Directors Option Plan. All Delaware Company Options issued and --------------------- outstanding under the Consolidation Capital Corporation 1997 Non-Employee Directors' Stock Plan (the "Directors Option Plan") shall be exercisable in --------------------- accordance with such plan; provided that, the Delaware Company agrees to amend the Directors Option Plan prior to the earlier to occur of the Effective Time or December 31, 1999, to provide that no automatic grants of options under such plan shall occur. Additionally, the Delaware Company agrees to terminate the Directors Option Plan effective as of the Effective Time.
Appears in 4 contracts
Samples: Agreement and Plan of Merger (Apollo Investment Fund Iv Lp), Agreement and Plan of Merger (Group Maintenance America Corp), Agreement and Plan of Merger (Group Maintenance America Corp)
