Bio-Vascular Purchase Plan Sample Clauses

Bio-Vascular Purchase Plan. The Bio-Vascular Employee Stock -------------------------- Purchase Plan in effect as of the date hereof.
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Bio-Vascular Purchase Plan. The Bio-Vascular Purchase Plan will continue -------------------------- in full force and effect in accordance with its terms. Participants under the Bio-Vascular Purchase Plan will be eligible to participate in the Distribution only to the extent that, by operation of the Bio-Vascular Purchase Plan or otherwise, they are shareholders of record on the Record Date; provided, however, that participants who are entitled to receive shares of Bio-Vascular Common Stock under the Bio-Vascular Purchase Plan as of the Record Date but who have not yet been mechanically recorded as shareholders of record as of the Record Date will be treated as shareholders of record for purposes of the Distribution. Prior to the beginning of the next Offering Period on May 1, 1997, Bio-Vascular will give notice to all Vital Images Employees of the effect of the Distribution on their participation in the Bio-Vascular Purchase Plan and of the expected establishment of the Vital Images Purchase Plan. If the Distribution Date occurs on or after May 1, 1997, Bio-Vascular will also make an appropriate adjustment in calculating the Option Price (as defined in the Bio-Vascular Purchase Plan) for the Offering Period beginning on May 1, 1997 to account for the effect of the Distribution. Such adjustment will be made by using the average of the last reported sales prices of Bio-Vascular Common Stock on each of the five (5) trading days immediately following the Distribution Date, as reported by the Nasdaq National Market, in lieu of the price of Bio-Vascular Common Stock on May 1, 1997, for comparison in determining the Option Price.
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Bio-Vascular Purchase Plan. The current six-month offering period for the -------------------------- Bio-Vascular Purchase Plan shall close early on _____________, 1997, or such other date preceding the Record Date as the administrator of the Bio- Vascular Purchase Plan shall specify. As of such date, shares of Bio- Vascular Common Stock shall be purchased for all eligible Bio-Vascular Purchase Plan participants in accordance with the terms of the Bio-Vascular Purchase Plan so that such shares will be issued and outstanding as of the Record Date and will entitle the holders thereof to receive shares of Vital Images Common Stock in the Distribution. The next six-month enrollment period for the Bio-Vascular Purchase Plan shall begin on ______________, 1997, or such other date as the administrator shall specify following the Distribution Date.
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Related to Bio-Vascular Purchase Plan

  • Stock Purchase Plan Through the Distribution Date, Roxio Employees shall continue to be eligible for participation in the Adaptec Stock Purchase Plan. Effective on or before the Distribution Date (or such other date as Adaptec and Roxio may mutually agree), Roxio shall establish and sponsor a Stock Purchase Plan for the benefit of Roxio Employees. Effective as of the Distribution Date, Roxio Employees shall cease to be eligible to participate in and to have any further payroll deductions withheld pursuant to the Adaptec Stock Purchase Plan.

  • Employee Stock Purchase Plan As soon as practicable following the date of this Agreement, the board of directors of the Company (or the appropriate committee thereof) shall take all necessary actions, including adopting any necessary resolutions and amendments, to (i) terminate the 2002 Employee Stock Purchase Plan (the “Stock Purchase Plan”) as of no later than immediately prior to the Effective Time, (ii) ensure that no option period under the Stock Purchase Plan shall be commenced on or after the date of this Agreement, (iii) if the Effective Time shall occur prior to the end of the option periods in existence under the Stock Purchase Plan on the date of this Agreement, cause a new exercise date to be set under the Stock Purchase Plan, which date shall be the end of the payroll period that is at least ten (10) Business Days prior to the anticipated Effective Time, (iv) prohibit participants in the Stock Purchase Plan from altering their payroll deductions from those in effect on the date of this Agreement (other than to discontinue their participation in the Stock Purchase Plan in accordance with the terms and conditions of the Stock Purchase Plan), (v) provide that the amount of the accumulated contributions of each participant under the Stock Purchase Plan as of immediately prior to the Effective Time shall, to the extent not used to purchase shares of Company Common Stock in accordance with the terms and conditions of the Stock Purchase Plan (as amended pursuant to this Section 2.11), be refunded to such participant as promptly as practicable following the Effective Time (without interest); and (vi) ensure that no current or former employees, officers, directors or other service providers of Company and its Subsidiaries or their beneficiaries have any right to receive shares of Parent Common Stock under the Stock Purchase Plan.

  • Employee Stock Option Plan Employee shall be entitled to participate in the Employee Stock Option Plan of the Company once approved by the Board of Directors.

  • Option Plan This Option is subject to certain additional terms and ----------- conditions set forth in the Plan pursuant to which this Option has been issued. Optionee acknowledges receipt of a copy of the Plan on file with the Secretary of the Company and, by acceptance hereof, agrees to and accepts this Option subject to the terms of the Plan. Except as otherwise defined herein, defined terms used in this Agreement shall have the meaning ascribed thereto in the Plan.

  • Stock Option Plan The Executive shall be eligible to participate in the Company's Stock Option Plan in accordance with the terms and conditions thereof.

  • Employee Stock Ownership Plan The Executive will be eligible to participate in the Company’s Employee Stock Ownership Plan (“ESOP”), subject to the terms and conditions of the ESOP.

  • Stock Option Plans Each stock option granted by the Company under the Company’s stock option plan was granted (i) in accordance with the terms of the Company’s stock option plan and (ii) with an exercise price at least equal to the fair market value of the Common Stock on the date such stock option would be considered granted under GAAP and applicable law. No stock option granted under the Company’s stock option plan has been backdated. The Company has not knowingly granted, and there is no and has been no Company policy or practice to knowingly grant, stock options prior to, or otherwise knowingly coordinate the grant of stock options with, the release or other public announcement of material information regarding the Company or its Subsidiaries or their financial results or prospects.

  • Share Option Plans Each share option granted by the Company under the Company’s share option plan was granted (i) in accordance with the terms of the Company’s share option plan and (ii) with an exercise price at least equal to the fair market value of the Ordinary Shares on the date such share option would be considered granted under GAAP and applicable law. No share option granted under the Company’s share option plan has been backdated. The Company has not knowingly granted, and there is no and has been no Company policy or practice to knowingly grant, share options prior to, or otherwise knowingly coordinate the grant of share options with, the release or other public announcement of material information regarding the Company or its Subsidiaries or their financial results or prospects.

  • Company Stock Option Plans Simultaneously with the execution of this Agreement, the Board of Directors of the Company (or, if appropriate, any committee administering the Company Stock Option Plans) shall adopt such resolutions or take such other actions as are required to effect the transactions contemplated by Section 2.10 in respect of all outstanding Options and thereafter the Board of Directors of the Company (or any such committee) shall adopt any such additional resolutions and take such additional actions as are required in furtherance of the foregoing.

  • Dividend Reinvestment Plan, Cash Option Purchase Plan, Stock Incentive Plan or Other Plan Except as may otherwise be provided in this Article III, all amounts received or deemed received by the Corporation in respect of any dividend reinvestment plan, cash option purchase plan, stock incentive or other stock or subscription plan or agreement, either (a) shall be utilized by the Corporation to effect open market purchases of shares of Class A Common Stock, or (b) if the Corporation elects instead to issue new shares of Class A Common Stock with respect to such amounts, shall be contributed by the Corporation to the Company in exchange for additional Common Units. Upon such contribution, the Company will issue to the Corporation a number of Common Units equal to the number of new shares of Class A Common Stock so issued.

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