Conversion of Stock Rights. Each of the Parties shall take all such action as may be necessary to cause, at the Effective Time, each Stock Right granted by the Company to purchase Company Shares which is outstanding and unexercised immediately prior thereto (whether or not vested or exercisable), to be converted automatically into an equivalent Stock Right to purchase Acquiror Shares in an amount and at an exercise price determined as follows:
Appears in 3 contracts
Samples: Agreement and Plan of Merger (Netrix Corp), Agreement and Plan of Merger (Openroute Networks Inc), Agreement and Plan of Merger (Netrix Corp)
Conversion of Stock Rights. Each of the Parties The Company shall take all such action as may be necessary to cause, at the Effective Time, each Stock Right (but excluding rights of holders of Nonvoting Shares to exchange such shares for Voting Shares) granted by the Company to purchase Company Shares which is outstanding and unexercised immediately prior thereto (whether or not vested or exercisable), to be converted automatically into an equivalent Stock Right to purchase Acquiror Parent Shares in an amount and at an exercise price determined as follows:
Appears in 2 contracts
Samples: Agreement and Plan of Merger (Viatel Inc), Agreement and Plan of Merger (Destia Communications Inc)
