Common use of Effect on Option Clause in Contracts

Effect on Option. Notwithstanding the provisions of Section 9(b) of the Plan or Section 2 above, effective immediately prior to a Change in Control Event, this option shall automatically become immediately exercisable in full.

Appears in 5 contracts

Sources: Nonstatutory Stock Option Agreement (Microstrategy Inc), Nonstatutory Stock Option Agreement (Microstrategy Inc), Nonstatutory Stock Option Agreement (Microstrategy Inc)

Effect on Option. Notwithstanding the provisions of Section 9(b10(b) of the Plan or Section 2 above, effective immediately prior to a Change in Control Event, this the option shall automatically become immediately vested and exercisable in full.

Appears in 1 contract

Sources: Nonstatutory Stock Option Agreement (MICROSTRATEGY Inc)