Common use of Mergers, Consolidation, Distributions, Liquidations Etc Clause in Contracts

Mergers, Consolidation, Distributions, Liquidations Etc. In the event of a consolidation or merger or sale of all or substantially all of the assets of the Company in which outstanding shares of Common Stock are exchanged for securities, cash or other property of any other corporation or business entity, or in the event of a liquidation of the Company, prior to the Expiration Date or termination of this option, the Optionee shall, with respect to this option or any unexercised portion hereof, be entitled to the rights and benefits, and be subject to the limitations, set forth in Section 16(a) of the Plan.

Appears in 11 contracts

Samples: Art Technology Group Inc, Incentive Stock Option Agreement (Enterworks Inc), Stock Option Agreement (Baycorp Holdings LTD)

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Mergers, Consolidation, Distributions, Liquidations Etc. In the event of a merger or consolidation or merger or sale of all or substantially all of the assets of the Company in which outstanding shares of Common Stock are exchanged for securities, cash or other property of any other corporation or business entity, or in the event of a liquidation of the Company, prior to the Expiration Date or termination of this option, the Optionee shall, with respect to this option or any unexercised portion hereof, be entitled to the rights and benefits, and be subject to the limitations, set forth in Section 16(a15(a) of the Plan.

Appears in 9 contracts

Samples: Non Statutory (Baycorp Holdings LTD), Non Statutory (Baycorp Holdings LTD), Non Statutory (Baycorp Holdings LTD)

Mergers, Consolidation, Distributions, Liquidations Etc. In the event of a merger or consolidation or merger or sale of all or substantially all of the assets of the Company in which outstanding shares of Common Stock are exchanged for securities, cash or other property of any other corporation or business entity, or in the event of a liquidation of the Company, prior to the Expiration Date or termination of this option, the Optionee shall, with respect to this option or any unexercised portion hereof, be entitled to the rights and benefits, and be subject to the limitations, set forth in Section 16(a17(a) of the Plan.

Appears in 4 contracts

Samples: Incentive Stock Option Agreement (Open Solutions Inc), Distribution Agreement (Open Solutions Inc), Incentive Stock Option Agreement (Open Solutions Inc)

Mergers, Consolidation, Distributions, Liquidations Etc. In the event of (i) a consolidation or merger or merger, (ii) sale of all or substantially all of the assets of the Company in which outstanding shares of Common Stock are exchanged for securities, cash or other property of any other corporation or business entity, or in the event of (iii) a liquidation of the Company, prior to the Expiration Date or termination of this optionOption, the Optionee shall, with respect to this option Option or any unexercised portion hereof, be entitled to the rights and benefits, and be subject to the limitations, set forth in Section 16(a) of the Plan.

Appears in 2 contracts

Samples: Stock Option Agreement (Idx Systems Corp), Stock Option Agreement (Idx Systems Corp)

Mergers, Consolidation, Distributions, Liquidations Etc. In the event of a merger or consolidation or merger or sale of all or substantially all of the assets of the Company in which outstanding shares of Common Stock are exchanged for securities, cash or other property of any other corporation or business entity, or in the event of a liquidation of the Company, prior to the Expiration Date or termination of this option, the Optionee shall, with respect to this option or any unexercised portion hereof, be entitled to the rights and benefits, and be subject to the limitations, set forth in Section 16(a) of the Plan, except as otherwise provided in this option.

Appears in 2 contracts

Samples: Stock Option Agreement (Enterworks Inc), Incentive Stock Option Agreement (Enterworks Inc)

Mergers, Consolidation, Distributions, Liquidations Etc. In the event of a consolidation or merger or sale of all or substantially all of the assets of the Company in which outstanding shares of Common Stock are exchanged for securities, cash or other property of any other corporation or business entity, or in the event of a liquidation of the Company, prior to the Expiration Date or termination of this option, the Optionee shall, with respect to this option or any unexercised portion hereof, be entitled to the rights and benefits, and be subject to the limitations, set forth in Section 16(a) 8 of the Plan.

Appears in 2 contracts

Samples: Nonstatutory Stock Option Agreement (Distributed Energy Systems Corp), Non Statutory Stock Option Agreement (Distributed Energy Systems Corp)

Mergers, Consolidation, Distributions, Liquidations Etc. In the event ------------------------------------------------------ of a merger or consolidation or merger or sale of all or substantially all of the assets of the Company in which outstanding shares of Common Stock are exchanged for securities, cash or other property of any other corporation or business entity, or in the event of a liquidation of the Company, prior to the Expiration Date or termination of this option, the Optionee shall, with respect to this option or any unexercised portion hereof, be entitled to the rights and benefits, and be subject to the limitations, set forth in Section 16(a17(a) of if the Plan.

