Common use of Termination On or After a Change in Control Clause in Contracts

Termination On or After a Change in Control. If the Optionee’s employment or contractual relationship terminates for reasons other than those described in the preceding Sections 6(b) or 6(c) on or after the occurrence of a Change of Control due to an involuntary termination within the meaning of Treasury Regulation Section 1.409A-1(n) (including, without limitation, termination by the Optionee for “good reason” within the meaning of Section 1.409a-1(n)(2)), then the Option shall terminate, to the extent not previously exercised, in accordance with Section 6(a).

Appears in 3 contracts

Samples: Stock Option Agreement (Courtside Group, Inc.), Stock Option Agreement (Loton, Corp), Stock Option Agreement (Content Checked Holdings, Inc.)

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Termination On or After a Change in Control. If the Optionee’s employment or contractual relationship terminates for reasons other than those described in the preceding Sections 6(b) or 6(c) on or after the occurrence of a Change of Control due to an involuntary termination within the meaning of Treasury Regulation Section 1.409A-1(n) (including, without limitation, termination by the Optionee for “good reason” within the meaning meaing of Section 1.409a-1(n)(2)), then the Option shall terminate, to the extent not previously exercised, in accordance with Section 6(a).

Appears in 1 contract

Samples: Stock Option Agreement (Ekso Bionics Holdings, Inc.)

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