Common use of Exercises Under Multiple Option Agreements Clause in Contracts

Exercises Under Multiple Option Agreements. Notwithstanding anything herein to the contrary, if in connection with a Partial Sale, the Optionee shall be entitled to acquire shares of Common Stock pursuant to Section 4.2 hereof and pursuant to the analogous provisions of one or more other stock option agreements between the Optionee and the Company (any such agreement, including this Agreement, an "Option Agreement"), then the Company shall have the right, at its option, to designate the Option Agreement or Option Agreements pursuant to which the Optionee may exercise options for purposes of the Optionee's participation in the Partial Sale, provided that in no event shall any such determination reduce the aggregate number of shares that the Optionee would otherwise be entitled to sell in connection with such Partial Sale.

Appears in 1 contract

Sources: Stock Option Agreement (Yankee Candle Co Inc)

Exercises Under Multiple Option Agreements. Notwithstanding anything herein to the contrary, if in connection with a Partial Sale, the Optionee shall be entitled to acquire shares of Class A Common Stock pursuant to Section 4.2 4.3 hereof and pursuant to the analogous provisions of one or more other stock option agreements between the Optionee and the Company (any such agreement, including this Agreement, an "Option Agreement"), then the Company shall have the right, at its option, to designate the Option Agreement or Option Agreements pursuant to which the Optionee may exercise options for purposes of the Optionee's participation in the Partial Sale, provided that in no event shall any such determination reduce the aggregate number of shares that the Optionee would otherwise be entitled to sell in connection with such Partial Sale.

Appears in 1 contract

Sources: Stock Option Agreement (Citadel Broadcasting Corp)