Appears in 1 contract

Samples: Option And (Physicians Quality Care Inc)

Mergers, Consolidation, Distributions, Liquidations Etc. In the event of a consolidation or merger or sale of all or substantially all of the assets of the Company in which outstanding shares of Common Stock are exchanged for securities, cash or other property of any other corporation or business entity, or in the event of a liquidation of the Company, prior to the Expiration Date or termination of this option, the Optionee shall, with respect to this option or any unexercised portion hereof, be entitled to the rights and benefits, and be subject to the limitations, set forth in Section 16(a10(f) of the Plan.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (American Superconductor Corp /De/)

Mergers, Consolidation, Distributions, Liquidations Etc. In the event of a merger or consolidation or merger or sale of all or substantially all of the assets of the Company Company, in which outstanding shares of Common Stock are exchanged for securities, cash or other property of any other corporation or business entity, or in the event of a liquidation of the Company, prior to the Expiration Date or termination of this option, the Optionee shall, with respect to this option or any unexercised portion hereof, be entitled to the rights and benefits, and be subject to the limitations, set forth in Section 16(a) of the Plan.

Appears in 1 contract

Samples: Non Statutory Stock Option Agreement (Vision Sciences Inc /De/)

Mergers, Consolidation, Distributions, Liquidations Etc. In the event of a merger or consolidation or merger or sale of all or substantially all of the assets of the Company in which outstanding shares of Common Stock Shares are exchanged for securities, cash or other property of any other corporation or business entity, or in the event of a liquidation of the Company, prior to the Expiration Date or termination of this option, the Optionee shall, with respect to this option or any unexercised portion hereof, be entitled to the rights and benefits, and be subject to the limitations, set forth in Section 16(a) of the PlanEmployee Stock Option Plan to be adopted by the Company.

Appears in 1 contract

Samples: Form of Option Offering Agreement (iKang Healthcare Group, Inc.)

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Mergers, Consolidation, Distributions, Liquidations Etc. In the event of a consolidation or consolidation, merger or sale of all or substantially other reorganization in which all of the assets of the Company in which outstanding shares of Common Stock are exchanged for securities, cash or other property of any other corporation or business entity, or in the event of a liquidation of the Company, prior to the Expiration Date or termination of this option, the Optionee shall, with respect to this option or any unexercised portion hereof, be entitled to the rights and benefits, and be subject to the limitations, set forth in Section 16(a10(f) of the Plan.

Appears in 1 contract

Samples: Stock Option Agreement (Comverse Technology Inc/Ny/)

Mergers, Consolidation, Distributions, Liquidations Etc. In the event of a merger or consolidation or merger or sale of all or substantially all of the assets of the Company in which outstanding shares of Common Stock are exchanged for securities, cash or other property of any other corporation or business entity, or in the event of a liquidation of the Company, prior to the Expiration Date or termination of this option, the Optionee shall, with respect to this option or any unexercised portion hereof, be entitled to the rights and benefits, and be subject to the limitations, set forth in Section 16(a10(f) of the Plan.

Appears in 1 contract

Samples: Non Statutory Stock Option Agreement (American Superconductor Corp /De/)

Mergers, Consolidation, Distributions, Liquidations Etc. In the event of a consolidation or merger or sale of all or substantially all of the assets of the Company in which outstanding shares of Common Stock are exchanged for securities, cash or other property of any other corporation or business entity, or in the event of a liquidation of the Company, prior to the Expiration Date or termination of this option, the Optionee shall, with respect to this option or any unexercised portion hereof, be entitled to the rights and benefits, and be subject to the limitations, set forth in Section 16(a) 16 of the Plan.

Appears in 1 contract

Samples: Stock Option Agreement (Boston Acoustics Inc)

Mergers, Consolidation, Distributions, Liquidations Etc. In the event of a merger or consolidation or merger or sale of all or substantially all of the assets of the Company in which outstanding shares of Common Stock are exchanged for securities, cash or other property of any other corporation or business entity, or in the event of a liquidation of the Company, prior to the Expiration Date or termination of this option, the Optionee shall, with respect to this option or any unexercised portion hereof, be entitled to the rights and benefits, and be subject to the limitations, set forth in Section 16(a7(b) of the Plan.

Appears in 1 contract

Samples: Non Statutory Stock Option Agreement (Sunterra Corp)

Mergers, Consolidation, Distributions, Liquidations Etc. In the event of a consolidation or merger or sale of all or substantially all of the assets of the Company in which outstanding shares of Common Stock are exchanged for securities, cash or other property of any other corporation or business entity, or in the event of a liquidation of the Company, prior to the Expiration Date or termination of this option, the Optionee shall, with respect to this option or any unexercised portion hereof, be entitled to the rights and benefits, and be subject to the limitations, set forth in Section 16(a8(f) of the Plan.

Appears in 1 contract

Samples: Divine Inc

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