Common use of CAPITAL CHANGES AND BUSINESS SUCCESSIONS Clause in Contracts

CAPITAL CHANGES AND BUSINESS SUCCESSIONS. It is the purpose of this option to encourage the Employee to work for the best interests of the Company and its stockholders. Since, for example, that might require the issuance of a stock dividend or a merger with another corporation, the purpose of this option would not be served if such a stock dividend, merger or similar occurrence would cause the Employee's rights hereunder to be diluted or terminated and thus be contrary to the Employee's interest. The Plan contains extensive provisions designed to preserve options at full value in a number of contingencies. Therefore, provisions in the Plan for adjustment with respect to stock subject to options and the related provisions with respect to successors to the business of the Company are hereby made applicable hereunder and are incorporated herein by reference. In particular, without affecting the generality of the foregoing, it is understood that for the purposes of Articles 3 through 5 hereof, both inclusive, employment by the Company includes employment by a Related Corporation as defined in the Plan.

Appears in 4 contracts

Samples: Davox Corporation (Concerto Software Inc), Qualified Stock Option Agreement (Concerto Software Inc), Incentive Stock Option Agreement (Endogen Inc)

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CAPITAL CHANGES AND BUSINESS SUCCESSIONS. It is the purpose of this option to encourage the Employee Optionee to work for the best interests of the Company or any Related Corporation and its stockholders. Since, for example, that might require the issuance of a stock dividend or a merger with another corporation, the purpose of this option would not be served if such a stock dividend, merger or similar occurrence would cause the Employee's Optionee’s rights hereunder to be diluted or terminated and thus be contrary to the Employee's Optionee’s interest. The Plan contains extensive provisions designed to preserve options at full value in a number of contingencies. Therefore, provisions in the Plan for adjustment with respect to stock subject to options and the related provisions with respect to successors to the business of the Company are hereby made applicable hereunder and are incorporated herein by reference. In particular, without affecting the generality of the foregoing, it is understood that for the purposes of Articles Sections 3 through 5 hereof, both inclusive, employment by the Company includes employment by a Related Corporation as defined in the PlanCorporation.

Appears in 4 contracts

Samples: www.sec.gov, Qualified Stock Option Agreement (Lionbridge Technologies Inc /De/), Stock Option Agreement (Lionbridge Technologies Inc /De/)

CAPITAL CHANGES AND BUSINESS SUCCESSIONS. It is the purpose of this ---------------------------------------- option to encourage the Employee to work for the best interests of the Company and its stockholders. Since, for example, that might require the issuance of a stock dividend or a merger with another corporation, the purpose of this option would not be served if such a stock dividend, merger or similar occurrence would cause the Employee's rights hereunder to be diluted or terminated and thus be contrary to the Employee's interest. The Plan contains extensive provisions designed to preserve options at full value in a number of contingencies. Therefore, provisions in the Plan for adjustment with respect to stock subject to options and the related provisions with respect to successors to the business of the Company are hereby made applicable hereunder and are incorporated herein by reference. In particular, without affecting the generality of the foregoing, it is understood that for the purposes of Articles 3 through 5 hereof, both inclusive, employment by the Company includes employment by a Related Corporation as defined in the Plan.

Appears in 2 contracts

Samples: Davox Corporation (Davox Corp), Qualified Incentive Stock Option Agreement (Davox Corp)

CAPITAL CHANGES AND BUSINESS SUCCESSIONS. It is the purpose of this ---------------------------------------- option to encourage the Employee to work for the best interests of the Company and its stockholders. Since, for example, that might require the issuance of a stock dividend or a merger with another corporation, the purpose of this option would not be served if such a stock dividend, merger or similar occurrence would cause the Employee's rights hereunder to be diluted or terminated and thus be contrary to the Employee's interest. The Plan contains extensive provisions designed to preserve options at full value in a number of contingencies. Therefore, provisions in the Plan for adjustment with respect to stock subject to options and the related provisions with respect to successors to the business of the Company are hereby made applicable hereunder and are incorporated herein by reference. In particular, without affecting the generality of the foregoing, it is understood that for the purposes of Articles 3 through 5 hereof, both inclusive, employment by the Company includes employment by a Related Corporation as defined in the Plansubsidiary.

Appears in 1 contract

Samples: Qualified Stock Option Agreement (Davox Corp)

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CAPITAL CHANGES AND BUSINESS SUCCESSIONS. It is the purpose of this option to encourage the Employee to work for the best interests of the Company and its stockholders. Since, for example, that might require the issuance of a stock dividend or a merger with another corporation, the purpose of this option would not be served if such a stock dividend, merger or similar occurrence would cause the Employee's ’s rights hereunder to be diluted or terminated and thus be contrary to the Employee's ’s interest. The Plan contains extensive provisions designed to preserve options at full value in a number of contingencies. Therefore, provisions in the Plan for adjustment with respect to stock subject to options and the related provisions with respect to successors to the business of the Company are hereby made applicable hereunder and are incorporated herein by reference. In particular, without affecting the generality of the foregoing, it is understood that for the purposes of Articles Sections 3 through 5 hereof, both inclusive, employment by the Company includes employment by a Related Corporation as defined in the PlanCorporation.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Lionbridge Technologies Inc /De/)

CAPITAL CHANGES AND BUSINESS SUCCESSIONS. It is the purpose of this option to encourage the Employee to work for the best interests of the Company and its stockholders. Since, for example, that might require the issuance of a stock dividend or a merger with another corporation, the purpose of this option would not be served if such a as stock dividend, merger or similar occurrence would cause the Employee's rights hereunder to be diluted or terminated and thus be contrary to the Employee's interest. The Plan contains extensive provisions designed to preserve options at full value in a number of contingencies. Therefore, provisions in the Plan for adjustment with respect to stock subject to options and the related provisions with respect to successors to the business of the Company are hereby made applicable hereunder and are incorporated herein by reference. In particular, without affecting the generality of the foregoing, it is understood that for the purposes of Articles 3 through 5 hereof, both inclusive, employment by the Company includes employment by a Related related Corporation as defined in by the Plan.

Appears in 1 contract

Samples: Qualified Stock Option Agreement (Shiva Corp)

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