Common use of Notice of Triggering Event Clause in Contracts

Notice of Triggering Event. The Company shall notify Grantee in writing as promptly as practicable, and in any event within 24 hours, of the occurrence of any Triggering Event, it being understood that the giving of such notice by the Company shall not be a condition to the right of Grantee to exercise the Option or for a Triggering Event to have occurred.

Appears in 3 contracts

Samples: Merger Agreement (Unitrode Corp), Merger Agreement (Benchmarq Microelectronics Inc), Stock Option Agreement (Unitrode Corp)

AutoNDA by SimpleDocs

Notice of Triggering Event. The Company shall notify Grantee in writing as promptly as practicable, and in any event within 24 hours, practicable following the Company becoming aware of the occurrence of any Triggering Event, it being understood that the giving of such notice by the Company shall not be a condition to the right of Grantee to exercise the Option or for a Triggering Event to have occurred.

Appears in 2 contracts

Samples: Stock Option Agreement (King Pharmaceuticals Inc), Stock Option Agreement (Medco Research Inc)

Notice of Triggering Event. The Company shall notify Grantee in writing as promptly as practicable, and in any event within 24 hours, practicable following its becoming aware of the occurrence of any Triggering Event, it being understood that the giving of such notice by the Company shall not be a condition to the right of Grantee to exercise the Option or for a Triggering Event to have occurred.

Appears in 1 contract

Samples: Stock Option Agreement (Think New Ideas Inc)

AutoNDA by SimpleDocs

Notice of Triggering Event. The Company shall notify Grantee -------------------------- in writing as promptly as practicable, and in any event within 24 hours, practicable following its becoming aware of the occurrence of any Triggering Event, it being understood that the giving of such notice by the Company shall not be a condition to the right of Grantee to exercise the Option or for a Triggering Event to have occurred.

Appears in 1 contract

Samples: Stock Option Agreement (Answerthink Consulting Group Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!