Other Events Causing Termination of Option. Notwithstanding anything to the contrary contained in this Agreement, the Option shall terminate upon the consummation of any of the following events, or, if later, the thirtieth day following the first date upon which such event shall have been approved by both the Board and the shareholders of the Company: (i) the dissolution or liquidation of the Company; or (ii) a sale of substantially all of the property and assets of the Company, unless the terms of such sale shall provide otherwise.
Appears in 17 contracts
Sources: Non Qualified Stock Option Agreement (Keystone Automotive Industries Inc), Non Qualified Stock Option Agreement (Keystone Automotive Industries Inc), Non Qualified Stock Option Agreement (Keystone Automotive Industries Inc)
Other Events Causing Termination of Option. Notwithstanding anything to the contrary contained in this Agreement, the Option shall terminate upon the consummation of any of the following events, or, if later, the thirtieth day following the first date upon which such event shall have been approved by both the Board and the shareholders of the Company:
(i) the dissolution or liquidation of the Company; or
(ii) a sale of substantially all of the property and assets of the Company, unless the terms of such sale shall provide otherwise.
Appears in 4 contracts
Sources: Stock Option Agreement (Paula Financial), Stock Option Agreement (Paula Financial), Stock Option Agreement (Paula Financial)
Other Events Causing Termination of Option. Notwithstanding anything to the contrary contained in this Agreement, the Option shall terminate upon the consummation of any of the following events, or, if later, the thirtieth day following the first date upon which such event shall have been approved by both the Board and the shareholders of the Company:
(i) the dissolution or liquidation of the Company; or
(ii) a sale or lease of all or substantially all of the property and assets of the Company, unless the terms term of such sale or lease shall provide otherwise.
Appears in 3 contracts
Sources: Stock Option Agreement (Valuestar Corp), Incentive and Non Statutory Stock Option Agreement (Valuestar Corp), Nonqualified Stock Option Agreement (Valuestar Corp)
Other Events Causing Termination of Option. Notwithstanding ------------------------------------------ anything to the contrary contained in this Agreement, the Option shall terminate upon the consummation of any of the following events, or, if later, the thirtieth day following the first date upon which such event shall have been approved by both the Board and the shareholders stockholders of the Company, or upon such later date as shall be determined by the Board:
(i) the dissolution or liquidation of the Company; or
(ii) a sale of substantially all of the property and assets of the Company, unless the terms of such sale shall provide otherwise.
Appears in 3 contracts
Sources: Stock Option Agreement (Thousand Trails Inc /De/), Stock Option Agreement (Thousand Trails Inc /De/), Stock Option Agreement (Shaw William J)
Other Events Causing Termination of Option. Notwithstanding ------------------------------------------ anything to the contrary contained in this Agreement, the Option shall terminate upon the consummation of any of the following events, or, if later, the thirtieth day following the first date upon which such event shall have been approved by both the Board and the shareholders of the Company:
(iI) the dissolution or liquidation of the Company; or
(iiII) as a sale of substantially all of the property and assets of the Company, unless the terms of such sale shall provide otherwise.
Appears in 2 contracts
Sources: Employment Agreement (East West Bancorp Inc), Employment Agreement (East West Bancorp Inc)
Other Events Causing Termination of Option. Notwithstanding anything to the contrary contained in this Agreement, the Option shall terminate upon the consummation of any of the following events, or, if later, the thirtieth day following the first date upon which such event shall have been approved by both the Board and the shareholders stockholders of the Company:
(i) the dissolution or liquidation of the Company; or
(ii) a sale of substantially all of the property and assets of the Company, unless the terms of such sale shall provide otherwise.
Appears in 2 contracts
Sources: Nonqualified Stock Option Agreement (Transcrypt International Inc), Stock Option Agreement (Transcrypt International Inc)
Other Events Causing Termination of Option. Notwithstanding ------------------------------------------ anything to the contrary contained in this Agreement, the Option shall terminate upon on the thirtieth day following the date of the consummation of any either of the following events, or, if later, or upon such later date as shall be determined by the thirtieth day following the first date upon which such event shall have been approved by both the Board and the shareholders of the CompanyAdministrator:
(i) the dissolution or liquidation of the Company; or
(ii) a sale the acquisition of substantially all of the property and assets of the CompanyCompany by any person or entity, unless the terms of such sale acquisition shall provide otherwise.
Appears in 2 contracts
Sources: Non Qualified Stock Option Agreement (Standard Pacific Corp /De/), Non Qualified Director's Stock Option Agreement (Standard Pacific Corp /De/)
Other Events Causing Termination of Option. Notwithstanding anything to the contrary contained in this Agreement, the Option shall terminate upon the consummation of any of the following events, or, if later, the thirtieth day following the first date upon which such event shall have been approved by both the Board and the shareholders stockholders of the Company:
(i) the dissolution or liquidation of the Company; or;
(ii) a sale of substantially all of the property and assets of the Company, unless the terms of such sale shall provide otherwise; or
(iii) a Change of Control, if the Committee elects to terminate the Option in connection therewith.
