Common use of Reorganization Event or Change in Control Event Clause in Contracts

Reorganization Event or Change in Control Event. Upon the occurrence of a Reorganization Event (as defined below) that is not a Change in Control Event (as defined below), this Agreement shall be assumed by the acquiring or succeeding entity (or an affiliate thereof) and shall apply to the cash, securities or other property that the Common Stock was converted into or exchanged for pursuant to such Reorganization Event in the same manner and to the same extent as they applied to the Common Stock subject to this Agreement. Upon the occurrence of a Change in Control Event (regardless of whether such event also constitutes a Reorganization Event), all restrictions and conditions on any Restricted Shares then outstanding shall automatically be deemed terminated or satisfied in full, as applicable, immediately prior to the consummation of the Change in Control Event. For the purposes of this Section 7, “Reorganization Event” and “Change in Control Event” shall have the meanings ascribed to such terms in the Company’s 2014 Stock Incentive Plan adopted by the Company’s board of directors on June 16, 2014.