Corporate Transaction. (a) In the event of a Corporate Transaction, all Option Shares at the time subject to this option but not otherwise vested shall automatically vest so that this option shall, immediately prior to the specified effective date for the Corporate Transaction, become fully exercisable for all of the Option Shares at the time subject to this option and may be exercised for all or any portion of such shares as fully-vested shares of Common Stock. Immediately following the consummation of the Corporate Transaction, this option shall terminate and cease to be outstanding, except to the extent assumed by the successor corporation or its parent company.
Appears in 11 contracts
Samples: Compensation Agreement (Iss Group Inc), Automatic Stock Option Agreement (Odwalla Inc), Automatic Stock Option Agreement (Genesys Telecommunications Laboratories Inc)
Corporate Transaction. (a) In the event of a Corporate Transaction, all Option Shares at the time subject to this option but not otherwise vested shall automatically vest so that this option shall, immediately prior to the specified effective date for the of such Corporate Transaction, become fully exercisable for any or all of the Option Shares at the time subject to this option and may be exercised for all or any portion of such shares as fully-vested shares of Common Stock. Immediately following the consummation of the Corporate Transaction, this option shall terminate and cease to be outstanding, exercisable except to the extent assumed by the successor corporation (or its parent companythereof) in connection with such Corporate Transaction.
Appears in 7 contracts
Samples: Automatic Stock Option Agreement (Atlantic Pharmaceuticals Inc), Automatic Stock Option Agreement (Cerplex Group Inc), Automatic Stock Option Agreement (I2 Technologies Inc)
Corporate Transaction. (a) In the event of a Corporate Transaction, all Option Shares at the time subject to this option but not otherwise vested shall automatically vest so that this option shall, immediately prior to the specified effective date for the Corporate Transaction, become fully exercisable for all of the Option Shares at the time subject to this option and may be exercised for all or any portion of such shares as fully-vested shares of Common Stock. Immediately following the consummation of the Corporate Transaction, this option shall terminate and cease to be outstanding, outstanding except to the extent assumed by the successor corporation or its parent company.
Appears in 5 contracts
Samples: Automatic Stock Option Agreement (Tellabs Inc), Automatic Stock Option Agreement (Triangle Pharmaceuticals Inc), Stock Option Agreement (Genesys Telecommunications Laboratories Inc)
Corporate Transaction. (a) In the event of a Corporate Transaction, all the Option Shares at the time subject to this option but not otherwise vested shall automatically vest so that this option shall, immediately prior to the specified effective date for the Corporate Transaction, become fully exercisable for all of the Option Shares at the time subject to this option as fully-vested shares of Common Stock and may be exercised for all or any portion of such shares as fully-those vested shares of Common Stockshares. Immediately following the consummation of the Corporate Transaction, this option shall terminate and cease to be outstanding, except to the extent assumed by the successor corporation or its parent company.
Appears in 5 contracts
Samples: Automatic Stock Option Agreement (Encad Inc), Automatic Stock Option Agreement (Stamps Com Inc), Automatic Stock Option Agreement (Softnet Systems Inc)
Corporate Transaction. (a) In the event of a Corporate Transaction, all Option Shares at the time subject to this option but not otherwise vested shall automatically vest so that this option shall, immediately prior to the specified effective date for the Corporate Transaction, become fully exercisable for all of the Option Shares at the time subject to this option and may be exercised for all or any portion of such shares as fully-fully vested shares of Common Stock. Immediately following the consummation of the Corporate Transaction, this option shall terminate and cease to be outstanding, except to the extent assumed by the successor corporation or its parent company.
Appears in 3 contracts
Samples: Option Agreement (Combichem Inc), Option Agreement (Combichem Inc), Automatic Stock Option Agreement (Com21 Inc)
Corporate Transaction. (a) In the event of a Corporate Transaction, all Option Shares at this option, to the time subject to this option extent outstanding but not otherwise vested fully exercisable, shall automatically vest accelerate so that this option shall, immediately prior to the specified effective date for the of such Corporate Transaction, become fully exercisable for all of the Option Shares at the time subject to this the option and may be exercised for any or all or any portion of such shares those Option Shares as fully-vested shares of Common Stock. Immediately following the consummation of the Corporate Transaction, this option shall terminate and cease to be outstanding, exercisable except to the extent assumed by the successor corporation (or its parent companythereof) in connection with such Corporate Transaction.
Appears in 2 contracts
Samples: Non Employee Director Stock Option Agreement (Western Staff Services Inc), Western Staff Services Inc
Corporate Transaction. (a) In the event of a Corporate Transaction, all any Option Shares at the time subject to this option but not otherwise vested shall automatically vest so that this option shall, immediately prior to the specified effective date for the Corporate Transaction, become fully exercisable for all of the Option Shares at the time subject to this option as fully-vested shares of Common Stock and may be exercised for all or any portion of such shares as fully-those vested shares of Common Stockshares. Immediately following the consummation of the Corporate Transaction, this option shall terminate and cease to be outstanding, except to the extent assumed by the successor corporation or its parent company.
