Assumption by Successor. Upon the reorganization, merger or consolidation of the Company with one or more corporations as a result of which the Company is not the surviving corporation, the Board shall cause the surviving corporation to assume this Option by converting this Option into an option to purchase the stock of such successor or a parent or subsidiary thereof, pursuant to the terms hereof.
Appears in 36 contracts
Samples: Stock Option Agreement (Pollution Research & Control Corp /Ca/), Stock Option Agreement (Pollution Research & Control Corp /Ca/), Stock Option Agreement (Pollution Research & Control Corp /Ca/)
Assumption by Successor. Upon the reorganization, merger or ----------------------- consolidation of the Company with one or more corporations as a result of which the Company is not the surviving corporation, the Board shall cause the surviving corporation to assume this the Option by converting this the Option into an option to purchase the stock of such successor or a parent or subsidiary thereof, with appropriate adjustments as to the number and kind of shares and prices, pursuant to the terms hereof.
Appears in 7 contracts
Samples: Incentive Stock Option Agreement (Shopping Com), Incentive Stock Option Agreement (Shopping Com), Incentive Stock Option Agreement (Shopping Com)
