Dissolution or Liquidation. In the event of the dissolution or liquidation of the Company other than as part of a Change in Control, each Award will terminate immediately prior to the consummation of such action, subject to the ability of the Committee to exercise any discretion authorized in the case of a Change in Control.
Dissolution or Liquidation. To the extent not previously exercised or settled, Options, SARs and Stock Units shall terminate immediately prior to the dissolution or liquidation of the Company.
Dissolution or Liquidation. In the event of the proposed dissolution or liquidation of the Company, the Administrator shall notify each Participant as soon as practical prior to the effective date of the proposed transaction. The Administrator will provide for a Participant to have the right to exercise his Award, to the extent applicable, until ten (10) days prior to the transaction as to all of the Awarded Stock covered thereby, including Shares as to which the Award would not otherwise be exercisable. In addition, the Administrator may provide that any Company repurchase option or forfeiture rights applicable to any Award shall fully lapse, and that any Award shall vest in full, provided that the proposed dissolution or liquidation takes place at the time and in the manner contemplated. To the extent that it has not been previously exercised or vested, an Award shall terminate immediately prior to the consummation of such proposed action.
Dissolution. The Company shall dissolve, and its affairs shall be wound up upon the first to occur of the following: # the written consent of the Member; and # the entry of a decree of dissolution under Section 18-802 of the Act.
A plan of liquidation or dissolution is adopted for the Company; or
to effect any liquidation, dissolution or winding-up of the Company; or
Approval by the Company's stockholders of a liquidation or dissolution of the Company.
the consummation of a plan of complete liquidation or dissolution of the Company.
Constituting the liquidation group and exercising the authorities of the liquidation group in the event of liquidation or dissolution of the Company, including but not limited to the management of the Companys assets; and
approval by the shareholders of Employer of a complete dissolution or liquidation of Employer;
the allocation right in respect of the remaining assets after Party Bs bankruptcy, liquidation, dissolution or termination; and
the shareholders of the Company shall approve any plan or proposal for the complete liquidation or dissolution of the Company;
no Subject Company shall adopt a plan of complete or partial liquidation, dissolution, merger, consolidation, restructuring, recapitalization or other reorganization;
SECTION #Dissolution. No Loan Party nor any Subsidiary of a Loan Party (other than any Structured Subsidiary or any Immaterial Subsidiary) shall suffer or permit dissolution or liquidation either in whole or in part or redeem or retire any shares of its own Capital Securities or that of any Subsidiary of a Loan Party (other than any Structured Subsidiary or any Immaterial Subsidiary), except: # through corporate or company reorganization to the extent permitted by [Section 5.17]; and # Restricted Payments permitted by [Section 5.12].; and # with respect to any Subsidiary, so long as # in connection with such dissolution or liquidation, any and all of the assets of such Subsidiary shall be distributed or otherwise transferred to a Loan Party and # such dissolution or liquidation is not materially adverse to the Lenders.
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