Effect of Change of Control Event. All outstanding portions of the Option, if any, shall become fully vested upon the occurrence of any Change of Control Event, except to the extent that provision is made in connection with the Change of Control Event for the continuation or assumption of the Option by, or for the substitution of equivalent options with respect to, the surviving or successor entity or a parent thereof, and shall be exercisable in accordance with the Plan; provided, that unless otherwise decided in the sole discretion of the Administrator, the acceleration of vesting in connection with a Change of Control Event shall be limited as provided in the Plan.
Appears in 19 contracts
Samples: Qualified Stock Option Grant Agreement (Go-Page Corp), Non Qualified Stock Option Grant Agreement (Go-Page Corp), Stock Option Grant Agreement (Scio Diamond Technology Corp)
Effect of Change of Control Event. All outstanding portions of the OptionOptions, if any, shall become fully vested upon the occurrence of any Change of Control Event, except to the extent that provision is made in connection with the Change of Control Event for the continuation or assumption of the Option by, or for the substitution of equivalent options with respect to, the surviving or successor entity or a parent thereof, and shall be exercisable in accordance with the Plan; provided, that unless otherwise decided in the sole discretion of the Administrator, the acceleration of vesting in connection with a Change of Control Event shall be limited as provided in the Plan.
Appears in 3 contracts
Samples: Incentive Stock Option Grant Agreement (Howard Bancorp Inc), Incentive Stock Option Grant Agreement (WSB Holdings Inc), Stock Option Grant Agreement (WSB Holdings Inc)
Effect of Change of Control Event. All outstanding portions of the OptionOptions, if any, shall become fully vested upon the occurrence of any Change of Control Event, except to the extent that provision is made in connection with the Change of Control Event for the continuation or assumption of the Option by, or for the substitution of equivalent options with respect to, the surviving or successor entity or a parent thereof, and shall be exercisable in accordance with the Plan; provided, that unless otherwise decided in the sole discretion of the Administrator, the acceleration of vesting in connection with a Change of Control Event shall be limited as provided in the Plan.
Appears in 3 contracts
Samples: Stock Option Grant Agreement (Howard Bancorp Inc), Stock Option Grant Agreement (WSB Holdings Inc), Stock Option Grant Agreement (WSB Holdings Inc)
