Effect of Change of Subsidiary Status. For purposes of this Plan and any award, if an entity ceases to be a Subsidiary of the Corporation, a termination of employment or service shall be deemed to have occurred with respect to each Eligible Person in respect of such Subsidiary who does not continue as an Eligible Person in respect of another entity within the Corporation or another Subsidiary that continues as such after giving effect to the transaction or other event giving rise to the change in status.
Appears in 3 contracts
Samples: Incentive Stock Option Agreement (Red Cat Holdings, Inc.), Subscription Agreement (Majesco Entertainment Co), Purchase and Ipo Reorganization Agreement (Hicks Acquisition CO I Inc.)
Effect of Change of Subsidiary Status. For purposes of this Plan and any award, if an entity ceases to be a Subsidiary or other Affiliate of the Corporation, as determined by the Administrator, a termination of employment or service shall be deemed to have occurred with respect to each Eligible Person in respect of such Subsidiary or other Affiliate who does not continue as an Eligible Person in respect of another entity within the Corporation or another Subsidiary of its Subsidiaries or Affiliates that continues as such such, as determined by the Administrator, after giving effect to the transaction or other event giving rise to the change in status.
Appears in 2 contracts
Samples: Agreement (New Century Financial Corp), Agreement (Greenlight Capital LLC)
Effect of Change of Subsidiary Status. For purposes of this Plan and any award, if an entity ceases to be a Subsidiary of the Corporation, a termination of employment or service shall be deemed to have occurred with respect to each Eligible Person in respect of such Subsidiary who does not continue as an Eligible Person in respect of another entity within member of the Corporation or another Subsidiary that continues as such Group after giving effect to the transaction or other event giving rise to the Subsidiary’s change in status.
Appears in 2 contracts
Samples: Stock Option Plan Agreement (Chineseworldnet Com Inc), Stock Option Plan Agreement (Chineseworldnet Com Inc)
Effect of Change of Subsidiary Status. For purposes of this Plan and any awardOption hereunder, if an entity ceases to be a Subsidiary of the Corporation, a termination of employment or service shall be deemed to have occurred with respect to each Eligible Person in respect employee of such Subsidiary who does not continue as an Eligible Person in respect employee of another entity within the Corporation or another Subsidiary that continues as such after giving effect to the transaction or other event giving rise to the change in statusCompany.
Appears in 1 contract
Samples: Manager Stock Option Agreement (Natures Sunshine Products Inc)
Effect of Change of Subsidiary Status. For purposes of this Plan and any awardAward, if an entity ceases to be a Subsidiary of the CorporationCompany, a termination of employment or service shall be deemed to have occurred with respect to each Eligible Person in respect of such Subsidiary who does not continue as an Eligible Person in respect of another entity within the Corporation Company or another Subsidiary that continues as such after giving effect to the transaction or other event giving rise to the change in status.. 18
Appears in 1 contract
Samples: Equity Incentive Plan (Servicesource International, Inc.)
