cash, (iii) whether the Option will be assumed by another party to the transaction giving rise to the acceleration or otherwise be equitably converted in connection with such transaction, or (iv) any combination of the foregoing.
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Samples: Non Qualified Stock Option Agreement (Gorges Quik to Fix Foods Inc), Qualified Stock Option Agreement (Gorges Quik to Fix Foods Inc), Qualified Stock Option Agreement (Gorges Quik to Fix Foods Inc)
Effect of Acceleration. If the vesting of the Option accelerates ---------------------- due to a Change in Control or is accelerated by the Committee pursuant to Section 13.9 of the Plan (i.e., events that could lead to a Change in Control), the Committee shall determine (i) whether the fully exercisable Option will expire after a designated period of time to the extent not then exercised, (ii) whether the difference between the Exercise Price and the Fair Market Value of the Option Shares as of a date designated by the Committee will be settled in cash, (iii) whether the Option will be assumed by another party to the transaction giving rise to the acceleration or otherwise be equitably converted in connection with such transaction, or (iv) any combination of the foregoing.
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