Common use of Effect of Change in Control Clause in Contracts

Effect of Change in Control. The Committee may determine, at the time of granting a SAR or thereafter, that such SAR shall become fully exercisable as to all Common Shares subject to such SAR in the event that a Change in Control occurs with respect to the Company.

Appears in 44 contracts

Sources: 2020 Stock Incentive Plan (Nikola Corp), 2020 Stock Incentive Plan (Nikola Corp), 2020 Stock Incentive Plan (Vincerx Pharma, Inc.)

Effect of Change in Control. The Committee may determine, at the time of granting a SAR or thereafter, that such SAR shall become fully exercisable as to all Common Shares subject to such SAR in the event that a Change in Control occurs with respect to the Company.

Appears in 9 contracts

Sources: Inducement Award Plan (SITIME Corp), Business Combination Agreement (Pathfinder Acquisition Corp), 2024 Omnibus Incentive Plan (I-Mab)

Effect of Change in Control. The Committee may determine, at the time of granting a an SAR or thereafter, that such SAR shall become fully exercisable as to all or part of the Common Shares subject to such SAR in the event that the Company is subject to a Change in Control occurs with respect or in the event that the Optionee is subject to the Companyan Involuntary Termination after a Change in Control. In addition, acceleration of exercisability may be required under Section 11.3.

Appears in 3 contracts

Sources: Equity Incentive Plan (Alimera Sciences Inc), Equity Incentive Plan (Alimera Sciences Inc), Equity Incentive Plan (Alimera Sciences Inc)

Effect of Change in Control. The Committee may determine, at the time of granting a an SAR or thereafter, that such SAR shall become fully exercisable as to all Common Shares subject to such SAR in the event that the Company is subject to a Change in Control occurs with respect or in the event that the Optionee is subject to the Companyan Involuntary Termination after a Change in Control. In addition, acceleration of exercisability may be required under Section 10.3.

Appears in 2 contracts

Sources: 2016 Equity Incentive Plan (Vanda Pharmaceuticals Inc.), 1996a Stock Plan (Selectica Inc)

Effect of Change in Control. The Committee may determine, at the time of granting a SAR or thereafter, that such SAR shall become fully exercisable as to all Common Shares subject to such SAR in the event that a Change in Control occurs with respect to the Companyoccurs.

Appears in 1 contract

Sources: 2022 Stock Incentive Plan (CENNTRO ELECTRIC GROUP LTD)

Effect of Change in Control. The Committee may determine, at the ----------------------------- time of granting a an SAR or thereafter, that such SAR shall become fully exercisable as to all Common Shares subject to such SAR vested in the event that a Change in Control occurs with respect to the Company (and the Committee shall have the discretion to modify the definition of a Change in Control in a particular Award Agreement). If, at any time, the Committee finds that there is a reasonable possibility that, within six months or less, a Change in Control will occur with respect to the Company, then the Committee may determine that all outstanding SARs shall become exercisable on an accelerated basis.

Appears in 1 contract

Sources: Stock Option Plan (American Bingo & Gaming Corp)

Effect of Change in Control. The Committee may determine, at the time of granting a an SAR or thereafter, that such SAR shall become fully exercisable as to all or part of the Common Shares subject to such SAR in the event that the Company is subject to a Change in Control occurs with respect or in the event that the Optionee is subject to the Companyan Involuntary Termination after a Change in Control. In addition, acceleration of exercisability may be required under Section 10.3.

Appears in 1 contract

Sources: 2008 Equity Incentive Plan (Alimera Sciences Inc)

Effect of Change in Control. The Committee may determine, at the time of granting a an SAR or thereafter, that such SAR shall become fully exercisable as to all Common Shares subject to such SAR in the event that a Change in Control occurs with respect to the Company.

Appears in 1 contract

Sources: 2024 Stock Incentive Plan (Sow Good Inc.)

Effect of Change in Control. The Committee may determine, at the time of granting a SAR or thereafter, that such SAR shall become fully exercisable as to all Common Ordinary Shares subject to such SAR in the event that a Change in Control occurs with respect to the Company.

Appears in 1 contract

Sources: Award Agreement (Gorilla Technology Group Inc.)

Effect of Change in Control. The Committee may determine, at the time of granting a an SAR or thereafter, in a manner that meets the requirements of Code section 409A, that such SAR shall become fully exercisable as to all shares of Common Shares Stock subject to such SAR in the event that the Participant experiences a Qualifying Termination within twelve (12) months following a Change in Control occurs with respect Control. In addition, acceleration of exercisability may be required pursuant to the CompanyArticle 12.

Appears in 1 contract

Sources: Stock Appreciation Rights Agreement

Effect of Change in Control. The Committee may determine, at the time of granting a SAR or thereafter, that such SAR shall become fully exercisable as to all Common Shares subject to such SAR in the event that a Change in Control occurs with respect to the Company. If the Committee finds that there is a reasonable possibility that, within the succeeding six months, a Change in Control will occur with respect to the Company, then the Committee at its sole discretion may determine that any or all outstanding SARs shall become fully exercisable as to all Common Shares subject to such SARs.

Appears in 1 contract

Sources: 1998 Long Term Stock Incentive Plan (Zilog Inc)

Effect of Change in Control. The Committee may determine, at the time of granting a an SAR or thereafter, that such SAR shall become fully exercisable as to all Common Shares subject to such SAR in the event that a Change in Control occurs with respect to the Company.

Appears in 1 contract

Sources: 1997 Stock Incentive Plan (Nanogen Inc)

Effect of Change in Control. The Committee may determine, at the time of granting a SAR or thereafter, that such SAR shall become fully vested and exercisable as to all or part of the Common Shares subject to such SAR in the event that the Company is subject to a Change in Control occurs with respect or in the event that the Optionee is subject to the Companyan Involuntary Termination after a Change in Control. In addition, acceleration of vesting and exercisability may be required under Section 12.3.

Appears in 1 contract

Sources: Omnibus Long Term Incentive Plan (Cal-Maine Foods Inc)