Common use of Company Stock Options and Other Stock-Based Awards Clause in Contracts

Company Stock Options and Other Stock-Based Awards. (a) As of the Effective Time, each option to purchase shares of Company Common Stock granted under a Company Stock Plan (each, a “Company Stock Option”) that is outstanding and unexercised as of immediately prior to the Effective Time, whether or not then vested or exercisable, shall be cancelled and automatically converted into the right to promptly receive the Company Stock Option Consideration. For purposes of this Agreement, the “

Company Stock Options and Other Stock-Based Awards. (a) As of the Effective Time, each Each option to purchase shares of Company Common Stock granted under a pursuant to the Company Stock Plan Plans or otherwise (each, a “Company Stock Option”) that is outstanding and unexercised as of immediately prior to the date of this Agreement and which remains outstanding as of the Effective Time shall, as of the Effective Time, whether or not then vested or exercisablefully vest (to the extent unvested) and, shall be cancelled and automatically converted into in exchange for the right cancellation of such Company Option, entitle the holder to promptly receive the receive, for each Net Option Share underlying each such Company Stock Option Consideration. For purposes of this AgreementOption, the “Merger Consideration for each such Net Option Share.

Company Stock Options and Other Stock-Based Awards. (a) As of the Effective Time, each Each option to purchase shares of Company Common Stock granted under a pursuant to the Company Stock Plan Plans or otherwise (each, a “"Company Stock Option”") that is outstanding and unexercised as of immediately prior to the date of this Agreement and which remains outstanding as of the Effective Time shall, as of the Effective Time, whether or not then vested or exercisablefully vest (to the extent unvested) and, shall be cancelled and automatically converted into in exchange for the right cancellation of such Company Option, entitle the holder to promptly receive the receive, for each Net Option Share underlying each such Company Stock Option Consideration. For purposes of this AgreementOption, the “Merger Consideration for each such Net Option Share.