Common use of Notwithstanding Section 4 Clause in Contracts

Notwithstanding Section 4. 1.1 above, in accordance with the provisions of the Plan, the Option granted under this Option Agreement shall become immediately exercisable upon the occurrence, after the Date of Grant, of a Change in Control (as defined in Section 10 below) if the Optionee is an employee of the Corporation or any Subsidiary on the date of the consummation of such Change in Control.]

Appears in 1 contract

Sources: Nonqualified Stock Option Agreement (Aci Worldwide, Inc.)

Notwithstanding Section 4. 1.1 above, in accordance with the provisions of the Plan, the Option granted under this Option Agreement shall become immediately exercisable upon the occurrence, after the Date of Grant, occurrence of a Change in Control (as defined in Section 10 below) if the Optionee is an employee of the Corporation or any Subsidiary on the date of the consummation of such Change in Control.]

Appears in 1 contract

Sources: Nonqualified Stock Option Agreement (Transaction Systems Architects Inc)

Notwithstanding Section 4. 1.1 above, in accordance with the provisions of the Plan, the Option granted under this Option Agreement shall become immediately exercisable upon the occurrence, after the Date of Grant, of a Change in Control (as defined in Section 10 below) if the Optionee is an employee of the Corporation or any Subsidiary on the date of the consummation of such Change in Control.]

Appears in 1 contract

Sources: Nonqualified Stock Option Agreement (Aci Worldwide, Inc.)