Common use of Termination of Call Option Clause in Contracts

Termination of Call Option. In the event the Company becomes a Public Company, the Call Option shall immediately terminate as to any Option Shares issued upon exercise of the Option.

Appears in 2 contracts

Samples: Non Qualified Stock Option Agreement (General Nutrition Centers Inc), Stock Option Agreement (GNC Corp)

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Termination of Call Option. In the event the Company becomes a Public Company, the Call Option shall immediately terminate as to any Option Shares issued upon exercise of the OptionUnits purchased pursuant to this Agreement.

Appears in 1 contract

Samples: Subscription Agreement (Cherokee International LLC)

Termination of Call Option. In the event the Company becomes a Public Company, the Call Option shall immediately terminate as to any Option Shares issued Membership Units acquired upon exercise of the Option.

Appears in 1 contract

Samples: Unit Option Agreement (Cherokee International Finance Inc)

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Termination of Call Option. In the event the Company becomes a Public Company, the Call Option shall immediately terminate as to any Option Shares issued acquired upon exercise of the Option.

Appears in 1 contract

Samples: Stock Option Agreement (Cherokee International Corp)

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