Exercise in the Event of Liquidation or Reorganization. In the event of a dissolution or liquidation of the Company or a merger or consolidation in which the Company is not the surviving corporation, the Executive shall have the right immediately prior to such dissolution or liquidation, or merger or consolidation, to exercise his or her SARs in full.
Appears in 4 contracts
Samples: Stock Appreciation Rights Agreement (Universal Corp /Va/), Stock Appreciation Rights Agreement (Universal Corp /Va/), Stock Appreciation Rights Agreement (Universal Corp /Va/)
Exercise in the Event of Liquidation or Reorganization. In the event of a dissolution or liquidation of the Company or a merger or consolidation in which the Company is not the surviving corporation, the Executive Optionee shall have the right immediately prior to such dissolution or liquidation, or merger or consolidation, to exercise his or her SARs option in full.
Appears in 2 contracts
Samples: Non Qualified Stock Option Agreement (Universal Corp /Va/), Non Qualified Stock Option Agreement (Universal Corp /Va/)
