Assumption of Options. The parties will use all commercially reasonable efforts to obtain the agreement of purchasers of the Non-core Assets to assume or substitute equivalent options or other economic benefits for the unvested Stel Options that would not qualify for accelerated vesting pursuant to Stel's Stock Option Plan as of the Effective Time held by Stel employees to be hired by such purchasers.
Appears in 4 contracts
Samples: Agreement and Plan of Merger (Stanford Telecommunications Inc), Agreement and Plan of Merger (Newbridge Networks Corp), Merger Agreement (Stanford Telecommunications Inc)
