Common use of Merger, Consolidation or Change in Control Clause in Contracts

Merger, Consolidation or Change in Control. In the event of a Change-in-Control as defined in Section 14 of the Plan, all holding period and vesting exercise restrictions will lapse and the Options will become immediately exercisable in full and the one (1) month period set forth in paragraph (3) (a) above will be extended to three (3) years.

Merger, Consolidation or Change in Control. In the event of a Change-in-Control as defined in Section 14 13 of the Plan, as amended by the Board of Directors of the Company on February 18, 1998, all holding period and vesting exercise restrictions will lapse and the Options will become immediately exercisable in full and the one (1) month 30 day period set forth in paragraph (3) (a) above will be extended to three (3) years.

Merger, Consolidation or Change in Control. In the event of a Change-in-Control as defined in Section 14 13 of the Plan, all holding period and vesting exercise restrictions will lapse and the Options will become immediately exercisable in full and the one (1) month 30 day period set forth in paragraph (3) (a) above will be extended to three (3) years.