exercisability

Thomas Bradwardine noted in criticism of this account that a more plausible requirement on exercisability is that if an agent has a power to know that p and does not know that p, then he can exercise that power by knowing that p. Grosseteste has no reply to this objection; its answer would require a more thoroughgoing examination of the relation of power to time and change than Grosseteste gives (see Lewis 1996).

Robert Grosseteste Lewis, Neil 2007

The options become exercisable in three equal parts on the fi rst, second, and third anniversaries of the grant date; however, the Stock Option Plans Committee is authorized to accelerate exercisability at any time, and acceleration occurs automatically in the event of the optionee's death, disability, or retirement (under certain circumstances), or if certain events occur which would result in a change in control of the Company.

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The options become exercisable in three equal parts on the first, second, and third anniversaries of the grant date; however, the Stock Option Plans Committee is authorized to accelerate exercisability at any time, and acceleration occurs automatically in the event of the optionee's death, disability, or retirement (under certain circum - stances), or if certain events occur which would result in a change in control of the Company.

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Before the amendment, the beneficial ownership percentage threshold to set off exercisability of the rights was 15 percent.

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Notwithstanding the foregoing, no acceleration of exercisability, vesting or cash settlement will occur if the committee determines, prior to the change in control, that any stock option, stock appreciation right, restricted share or restricted unit will be replaced or otherwise honored by the new employer on terms that ensure the participant is not adversely affected.

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The shareholder rights plan was specifically amended so that the third-party investor's Class A interest in GMC is reflected Pillsbury transaction described in Note Two did not trigger as a minority interest on the consolidated balance sheet of the exercisability of the rights.

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Also, the exercisability of the option will likely vest in stages over time.

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Forward-looking statements in this press release relate to, among other things, the following: the distribution, exercisability and trading of the Rights, the effects of the Rights Plan, the redemption of the Rights, the expiration of the Rights Plan, and any other statements that are not historical facts.

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Any person or group that owns 4. 99\% or more of Selectica's outstanding common stock as of November 17, 2008 will not trigger exercisability of the rights, so long as they do not increase their beneficial ownership of common stock by 0. 5\% or more thereafter, unless upon becoming the beneficial owner of such additional common stock such person or group would beneficially own 15\% or more of Selectica's outstanding stock or would not beneficially own

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