Conditions for Options Clause Samples

Conditions for Options. (i) Provided that, the Options shall vest only if the Company employs Kee on the applicable Vesting Date. Except as provided herein, if the Company does not employ Kee on the applicable Vesting Date, then the option to purchase common shares appurtenant to such options shall be null and void and Kee shall not have the right or claim to purchase such common shares. (ii) In the event of a proposed dissolution or liquidation of the Company, a merger or consolidation in which the Company is not the surviving entity, a sale of all or substantially all of the Company's assets or capital stock representing the controlling voting interest of the Company (collectively, a "Reorganization"), these Options shall immediately vest on the day prior to the effective date of the proposed Reorganization.