Appears in 2 contracts
Sources: Incentive Stock Option Agreement (Aftermarket Technology Corp), Non Qualified Stock Option Agreement (Aftermarket Technology Corp)
Other Events Causing Termination of Option. Notwithstanding ------------------------------------------ anything to the contrary contained in this Agreement, the Option shall terminate upon the consummation of any of the following events, or, if later, the thirtieth day following the first date upon which such event shall have been approved by both the Board and the shareholders of the Company:
(i) the dissolution or liquidation of the Company; or
(ii) a sale of substantially all of the property and assets of the Company, unless the terms of such sale shall provide otherwise.
Appears in 2 contracts
Sources: Non Qualified Stock Option Agreement (Keystone Automotive Industries Inc), Incentive Stock Option Agreement (Keystone Automotive Industries Inc)
Other Events Causing Termination of Option. Notwithstanding anything to the contrary contained in this Agreement, the Option shall terminate upon the consummation of any of the following events, or, if later, the thirtieth day following the first date upon which such event shall have been approved by both the Board and the shareholders of the Company:
(i) the dissolution or liquidation of the Company; or
(ii) a sale of substantially all of the property and assets of the Company, unless the terms of such sale shall provide otherwise.
Appears in 2 contracts
Sources: Non Qualified Stock Option Agreement (GBC Bancorp), Incentive Stock Option Agreement (GBC Bancorp)
Other Events Causing Termination of Option. Notwithstanding ------------------------------------------ anything to the contrary contained in this Agreement, the Option shall terminate upon the consummation of any of the following events, or, if later, the thirtieth day following the first date upon which such event shall have been approved by both the Board and the shareholders of the Company:
(i) the dissolution or liquidation of the Company; or
(ii) a sale of substantially all of the property and assets of the CompanyCompany which would not be deemed a Change of Control under Section 2(a) above, unless the terms of such sale shall provide otherwise.
Appears in 1 contract
Sources: Incentive Stock Option Agreement (United Panam Financial Corp)
Other Events Causing Termination of Option. Notwithstanding anything to the contrary contained in this Agreement, the Option shall terminate upon the consummation of any of the following events, or, if later, the thirtieth day following the first date upon which such event shall have been approved by both the Board and the shareholders stockholders of the Company:
: (i) the dissolution or liquidation of the Company; or
(ii) a sale of substantially all of the property and assets of the Company, unless the terms of such sale shall provide otherwise; or (iii) a Change of Control, if the Committee elects to terminate the Option in connection therewith. 3.
Appears in 1 contract
Sources: Stock Option Agreement (Astor Corp)
Other Events Causing Termination of Option. Notwithstanding anything to the contrary contained in this Agreement, the Option shall terminate upon the consummation of any of the following events, or, if later, the thirtieth day following the first date upon which such event shall have been approved by both the Board and the shareholders of the Company:
(i) the dissolution or liquidation of the Company; or
(ii) a sale of substantially all of the property and assets of the CompanyCompany which would not be deemed a Change of Control under Section 2(a) above, unless the terms of such sale shall provide otherwise.
Appears in 1 contract
Sources: Incentive Stock Option Agreement (United Panam Financial Corp)
Other Events Causing Termination of Option. Notwithstanding ------------------------------------------ anything to the contrary contained in this Agreement, the Option shall terminate upon on the thirtieth day following the date of the consummation of any either of the following events, or, if later, or upon such later date as shall be determined by the thirtieth day following the first date upon which such event shall have been approved by both the Board and the shareholders of the CompanyCommittee:
(i) the dissolution or liquidation of the Company; or;
(ii) a sale the acquisition of substantially all of the property and assets of the CompanyCompany by any person or entity, unless the terms of such sale acquisition shall provide otherwise.
Appears in 1 contract
Sources: Non Qualified Stock Option Agreement (It Group Inc)
Other Events Causing Termination of Option. Notwithstanding anything ------------------------------------------ to the contrary contained in this Agreement, the Option shall terminate upon on the thirtieth day following the date of the consummation of any either of the following events, or, if later, or upon such later date as shall be determined by the thirtieth day following the first date upon which such event shall have been approved by both the Board and the shareholders of the CompanyAdministrator:
(i) the dissolution or of liquidation of the Company; or
(ii) a sale the acquisition of substantially all of the property and assets of the CompanyCompany by any person or entity, unless the terms of such sale acquisition shall provide otherwise.
Appears in 1 contract
Sources: Incentive Stock Option Agreement (Standard Pacific Corp /De/)
Other Events Causing Termination of Option. Notwithstanding anything to the contrary contained in this Agreement, the Option shall terminate upon the consummation of any of the following events, or, if later, the thirtieth day following the first date upon which such event shall have been approved by both the Board and the shareholders stockholders of the Company:
(i) the dissolution or liquidation of the Company; or
(ii) a sale of substantially all of the property and assets of the Company, unless the terms of such sale shall provide otherwise.
Appears in 1 contract
Sources: Incentive Stock Option Agreement (Altris Software Inc)