Common use of Cancellation of Stock Options Clause in Contracts

Cancellation of Stock Options. All outstanding options, warrants, "phantom" stock options and other plans, agreements or arrangements of the Companies with respect to the purchase, or the issuance of, any securities of the Companies shall have been canceled and terminated prior to the Closing at no expense to the Buyer, and the Buyer shall have received reasonably satisfactory evidence thereof.

Cancellation of Stock Options. All outstanding options, warrants, ----------------------------- "phantom" stock options and other plans, agreements or arrangements of the respective Companies with respect to the purchase, or the issuance of, or otherwise relating to, any capital stock or other securities of the respective Companies shall have been canceled and terminated prior to the Closing at no expense to the Buyer, and the Buyer shall have received reasonably satisfactory evidence thereof.

Cancellation of Stock Options. All outstanding options, warrants, ----------------------------- "phantom" stock options and other plans, agreements or arrangements of the Companies Company with respect to the purchase, or the issuance of, or otherwise relating to, any capital stock or other securities of the Companies Company shall have been canceled and terminated prior to the Closing at no expense to the Buyer, and the Buyer shall have received reasonably satisfactory evidence thereof.

Cancellation of Stock Options. All outstanding options, warrants, "phantom" stock options and other plans, agreements or arrangements of the Companies Company with respect to the purchase, or the issuance of, any capital stock or other securities of the Companies Company shall have been canceled and terminated prior to the Closing at no expense to the Buyer, and the Buyer shall have received reasonably satisfactory evidence thereof.