Assignment of Repurchase Options. All outstanding rights of -------------------------------- Target which it may hold immediately prior to the Effective Time to repurchase unvested shares of Target Common Stock (the "Repurchase Options") shall be assigned to Acquiror in the Merger and shall thereafter be exercisable by Acquiror upon the same terms and conditions in effect immediately prior to the Effective Time, except that the shares purchasable pursuant to the Repurchase Options and the purchase price per share shall be adjusted to reflect the Common Exchange Ratio.
Appears in 1 contract
Samples: Agreement and Plan of Reorganization (Kana Communications Inc)
Assignment of Repurchase Options. All outstanding rights of -------------------------------- Target which it may hold immediately prior to the Effective Time to repurchase unvested shares of Target Common Stock (the "Repurchase Options") shall be assigned to Acquiror automatically in the Merger and shall thereafter be exercisable by Acquiror upon the same terms and conditions in effect immediately prior to the Effective Time, except that the shares purchasable pursuant to the Repurchase Options and the purchase price per share shall be adjusted to reflect the Common Exchange Ratio.
Appears in 1 contract
Samples: Agreement and Plan of Merger and Reorganization (Cisco Systems Inc)
Assignment of Repurchase Options. All outstanding rights of -------------------------------- Target which it may hold immediately prior to the Effective Time to repurchase unvested shares of Target Common Stock (the "Repurchase OptionsREPURCHASE OPTIONS") shall be assigned to Acquiror in the Merger and shall thereafter be exercisable by Acquiror upon the same terms and conditions in effect immediately prior to the Effective Time, except that the shares purchasable pursuant to the Repurchase Options and Options, the purchase exercise price per share shall be adjusted to reflect the Common Option Exchange Ratio.
Appears in 1 contract
Assignment of Repurchase Options. All outstanding rights of -------------------------------- Target which it may hold immediately prior to the Effective Time to repurchase unvested shares of Target Common Stock (the "Repurchase Options") shall be assigned to Acquiror in the Merger and shall thereafter be exercisable by Acquiror upon the same terms and conditions in effect immediately prior to the Effective Time, except that the shares purchasable pursuant to the Repurchase Options and the purchase price per share shall be adjusted to reflect the Common Exchange Ratio.
Appears in 1 contract
