Common use of Exchange of Options Clause in Contracts

Exchange of Options. 4.3.1 In the event that a Sale takes place, the Executive may at any time within six months of the Sale by agreement with the Acquiring Company release his rights under the Option (in this Clause referred to as “the old rights”) in consideration for the grant to him of rights (in this Clause referred to as “the new rights”) which are equivalent to the old rights but relate to shares in a different company.

Appears in 4 contracts

Samples: Subscription Agreement (King Digital Entertainment PLC), Subscription Agreement (King Digital Entertainment PLC), Subscription Agreement (King Digital Entertainment PLC)

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Exchange of Options. 4.3.1 5.3.1 In the event that a Sale takes place, the Executive may at any time within six months of the Sale by agreement with the Acquiring Company release his rights under the Option (in this Clause clause referred to as “the old rights”) in consideration for the grant to him of rights (in this Clause clause referred to as “the new rights”) which are equivalent to the old rights but relate to shares in a different company.

Appears in 3 contracts

Samples: Individual Option Agreement (King Digital Entertainment PLC), Subscription Agreement (King Digital Entertainment PLC), Subscription Agreement (King Digital Entertainment PLC)

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Exchange of Options. 4.3.1 5.3.1 In the event that a Sale takes place, the Executive may at any time within six months of the Sale by agreement with the Acquiring Company release his her rights under the Option (in this Clause clause referred to as “the old rights”) in consideration for the grant to him her of rights (in this Clause clause referred to as “the new rights”) which are equivalent to the old rights but relate to shares in a different company.

Appears in 2 contracts

Samples: Subscription Agreement (King Digital Entertainment PLC), Subscription Agreement (King Digital Entertainment PLC)

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