Cancellation of Target Options. Promptly upon execution of this Agreement, the Target shall notify in writing all holders of all outstanding options to purchase shares of common stock of the Target (“Options”) of the pending Merger and shall give each such holder an opportunity to exercise such Options in accordance with their terms prior to the Effective Time. All Options that are not exercised prior to the Effective Time shall be cancelled and cease to exist, and no consideration will be delivered in exchange therefor.
Cancellation of Target Options. No Target Options, whether vested or unvested, shall be assumed by Acquiror in the Merger.
Cancellation of Target Options. No Target Options, whether vested or unvested, shall be assumed by Acquiror in the Merger. Target shall take all actions necessary to cancel all outstanding Target Options prior to the Closing Date and to obtain, prior to the Closing Date, an executed Option Acknowledgment Form, from each holder of In-the-Money Target Options.
Cancellation of Target Options. TARGET agrees to use its reasonable best efforts to obtain, prior to the Effective Time, a binding written agreement, acceptable to PURCHASER, from each holder of TARGET Options listed in the TARGET Disclosure Letter whereby such holder agrees that if such TARGET Option(s) held by such holder have not been exercised prior to the Effective Time, then such TARGET Options shall not be exercised on or after the Effective Time and shall be cancelled as of Effective Time without any further action.
Cancellation of Target Options. 32 Section 8.12 Sale of Shares Pursuant to Regulation D....................... 32 Section 8.13 Nonaccredited Stockholders.................................... 32 ARTICLE 9.
Cancellation of Target Options. 29 ARTICLE 9.
Cancellation of Target Options. Target shall, prior to the Closing Date, use its reasonable best efforts to obtain all consents as may be required to effect the treatment of Target Options pursuant to the provisions of Section 1.06(f) and to cancel the Target Options effective as of the Effective Time and to obtain the agreements provided for by Section 8.13(d).
Cancellation of Target Options. Each Option Cancellation Agreement executed by a holder of Target Options prior to the Closing Date shall not have been terminated and shall be in full force as of the Closing Date.
Cancellation of Target Options. At the Effective Time, all outstanding Target Options shall automatically be cancelled and extinguished in accordance with the terms of the Target Stock Option Plan.
Cancellation of Target Options. No Target Options, whether vested or unvested, shall be assumed by Acquiror in the Merger. Target shall obtain, prior to the Closing Date, an optionholder acknowledgment in the form attached hereto as Exhibit F (an “Optionholder Acknowledgment”), from each holder of Target Options that is a Retention Employee.
