Common use of Option Awards Clause in Contracts

Option Awards. On a Change in Control, except as otherwise provided in the applicable Agreements, either: (i) the surviving or resulting corporation or the successor to the business of the Company shall assume all Options outstanding under this Plan or shall substitute similar options for those outstanding under this Plan, or (ii) such Options shall continue in full force and effect; provided that, if such surviving or resulting corporation or such successor refuses to assume or continue such Options or to substitute similar options for those outstanding under this Plan, and if the nature and terms of employment or engagement, including compensation and benefits, of the

Appears in 5 contracts

Samples: Restricted Stock (Simpson Manufacturing Co Inc /Ca/), Restricted Stock Unit Agreement (Simpson Manufacturing Co Inc /Ca/), Restricted Stock Unit Agreement (Simpson Manufacturing Co Inc /Ca/)

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Option Awards. On a Change in Control, except as otherwise provided in the applicable Agreements, either: (i) the surviving or resulting corporation or the successor to the business of the Company shall assume all Options outstanding under this Plan or shall substitute similar options for those outstanding under this Plan, or (ii) such Options shall continue in full force and effect; provided that, if such surviving or resulting corporation or such successor refuses to assume or continue such Options or to substitute similar options for those outstanding under this Plan, and if the nature and terms of employment or engagement, including compensation and benefits, of thethe Exhibit B - 9 01435\040\8330526.v3

Appears in 1 contract

Samples: Restricted Stock (Simpson Manufacturing Co Inc /Ca/)

Option Awards. On a Change in Control, except as otherwise provided in the applicable Agreements, either: (i) the surviving or resulting corporation or the successor to the business of the Company shall assume all Options outstanding under this Plan or shall substitute similar options for those outstanding under this Plan, or (ii) such Options shall continue in full force and effect; provided that, if such surviving or resulting corporation or such successor refuses to assume or continue such Options or to substitute similar options for those outstanding under this Plan, and if the nature and terms of employment or engagement, including compensation and benefits, of thethe Exhibit B - 9 01435\040\8330619.v3

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (Simpson Manufacturing Co Inc /Ca/)

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Option Awards. On a Change in Control, except as otherwise provided in the applicable Agreements, either: (i) the surviving or resulting corporation or the successor to the business of the Company shall assume all Options outstanding under this Plan or shall substitute similar options for those outstanding under this Plan, or (ii) such Options shall continue in full force and effect; provided that, if such surviving or resulting corporation or such successor refuses to assume or continue such Options or to substitute similar options for those outstanding under this Plan, and if the nature and terms of employment or engagement, including compensation and benefits, of thethe Exhibit B - 9 01435\040\8330589.v3

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (Simpson Manufacturing Co Inc /Ca/)

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