Section 16(b) of the Exchange Act. This Agreement is intended to comply in all respects with Section 16(b) of the Exchange Act. Notwithstanding anything contained in this Agreement to the contrary, if the consummation of any transaction under this Agreement, or the taking of any action by the Committee in connection with a change in control of the Company, would result in the possible imposition of liability on the Optionee pursuant to Section 16(b) of the Exchange Act, the Committee shall have the right, in its sole discretion, but shall not be obligated, to defer such transaction or the effectiveness of such action to the extent necessary to avoid such liability, but in no event for a period longer than 180 days.
Appears in 5 contracts
Samples: Employee Inducement Non Qualified Stock Option Agreement (Orthofix Medical Inc.), Employee Inducement Non Qualified Stock Option Agreement (Orthofix Medical Inc.), Inducement Grant Non Qualified Stock Option Agreement (Orthofix International N V)
Section 16(b) of the Exchange Act. This Agreement is intended to comply in all respects with Section 16(b) of the Exchange Act. Notwithstanding anything contained in this Agreement to the contrary, if the consummation of any transaction under this Agreement, or the taking of any action by the Committee in connection with a change in control of the Company, would result in the possible imposition of liability on the Optionee Award Recipient pursuant to Section 16(b) of the Exchange Act, the Committee shall have the right, in its sole discretion, but shall not be obligated, to defer such transaction or the effectiveness of such action to the extent necessary to avoid such liability, but in no event for a period longer than 180 days.
Appears in 2 contracts
Samples: Employee Inducement Restricted Stock Unit Agreement (Orthofix Medical Inc.), Employee Inducement Restricted Stock Unit Agreement (Orthofix Medical Inc.)
