Full Vesting; Termination; Assumption or Substitution. Upon the occurrence of a Corporate Transaction (as defined in subsection 5(c)), the Option shall become fully exercisable regardless of whether all conditions of exercise relating to length of service have been satisfied. The Committee may also provide for the assumption or substitution of the Option by the surviving entity as described in subsection 5(b) and make any other provision for the Option as the Committee deems appropriate in its sole discretion. The Committee may provide that any portion of the Option that outstanding at the time the Corporate Transaction is closed shall expire at the time of the closing, as the Committee determines in its sole discretion.
Appears in 18 contracts
Samples: Non Qualified Stock Option Agreement (Uqm Technologies Inc), Non Qualified Stock Option Agreement (Uqm Technologies Inc), Incentive Stock Option Agreement (Uqm Technologies Inc)
