Vesting and Cancellation. Except as otherwise provided in Section 5(b), in the event of a Change in Control, all then-outstanding Options (whether vested or unvested) shall be canceled in exchange for a payment having a value equal to the excess, if any, of (i) the product of the Change in Control Price multiplied by the aggregate number of shares covered by all such Options immediately prior to the Change in Control over (ii) the aggregate Option Price for all such shares, to be paid as soon as reasonably practicable, but in no event later than 30 days following the Change in Control.
Appears in 8 contracts
Samples: Employee Stock Option Agreement, Employee Stock Option Agreement (Servicemaster Global Holdings Inc), Employment Agreement (Frontdoor, Inc.)
Vesting and Cancellation. Except as otherwise provided in this Section 5(b6(a), in the event of a Change in Control, all then-outstanding Options (whether vested or unvested) shall be canceled in exchange for a payment having a value equal to the excess, if any, of (i) the product of the Change in Control Price multiplied by the aggregate number of shares covered by all such Options immediately prior to the Change in Control over (ii) the aggregate Option Price for all such shares, to be paid as soon as reasonably practicable, but in no event later than 30 days following the Change in Control.
Appears in 5 contracts
Samples: Employee Stock Option Agreement (Hertz Corp), Employee Stock Option Agreement (Hertz Corp), Employee Stock Option Agreement (Hertz Corp)
Vesting and Cancellation. Except as otherwise provided in this Section 5(b)8, in the event of a Change in Control, all then-outstanding unvested Options (whether vested or unvested) shall vest and all Options shall be canceled in exchange for a payment having a value equal to the excess, if any, of (i) the product of the Change in Control Price multiplied by the aggregate number of shares covered by all such Options immediately prior to the Change in Control over (ii) the aggregate Option Aggregate Price for all such shares, to be paid as soon as reasonably practicable, but in no event later than 30 days following the Change in Control.
Appears in 4 contracts
Samples: Employee Stock Option Agreement (Fidelity & Guaranty Life), Employee Stock Option Agreement (Fidelity & Guaranty Life), Employee Stock Option Agreement (Fidelity & Guaranty Life)
Vesting and Cancellation. Except as otherwise provided in this Section 5(b7(a), in the event of a Change in Control, all then-outstanding Options (whether vested or unvested) shall be canceled in exchange for a payment having a value equal to the excess, if any, of (i) the product of the Change in Control Price multiplied by the aggregate number of shares covered by all such Options immediately prior to the Change in Control over (ii) the aggregate Option Price for all such shares, to be paid as soon as reasonably practicable, but in no event later than 30 days following the Change in Control.
Appears in 2 contracts
Samples: Employee Stock Option Agreement (VWR International, Inc.), Employee Stock Option Agreement (VWR International, Inc.)
Vesting and Cancellation. Except as otherwise provided in this Section 5(b)6, in the event of a Change in Control, all then-outstanding Options (whether vested or unvested) shall be canceled in exchange for a payment having a value equal to the excess, if any, of (i) the product of the Change in Control Price multiplied by the aggregate number of shares covered by all such Options immediately prior to the Change in Control over (ii) the aggregate Option Price for all such shares, to be paid as soon as reasonably practicable, but in no event later than 30 days following the Change in Control.
Appears in 2 contracts
Samples: Employee Stock Option Agreement (SiteOne Landscape Supply, Inc.), Employee Stock Option Agreement (Unistrut International Holdings, LLC)
Vesting and Cancellation. Except as otherwise provided in this Section 5(b)5, in the event of a Change in Control, all then-outstanding Options (whether vested or unvested) shall be canceled in exchange for a payment having a value equal to the excess, if any, of (i) the product of the Change in Control Price multiplied by the aggregate number of shares covered by all such Options immediately prior to the Change in Control over (ii) the aggregate Option Price for all such shares, to be paid as soon as reasonably practicable, but in no event later than 30 days following the Change in Control.
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Vesting and Cancellation. Except as otherwise provided in this Section 5(b5(a), in the event of a Change in Control, all then-outstanding Options (whether vested or unvested) shall be canceled in exchange for a payment having a value equal to the excess, if any, of (i) the product of the Change in Control Price multiplied by the aggregate number of shares covered by all such Options immediately prior to the Change in Control over (ii) the aggregate Option Price for all such shares, to be paid as soon as reasonably practicable, but in no event later than 30 days following the Change in Control.
Appears in 1 contract
Samples: Director Stock Option Agreement (Hertz Global Holdings Inc)
Vesting and Cancellation. Except as otherwise provided in this Section 5(b6(a), in the event of a Change in Control, all then-outstanding Options (whether vested or unvested) shall be canceled in exchange for a payment having a value equal to the excess, if any, of (i) the product of the Change in Control Price multiplied by the aggregate number of shares (whether vested or unvested) covered by all such Options immediately prior to the Change in Control over (ii) the aggregate Option Price for all such shares, to be paid as soon as reasonably practicable, but in no event later than 30 days following the Change in Control.
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Vesting and Cancellation. Except as otherwise provided in Section 5(b6(b) or Section 6(c), in the event of a Change in Control, all then-outstanding Options (whether vested or unvested) shall be canceled in exchange for a payment having a value equal to the excess, if any, of (i) the product of the Change in Control Price multiplied by the aggregate number of shares covered by all such Options immediately prior to the Change in Control over (ii) the aggregate Option Price for all such shares, to be paid as soon as reasonably practicable, but in no event later than 30 days following the Change in Control.
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Vesting and Cancellation. Except as otherwise provided in Section 5(b) or Section 5(c), in the event of a Change in Control, all then-outstanding Options (whether vested or unvested) shall be canceled in exchange for a payment having a value equal to the excess, if any, of (i) the product of the Change in Control Price multiplied by the aggregate number of shares covered by all such Options immediately prior to the Change in Control over (ii) the aggregate Option Price for all such shares, to be paid as soon as reasonably practicable, but in no event later than 30 days following the Change in Control.
Appears in 1 contract
Samples: Employee Stock Option Agreement (Hertz Global Holdings Inc)
Vesting and Cancellation. Except as otherwise provided in Subject to Section 5(b6(b), in the event of upon a Change in Control, all then-vested Options then outstanding Options (whether vested or unvested) shall be canceled in exchange for a payment having a value equal to the excess, if any, of (i) the product of the Change in Control Price multiplied by the aggregate number of shares covered by all such Options immediately prior to the Change in Control over (ii) the aggregate Option Price for all such shares, to be paid as soon as reasonably practicable, but in no event later than 30 days following the Change in Control.
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