Merger, Consolidation, Reorganization, Liquidation, etc. Subject to the other provisions of this option, if the Company shall become a party to any corporate merger or consolidation in which the Company is not the surviving party, or shall sell all or substantially all of its assets (including pursuant to a plan of liquidation), or in the case of a capital reorganization or reclassification of the shares of the Company, the Board of Directors of the Company shall have the power to make any arrangement it deems advisable with respect to this option and the number of Shares subject to this option, which shall be binding for all purposes of this option, including, but not limited to, the substitution of a new option for this option or any portion hereof that is then outstanding, the assumption of this option, or the acceleration of the exercisability of this option.
Appears in 4 contracts
Samples: Non Qualified Stock Option Agreement (Golf Galaxy, Inc.), Incentive Stock Option Agreement (Golf Galaxy, Inc.), Non Qualified Stock Option Agreement (Golf Galaxy, Inc.)
