Acceleration Event

Acceleration Event. An "Acceleration Event" shall mean the occurrence of an event described in clause (A) or (B), as follows: (A) the employment of the Optionee is terminated by the Company without "cause," as such term is defined in any employment agreement, employment offer letter, severance agreement, or other similar agreement between the Optionee and the Company (regardless of whether such agreement exists on the date of this Agreement or is entered into hereafter), and (B) the occurrence of a Change in... Control. View More

Acceleration Event. Means one of: (i) a Change of Control, or (ii) a sale of all or substantially all of the Business by CLNE or a Purchaser.

Acceleration Event. Means the acceleration prior to the stated final maturity of, or the failure to pay at stated final maturity, any of the Primary Obligations (as defined in Section 18(b)); provided, that any such Acceleration Event shall cease to exist upon payment in full of the Primary Obligations so accelerated or not paid.

Acceleration Event. (i), at the sole discretion of the Company's Incumbent Management Committee, upon the vote of a majority of the Incumbent Management Committee to accelerate the Company's 2002 Long-Term Retention and Incentive Plan, which vote shall occur six months following the Termination of Employment of the Chief Executive Officer of the Company for Deficient Opportunity or by the Company other than for Cause, death or Disability, if, within 60 days following such termination, a successor chief executive... officer of the Company fails to assume office who is either (A) a member of the Incumbent Management Committee or (B) a person approved by a majority of the Incumbent Management Committee, or (ii) any stock options granted under the Plan shall vest and become fully vested pursuant to Section 3.3(b)(1) of the Initial Public Offering Agreement made and entered into as of September 30, 1999, by and among The PNC Financial Services Group, Inc. ('PNC'), PNC Asset Management, Inc., and the Company, as amended (the 'IPO Agreement'). For purposes of clause (ii), if no stock options are outstanding under the Plan, but if such options had been outstanding and would have become vested and exercisable pursuant to Section 3.3(b)(1) of the IPO Agreement, then an Acceleration Event shall be deemed to have occurred. View More

Acceleration Event. Means, with respect to a Participant with an Account under the Plan, the occurrence of any of the following: (1) the Participant's death, (2) the Participant's Disability, or (3) the Participant attaining age 75.

Acceleration Event. Means a Deemed Liquidation Event; provided, however, that a transaction shall not constitute an Acceleration Event if its sole purpose is to change the state of the Company's incorporation. Notwithstanding the prior sentence, the sale of shares of capital stock of the Company in a financing transaction shall not be deemed an "Acceleration Event."

Acceleration Event. The meaning set forth in the Business Combination Agreement

Acceleration Event. (i) the closing of the sale, transfer or other disposition of all or substantially all of the Corporation's assets or equity securities, (ii) the consummation of the merger or consolidation of the Corporation with or into another entity (except a merger or consolidation in which the holders of equity securities of the Corporation immediately prior to such merger or consolidation continue to hold directly at least 50% of the voting power of the equity securities of the Corporation or the... surviving entity), (iii) the closing of the transfer (whether by merger, consolidation or otherwise), in one transaction or a series of related transactions, to a person or group of affiliated persons (other than an underwriter of the Corporation's securities), of the Corporation's voting securities if, after such closing, such person or group of affiliated persons would hold, directly or indirectly, 50% or more of the outstanding voting securities of the Corporation in a transaction structured as a business combination (or the surviving or acquiring entity), or (iv) a liquidation, dissolution or winding up of the Corporation; provided, however, that a transaction shall not constitute an Acceleration Event if its sole purpose is to change the state of the Corporation's incorporation. View More