Conditional Termination. (a) Subject to the terms of this Termination Agreement, the Optionee hereby irrevocably terminates all of its rights with respect to the Stock Options with respect to all of the Shares. (b) The termination set forth in Section 2(a) is conditional and contingent on consummation of the Offer. If the Offer is consummated, this termination shall become effective immediately upon delivery of the payment of the "Buy-Out Amount" described in Section 3 (the "Effective Time").
Appears in 6 contracts
Samples: Option Termination Agreement (Dover Investments Corp), Option Termination Agreement (Dover Investments Corp), Option Termination Agreement (Dover Investments Corp)
