Effect of Change of Subsidiary Status. If an entity ceases to be a subsidiary of the Company a termination of employment and service shall be deemed to have occurred with respect to each employee of such subsidiary who does not continue as an employee of another entity within the Company.
Appears in 4 contracts
Samples: Nonqualified Stock Option Agreement (Meade Instruments Corp), Nonqualified Stock Option Agreement (Meade Instruments Corp), Nonqualified Stock Option Agreement (Meade Instruments Corp)
