Liquidation or Dissolution. In the event of a proposed liquidation or dissolution of the Company, the Board shall upon written notice to the Participant provide that this option, to the extent unexercised, will (i) become exercisable in full as of a specified time at least 10 business days prior to the effective date of such liquidation or dissolution and (ii) terminate effective upon such liquidation or dissolution, except to the extent exercised before such effective date.
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Samples: Nonstatutory Stock Option Agreement (Environmental Power Corp), Nonstatutory Stock Option Agreement (Environmental Power Corp), Nonstatutory Stock Option Agreement (Environmental Power Corp)
Liquidation or Dissolution. In the event of a proposed liquidation or dissolution of the Company, the Board shall upon written notice (including electronic notice) to the Participant provide that any then unexercised portion of this option, to the extent unexercised, option will (i) become exercisable in full as of a specified time at least 10 business days prior to the effective date of such liquidation or dissolution and (ii) terminate effective upon such liquidation or dissolution, except to the extent exercised before such effective date.
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Liquidation or Dissolution. In the event of a proposed liquidation or dissolution of the Company, the Board shall upon written notice to the Participant provide that this optionOption, to the extent then unexercised, will (i) will
i. become exercisable in full as of a specified time at least 10 business days prior to the effective date of such liquidation or dissolution and (dissolution, and
ii) . terminate effective upon such liquidation or dissolution, except to the extent exercised before such effective date.
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Samples: Nonstatutory Stock Option Agreement (Edison Schools Inc)
