Common use of Substitution of Awards on Merger or Acquisition Clause in Contracts

Substitution of Awards on Merger or Acquisition. The Committee may grant Awards in substitution for stock awards, stock options, stock appreciation rights, restricted stock or similar awards held by an individual who becomes an employee of the Company or an Affiliate in connection with a transaction to which section 424(a) of the Code applies. The terms of such substituted Awards shall be determined by the Committee in its sole discretion, subject only to the limitations of Article IV.

Appears in 2 contracts

Samples: Stock Incentive Plan (National Health Investors Inc), 2012 Stock Incentive Plan (National Health Investors Inc)

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Substitution of Awards on Merger or Acquisition. The Committee may grant Awards in substitution for stock awards, stock options, stock appreciation rights, restricted stock or similar awards held by an individual who becomes an employee of the Company or an Affiliate a Subsidiary in connection with a transaction to which section 424(a) of the Code applies. The terms of such substituted Awards shall be determined by the Committee in its sole discretion, subject only to the limitations of Article IV.

Appears in 2 contracts

Samples: 2016 Stock Option Plan (Heritage Global Inc.), 2016 Stock Option Plan (Heritage Global Inc.)

Substitution of Awards on Merger or Acquisition. The Committee may grant Awards in substitution for stock awards, stock options, stock appreciation rights, restricted stock rights or similar awards held by an individual who becomes an employee of the Company or an Affiliate in connection with a transaction to which section 424(a) of the Code applies. The terms of such substituted Awards shall be determined by the Committee in its sole discretion, subject only to the limitations of Article IV.V.

Appears in 2 contracts

Samples: Incentive Stock Plan (Nova Corp \Ga\), 1994 Incentive Stock Plan (PMT Services Inc /Tn/)

Substitution of Awards on Merger or Acquisition. The Committee may grant Awards in substitution for stock awards, stock options, stock appreciation rights, restricted stock rights or similar awards held by an individual who becomes an employee of the Company or an Affiliate in connection with a transaction to which section Section 424(a) of the Code applies. The terms of such substituted Awards Options shall be determined by the Committee in its sole discretion, subject only to the limitations of Article IV4.

Appears in 2 contracts

Samples: 2005 Stock Incentive Plan (Pipeline Data Inc), 2005 Stock Incentive Plan (Pipeline Data Inc)

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Substitution of Awards on Merger or Acquisition. The Committee may grant Awards Options in substitution for stock awards, stock options, stock appreciation rights, restricted stock options or similar awards held by an individual who becomes an employee or director of the Company or an Affiliate in connection with a transaction to which section 424(a) of the Code applies. The terms of such substituted Awards shall be determined by the Committee in its sole discretion, subject only to the limitations of Article IV.

Appears in 2 contracts

Samples: 1994 Non Employee Director Stock Option Plan (Nova Corp \Ga\), 1994 Non Employee Director Stock Option Plan (PMT Services Inc /Tn/)

Substitution of Awards on Merger or Acquisition. The Committee may grant Awards in substitution for stock awards, stock options, stock appreciation rights, restricted stock rights or similar awards held by an individual who becomes an employee of the Company or an Affiliate in connection with a transaction to which section 424(a) of the Code applies. The terms of such substituted Awards shall be determined by the Committee in its sole discretion, subject only to the limitations of Article IV5.

Appears in 1 contract

Samples: Restricted Stock Plan (Washington Mutual Inc)

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