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ATVI » Topics » (b) In the event that the Executive is an employee of the Company at the moment immediately prior to a Change of Control:

This excerpt taken from the ATVI DEFA14A filed Dec 6, 2007.

(b)           In the event that the Executive is an employee of the Company at the moment immediately prior to a Change of Control:

 

(i)                                     upon the consummation of the Change of Control, all Prior Options shall immediately vest and remain exercisable until their original expiration date, without regard to Executive’s continued employment with the Company pursuant to this Agreement and without regard to the terms of any option agreement or option certificate applicable to any Prior Options; and

 

(ii)                                  the Executive shall immediately vest, upon the consummation of the Change of Control, in the number of additional June Options equal to twenty (20%) percent of the June Options, and all vested June Options (including the June Options that vest in accordance with this Section 8(b)) will remain exercisable until the original expiration date of the June Options.

 

This excerpt taken from the ATVI 8-K filed Dec 6, 2007.

(b)           In the event that the Executive is an employee of the Company at the moment immediately prior to a Change of Control:

 

(i)                                     upon the consummation of the Change of Control, all Prior Options shall immediately vest and remain exercisable until their original expiration date, without regard to Executive’s continued employment with the Company pursuant to this Agreement and without regard to the terms of any option agreement or option certificate applicable to any Prior Options; and

 

(ii)                                  the Executive shall immediately vest, upon the consummation of the Change of Control, in the number of additional June Options equal to twenty (20%) percent of the June Options, and all vested June Options (including the June Options that vest in accordance with this Section 8(b)) will remain exercisable until the original expiration date of the June Options.

 

EXCERPTS ON THIS PAGE:

DEFA14A
Dec 6, 2007
8-K
Dec 6, 2007

RELATED TOPICS for ATVI:

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