EFFECT OF TRANSFER OF CONTROL ON OPTION. In the event of a Transfer of Control, all Options granted under the Plan shall become immediately exercisable in full, effective as of the date of the Transfer of Control. Notwithstanding the foregoing, shares acquired upon exercise of the Option prior to the date of the Transfer of Control and any consideration received pursuant to the Transfer of Control with respect to such shares shall continue to be subject to all applicable provisions of this Option Agreement except as otherwise provided herein.
Appears in 6 contracts
Samples: Nonstatutory Stock Option Agreement (Starbase Corp), Employment Agreement (Starbase Corp), Nonstatutory Stock Option Agreement (Starbase Corp)
