No Assumption or Substitution Required. In the event that the Company or any of its Affiliates is a participant in a corporate merger, consolidation or other similar transaction, neither the Company nor such Affiliate shall be obligated to cause any other participant in such transaction to assume a Participant’s Option or to substitute a new stock option for the Option under this Agreement.
Appears in 6 contracts
Samples: Nonqualified Stock Option Award Agreement (American Express Co), Nonqualified Stock Option Award Agreement, Nonqualified Stock Option Award Agreement
No Assumption or Substitution Required. In the event that the Company or any of its Affiliates is a participant in a corporate merger, consolidation or other similar transaction, neither the Company nor such Affiliate shall be obligated to cause any other participant in such transaction to assume a Participant’s Option Award or to substitute a new stock option award for the Option Award under this Agreement.
Appears in 6 contracts
Samples: Global Restricted Stock Unit/Restricted Stock Award Agreement (American Express Co), Restricted Stock Unit Award Agreement, Restricted Stock Unit Award Agreement
