Reorganization in Which the Company Is the Surviving Entity Sample Clauses

The 'Reorganization in Which the Company Is the Surviving Entity' clause defines the terms and conditions that apply when the company undergoes a merger, consolidation, or similar restructuring but continues to exist as the surviving legal entity. Typically, this clause outlines how existing rights, obligations, and contracts—such as stock options or employment agreements—will be treated, ensuring they remain in effect or are adjusted as necessary. Its core function is to provide continuity and certainty for stakeholders by clarifying that the company's ongoing existence preserves contractual relationships and obligations despite the reorganization.
Reorganization in Which the Company Is the Surviving Entity. Subject to Section 5.3, if the Company shall be the surviving entity in any reorganization, merger or consolidation of the Company with one or more other entities, the Restricted Share Award shall pertain to and apply to the securities to which a holder of the number of Shares subject to the Restricted Share Agreement would have been entitled immediately following such reorganization, merger or consolidation.
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Reorganization in Which the Company Is the Surviving Entity. Subject to Section 8.3, if the Company shall be the surviving entity in any reorganization, merger or consolidation of the Company with one or more other entities, the Option shall pertain to and apply to the securities to which a holder of the number of Shares subject to the Option would have been entitled immediately following such reorganization, merger or consolidation, with a corresponding proportionate adjustment of the Option Price per Share so that the aggregate Option Price thereafter shall be the same as the aggregate Option Price of the Shares remaining subject to the Option immediately prior to such reorganization, merger or consolidation.
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Related to Reorganization in Which the Company Is the Surviving Entity

  • Bylaws of the Surviving Corporation The Bylaws of Company, as in effect immediately prior to the Effective Time, will be the Bylaws of the Surviving Corporation until thereafter amended in accordance with applicable law.

  • Reorganization of the Company The existence of this Award Agreement shall not affect in any way the right or power of the Company or its stockholders to make or authorize any or all adjustments, recapitalizations, reorganizations or other changes in the Company’s capital structure or its business; any merger or consolidation of the Company; any issue of bonds, debentures, preferred or prior preference stock ahead of or affecting the Restricted Stock or the rights thereof; the dissolution or liquidation of the Company, or any sale or transfer of all or any part of its assets or business, or any other corporate act or proceeding, whether of a similar character or otherwise.

  • Merger of Merger Sub into the Company Upon the terms and subject to the conditions set forth in this Agreement, at the Effective Time (as defined in Section 1.3), Merger Sub shall be merged with and into the Company, and the separate existence of Merger Sub shall cease. The Company will continue as the surviving corporation in the Merger (the "Surviving Corporation").

  • The Surviving Corporation Section 3.01.

  • Certificate of Incorporation of the Surviving Corporation The Certificate of Incorporation of the Company, as in effect immediately prior to the Effective Time, shall be the Certificate of Incorporation of the Surviving Corporation.