Corporation Stock Option Plans. The Corporation shall continue in effect each stock option plan under which any person holds an outstanding option to purchase shares of the Corporation's common stock after the Effective Time. Except as otherwise provided in Section 5.5, each Ceridian Option held by a person other than a New Ceridian Optionee, whether or not exercisable as of the Effective Time, shall be adjusted in accordance with the following rules.
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Samples: Personnel Agreement (New Ceridian Corp), Personnel Agreement (New Ceridian Corp), Personnel Agreement (New Ceridian Corp)
Corporation Stock Option Plans. The Corporation shall continue in effect each stock option plan under which any person holds an outstanding option to purchase shares of the Corporation's common stock after the Effective Time. Except as otherwise provided in Section 5.5, each Ceridian Arbitron Option held by a person other than a New Ceridian OptioneeEmployee or a New Ceridian director, consultant or independent contractor, whether or not exercisable as of the Effective Time, shall be adjusted in accordance with the following rules.
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