Liquidation; Dissolution. Upon the effective date of the liquidation or dissolution of the Company without a successor, the Option shall terminate; provided that the Optionee shall, in such event, have the right immediately prior to such dissolution or liquidation, to exercise this Option in whole or in part whether or not previously vested.
Appears in 6 contracts
Samples: Incentive Stock Option Agreement (Internet Security Systems Inc/Ga), Nonqualified Stock Option Agreement (Internet Security Systems Inc/Ga), Nonqualified Stock Option Agreement (Turbochef Technologies Inc)