Appears in 2 contracts
Samples: Automatic Stock Option Agreement (Packeteer Inc), Automatic Stock Option Agreement (Digital Island Inc)
Corporate Transaction. (a) In the event of a Corporate TransactionTransaction effected during Optionee's period of Board service, all any Option Shares at the time subject to this option but not otherwise vested shall automatically vest so that this option shall, immediately prior to the specified effective date for the that Corporate Transaction, become fully exercisable for all of the Option Shares at the time subject to this option as fully vested shares of Common Stock and may be exercised for any or all or any portion of such shares as fully-those vested shares of Common Stockshares. Immediately following the consummation of the Corporate Transaction, this option shall terminate and cease to be outstanding, except to the extent assumed by the successor corporation or its parent company.
Appears in 2 contracts
Samples: Automatic Stock Option Agreement (Sequenom Inc), Automatic Stock Option Agreement (Sharper Image Corp)
Corporate Transaction. (a) In the event of a Corporate TransactionTransaction effected during Optionee’s period of Board service, all any Option Shares at the time subject to this option but not otherwise vested shall automatically vest so that this option shall, immediately prior to the specified effective date for the that Corporate Transaction, become fully exercisable for all of the Option Shares at the time subject to this option as fully vested shares of Common Stock and may be exercised for any or all or any portion of such shares as fully-those vested shares of Common Stockshares. Immediately following the consummation of the Corporate Transaction, this option shall terminate and cease to be outstanding, except to the extent assumed by the successor corporation or its parent company.
Appears in 2 contracts
Samples: Automatic Stock Option Agreement (Stec, Inc.), Automatic Stock Option Agreement (Network Appliance Inc)
Corporate Transaction. (a) In This option, to the event extent outstanding at the time of a Corporate Transaction, all Option Shares at the time subject to this option Transaction but not otherwise vested fully exercisable for all the Option Shares, shall automatically vest accelerate so that this option shall, immediately prior to the specified effective date for the of such Corporate Transaction, become fully exercisable for all of the Option Shares at the time subject to this option and may be exercised for any or all or any portion of such shares those Option Shares as fully-fully vested shares of Common Stock. Immediately following the consummation of the such Corporate Transaction, this option shall terminate and cease to be outstanding, except to the extent assumed by the successor corporation (or its parent companythereof).
Appears in 2 contracts
Samples: Salary Investment Stock Option Agreement (Sequenom Inc), Fee Stock Option Agreement (Sequenom Inc)
Corporate Transaction. (a) In the event of a Corporate Transaction, all Option Shares at the time subject to this option but not otherwise vested shall automatically vest so that this option shall, immediately prior to the specified effective date for the Corporate Transaction, become fully exercisable for all of the Option Shares at the time subject to this option as fully-vested shares and may be exercised for all or any portion of such shares as those fully-vested shares of Common Stockshares. Immediately following the consummation of the Corporate Transaction, this option shall terminate and cease to be outstanding, except to the extent assumed by the successor corporation or its parent company.
Appears in 2 contracts
Samples: Automatic Option Grant (Odetics Inc), Automatic Stock Option Agreement (Odetics Inc)
Corporate Transaction. (a) In the event of a Corporate Transaction, all any Option Shares at the time subject to this option but not otherwise vested shall automatically vest so that this option shall, immediately prior to the specified effective date for the Corporate Transaction, become fully exercisable for all of the Option Shares at the time subject to this option and may be exercised for all or any portion of such shares as fully-vested shares of Common StockStock and may be exercised for any or all of those vested shares. Immediately following the consummation of the Corporate Transaction, this option shall terminate and cease to be outstanding, except to the extent assumed by the successor corporation or its parent company.
Appears in 1 contract
Samples: Automatic Stock Option Agreement (Kana Communications Inc)
Corporate Transaction. (a) In the event of a Corporate Transaction, all All Option Shares at the time subject to this option at the time of a Corporate Transaction but not otherwise vested shall automatically vest so that this option shall, immediately prior to the specified effective date for the of such Corporate Transaction, become fully exercisable for all of the Option Shares at the time subject to this option and may be exercised for all or any portion of such shares as fully-vested shares of Common Stock. Immediately following the consummation of the Corporate Transaction, this option shall terminate and cease to be outstanding, except to the extent assumed by the successor corporation or its parent company.
Appears in 1 contract
Corporate Transaction. (a) In the event of a Corporate Transaction, all Option Shares at the time subject to this option but not otherwise vested shall automatically vest so that this option shall, immediately prior to the specified effective date for the Corporate Transaction, become fully exercisable for all of the Option Shares at the time subject to this option as fully-vested shares and may be exercised for all or any portion of such shares as fully-those fully- vested shares of Common Stockshares. Immediately following the consummation of the Corporate Transaction, this option shall terminate and cease to be outstanding, except to the extent assumed by the successor corporation or its parent company.
