Merger, Consolidation, or Liquidation. At least 30 days prior written notice of a merger, consolidation or liquidation of the Company shall be given by the Company to the Optionee, in which case vesting shall accelerate and the Option shall become fully exercisable. Upon the occurrence of a merger, consolidation or liquidation of the Company, this option shall automatically terminate unless the surviving or acquiring corporation shall assume this option or substitute a new option for it.
Appears in 6 contracts
Samples: Non Qualified Stock Option Agreement (Hanger Orthopedic Group Inc), Non Qualified Stock Option Agreement (Hanger Orthopedic Group Inc), Non Qualified Stock Option Agreement (Hanger Orthopedic Group Inc)
