Common use of Termination of Service following a Change of Control Clause in Contracts

Termination of Service following a Change of Control. Upon a termination of the Participant’s service pursuant to Section 5 above, the Option shall remain exercisable until the earlier of (i) one (1) year following such termination of service and (ii) the expiration of the Option Term.

Appears in 2 contracts

Samples: Nonqualified Stock Option Award Agreement (Generac Holdings Inc.), Nonqualified Stock Option Award Agreement (Generac Holdings Inc.)

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Termination of Service following a Change of Control. Upon a termination of the Participant’s 's service pursuant to Section 5 above, the Option shall remain exercisable until the earlier of (i) one (1) year following such termination of service and (ii) the expiration of the Option Term.

Appears in 2 contracts

Samples: Nonqualified Stock Option Award Agreement (Amc Entertainment Inc), Nonqualified Stock Option Award Agreement (Marquee Holdings Inc.)

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Termination of Service following a Change of Control. Upon a termination of the Participant’s service pursuant to Section 5 above, the Option shall remain exercisable until the earlier of (i) one (1) year following such termination of service and (ii) the expiration of the Option Term.

Appears in 2 contracts

Samples: Nonqualified Stock Option Award Agreement (Generac Holdings Inc.), Nonqualified Stock Option Award Agreement (Generac Holdings Inc.)

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