Appears in 1 contract
Samples: Automatic Stock Option Agreement (Atl Products Inc)
Corporate Transaction. (a) In the event of a Corporate Transaction, all Option Shares at the time subject to this option but not otherwise vested shall automatically vest so that this option shall, immediately prior to the specified effective date for the Corporate Transaction, become fully exercisable for all of the Option Shares at the time subject to this option and may be exercised for all or any portion of such shares as fully-fully- vested shares of Common Stock. Immediately following the consummation of the Corporate Transaction, this option shall terminate and cease to be outstanding, except to the extent assumed by the successor corporation or its parent company.
Appears in 1 contract
Corporate Transaction. (a) In the event of a Corporate Transaction, all Option Shares at the time subject to this option but not otherwise vested fully exercisable shall automatically vest so that this option shall, immediately prior to the specified effective date for the Corporate Transaction, become fully exercisable for all of the Option Shares at the time subject to this option and may be exercised for all or any portion of such shares as fully-vested shares of Common Stock. Immediately following the consummation of the Corporate Transaction, this option shall terminate and cease to be outstanding, except to the extent assumed by the successor corporation or its parent company.
Appears in 1 contract
Samples: Credit Management Solutions Inc
Corporate Transaction. (a) In the event of a Corporate Transaction, all Option Shares at the time subject to this option but not otherwise vested shall automatically vest so that this option shall, immediately prior to the specified effective date for the of such Corporate Transaction, become fully exercisable for all of the Option Shares at the time subject to this option and may be exercised for all or any portion of such shares as fully-vested shares of Common Stock. Immediately following the consummation of the Corporate Transaction, this option shall terminate and cease to be outstanding, exercisable except to the extent assumed by the successor corporation (or its parent companythereof) in connection with such Corporate Transaction.
Appears in 1 contract
Samples: Incorporated Automatic Stock Option Agreement (Theratx Inc /De/)
Corporate Transaction. (a) In the event of a Corporate Transaction, all Option Shares at the time subject to this option but not otherwise vested shall automatically vest so that this option shall, immediately prior to the specified effective date for the of such Corporate Transaction, become fully exercisable for all of the Option Shares at the time subject to this option and may be exercised for all or any portion of such shares as fully-vested shares of Common StockStock and may be exercised for any or all of those vested Option Shares. Immediately following the consummation of the Corporate Transaction, this option shall terminate and cease to be outstanding, exercisable except to the extent assumed by the successor corporation (or its parent companythereof) in connection with such Corporate Transaction.
Appears in 1 contract
Samples: Automatic Stock Option Agreement (Act Networks Inc)
Corporate Transaction. (a) a. In the event of a Corporate Transaction, all Option Shares at the time subject to this option but not otherwise vested shall automatically vest so that this option shall, immediately prior to the specified effective date for the of such Corporate Transaction, become fully exercisable for any or all of the Option Shares at the time subject to this option and may be exercised for all or any portion of such shares as fully-vested shares of Common Stock. Immediately following the consummation of the Corporate Transaction, this option shall terminate and cease to be outstanding, exercisable except to the extent assumed by the successor corporation (or its parent companythereof) in connection with such Corporate Transaction.
Appears in 1 contract
Samples: Faxsav Incorporated Automatic Stock Option Agreement (Faxsav Inc)
Corporate Transaction. (a) In This option, to the event extent outstanding at the time of a Corporate Transaction, all Option Shares at the time subject to this option Transaction but not otherwise vested fully exercisable, shall automatically vest accelerate so that this such option shall, immediately prior to the specified effective date for of the Corporate Transaction, become fully exercisable for all of the Option Shares at the time subject to this option and may be exercised for any or all or any portion of such shares those Option Shares as fully-vested shares of Common Stockshares. Immediately following the consummation of the Corporate Transaction, this option shall terminate and cease to be outstanding, except to the extent this option is assumed by the successor corporation or its parent company.
Appears in 1 contract
Samples: Automatic Stock Option Agreement (Overseas Filmgroup Inc)
Corporate Transaction. (a) In the event of a any Corporate Transaction, all Option Shares at the time subject to this option but not otherwise vested shall automatically vest in full so that this option shall, immediately prior to the specified effective date for the of such Corporate Transaction, become fully exercisable for all of the Option Shares at the time subject to this option and may be exercised for all or any portion of such shares the Option Shares as fully-vested shares of Common Stock. Immediately following the consummation of the Corporate Transaction, this option shall terminate and cease to be outstanding, except to the extent assumed by the successor corporation (or its parent companythereof).
Appears in 1 contract
Samples: Automatic Stock Option Agreement (Us Homecare Corp)
