Common use of Extraordinary Corporate Transactions Clause in Contracts

Extraordinary Corporate Transactions. If the Company recapitalizes or otherwise changes its capital structure, or merges, consolidates, sells all of its assets or dissolves (each of the foregoing a "Fundamental Change"), then thereafter upon any exercise of an Option theretofore granted the Optionee shall be entitled to purchase under such Option, in lieu of the number of shares of Common Stock as to which Option shall then be exercisable, the number and class of shares of stock and securities to which the Optionee would have been entitled pursuant to the terms of the Fundamental Change if, immediately prior to such Fundamental Change, the Optionee had been the holder of record of the number of shares of Common Stock as to which such option is then exercisable.

Appears in 3 contracts

Samples: Nonqualified Stock Option Agreement (Century Bancshares Inc), Incentive Stock Option Agreement (Century Bancshares Inc), Nonqualified Stock Option Agreement (Century Bancshares Inc)

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Extraordinary Corporate Transactions. If the Company ------------------------------------ recapitalizes or otherwise changes its capital structure, or merges, consolidates, sells all of its assets or dissolves (each of the foregoing a "Fundamental Change"), then thereafter upon any exercise of an Option theretofore granted the Optionee shall be entitled to purchase under such Option, in lieu of the number of shares of Common Stock as to which Option shall then be exercisable, the number and class of shares of stock and securities to which the Optionee would have been entitled pursuant to the terms of the Fundamental Change if, immediately prior to such Fundamental Change, the Optionee had been the holder of record of the number of shares of Common Stock as to which such option Option is then exercisable.

Appears in 3 contracts

Samples: Option Agreement (Cenveo, Inc), Option Agreement (Cenveo, Inc), Incentive Stock Option Agreement (Cenveo, Inc)

Extraordinary Corporate Transactions. If the Company recapitalizes ------------------------------------ or otherwise changes its capital structure, or merges, consolidates, sells all of its assets or dissolves (each of the foregoing a "Fundamental Change"), then thereafter upon any exercise of an Option option theretofore granted the Optionee shall be entitled to purchase under such Optionoption, in lieu of the number of shares of Common Stock as to which Option option shall then be exercisable, the number and class of shares of stock and securities to which the Optionee would have been entitled pursuant to the terms of the Fundamental Change if, immediately prior to such Fundamental Change, the Optionee had been the holder of record of the number of shares of Common Stock as to which such option is then exercisable.

Appears in 2 contracts

Samples: Incentive Stock Option Agreement (Mail Well Inc), Non Qualified Stock Option Agreement (Mail Well Inc)

Extraordinary Corporate Transactions. If the Company recapitalizes or otherwise changes its capital structure, or merges, consolidates, sells all of its assets or dissolves (each of the foregoing a "Fundamental Change"), then thereafter upon any exercise of an Option NQSOs theretofore granted granted, the Optionee shall be entitled to purchase under such Optionpurchase, in lieu of the number of shares of Common Stock as to which Option NQSOs shall then be exercisable, the number and class of shares of stock and securities to which the Optionee would have been entitled pursuant to the terms of the Fundamental Change if, immediately prior to such Fundamental Change, the Optionee had been the holder of record of the number of shares of Common Stock as to which such option NQSOs is then exercisable.

Appears in 1 contract

Samples: Stock Option Agreement (AeroGrow International, Inc.)

Extraordinary Corporate Transactions. If the Company recapitalizes or otherwise changes its capital structure, or merges, consolidates, sells all of its assets or dissolves (each of the foregoing a "Fundamental Change"), then thereafter upon any exercise of an Option theretofore granted the Optionee shall be entitled to purchase under such Option, in lieu of the number of shares of Common Stock as to which Option shall then be exercisable, the number and class of shares of stock and securities to which the Optionee would have been entitled pursuant to the terms of the Fundamental Change if, immediately prior to such Fundamental Change, the Optionee had been the holder of record of the number of shares of Common Stock as to which such option is then exercisable.

Appears in 1 contract

Samples: Nonqualified Stock Option Agreement (Century Bancshares Inc)

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Extraordinary Corporate Transactions. If the Company recapitalizes or otherwise changes its capital structure, or merges, consolidates, sells all of its assets or dissolves (each of the foregoing a "Fundamental Change"), then thereafter upon any exercise of an Option Options theretofore granted granted, the Optionee shall be entitled to purchase under such Optionpurchase, in lieu of the number of shares of Common Stock as to which Option Options shall then be exercisable, the number and class of shares of stock and securities to which the Optionee would have been entitled pursuant to the terms of the Fundamental Change if, immediately prior to such Fundamental Change, the Optionee had been the holder of record of the number of shares of Common Stock as to which such option Options is then exercisable.

Appears in 1 contract

Samples: Stock Option Agreement (Wentworth I Inc)

Extraordinary Corporate Transactions. If the Company recapitalizes or otherwise changes its capital structure, or merges, consolidates, sells all of its assets or dissolves (each of the foregoing a "Fundamental Change"), then thereafter upon any exercise of an Option theretofore granted the Option, the Optionee shall be entitled to purchase under such the Option, in lieu of the number of shares of Common Stock as to which the Option shall then be exercisable, the number and class of shares of stock and securities to which the Optionee would have been entitled pursuant to the terms of the Fundamental Change if, immediately prior to such Fundamental Change, the Optionee had been the holder of record of the number of shares of Common Stock as to which such option the Option is then exercisable.

Appears in 1 contract

Samples: Nonqualified Stock Option Agreement (Century Bancshares Inc)

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