Common use of Effect of Change of Control Clause in Contracts

Effect of Change of Control. Notwithstanding anything contained in this Agreement to the contrary, in the event of a Change of Control the Option shall become immediately vested and fully exercisable.

Appears in 8 contracts

Samples: Director’s Nonqualified Stock Option Agreement (Commscope Inc), Director’s Nonqualified Stock Option Agreement (Commscope Inc), Nonqualified Stock Option Agreement (Commscope Inc)

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Effect of Change of Control. Notwithstanding anything contained in this Agreement to the contrary, in the event of a Change of Control Control, the Option shall become immediately and fully vested and fully exercisable.

Appears in 4 contracts

Samples: Employment Agreement (Orion Power Holdings Inc), Employment Agreement (Orion Power Holdings Inc), Employment Agreement (Orion Power Holdings Inc)

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