{"component": "clause", "props": {"groups": [{"samples": [{"hash": "liYvztr9c6t", "uri": "/contracts/liYvztr9c6t#employee-stock-options", "label": "Agreement and Plan of Merger (Pulitzer Publishing Co 1995 Voting Trust)", "score": 18.0, "published": true}, {"hash": "dePBDiZoZ6v", "uri": "/contracts/dePBDiZoZ6v#employee-stock-options", "label": "Agreement and Plan of Merger (Pulitzer Publishing Co)", "score": 18.0, "published": true}, {"hash": "5xRsVUmm3cp", "uri": "/contracts/5xRsVUmm3cp#employee-stock-options", "label": "Agreement and Plan of Merger (Hearst Argyle Television Inc)", "score": 18.0, "published": true}], "size": 9, "snippet_links": [{"key": "prior-to-the-effective-time", "type": "clause", "offset": [18, 45]}, {"key": "the-company-will", "type": "clause", "offset": [47, 63]}, {"key": "stock-option-plans", "type": "definition", "offset": [133, 151]}, {"key": "company-option-plans", "type": "clause", "offset": [158, 178]}, {"key": "in-respect-of", "type": "definition", "offset": [272, 285]}, {"key": "the-termination", "type": "clause", "offset": [286, 301]}, {"key": "company-stock-option", "type": "definition", "offset": [320, 340]}, {"key": "equal-to", "type": "definition", "offset": [349, 357]}, {"key": "exercise-price-of-the-option", "type": "clause", "offset": [385, 413]}, {"key": "average-daily-closing-price", "type": "definition", "offset": [422, 449]}, {"key": "the-company-common-stock", "type": "clause", "offset": [453, 477]}, {"key": "trading-days", "type": "definition", "offset": [490, 502]}, {"key": "prior-to-the-closing-date", "type": "clause", "offset": [515, 540]}, {"key": "prohibit-the", "type": "clause", "offset": [558, 570]}, {"key": "exercise-of-vested-options", "type": "clause", "offset": [571, 597]}, {"key": "date-prior", "type": "definition", "offset": [623, 633]}, {"key": "in-order-to", "type": "clause", "offset": [656, 667]}, {"key": "termination-of-the", "type": "clause", "offset": [707, 725]}, {"key": "outstanding-options", "type": "clause", "offset": [757, 776]}, {"key": "the-board", "type": "clause", "offset": [785, 794]}, {"key": "payroll-deductions", "type": "definition", "offset": [842, 860]}, {"key": "and-company", "type": "clause", "offset": [861, 872]}, {"key": "stock-option-grants", "type": "definition", "offset": [873, 892]}, {"key": "employee-stock-purchase-plan", "type": "definition", "offset": [903, 931]}, {"key": "october-1", "type": "definition", "offset": [950, 959]}], "snippet": "At or immediately prior to the Effective Time, the Company will cause all options then outstanding under the Company's 1986 and 1994 stock option plans (the \"Company Option Plans\"), whether or not vested, to be cashed out and terminated. The amount payable by the Company in respect of the termination of an outstanding Company stock option will be equal to the difference between the exercise price of the option and the average daily closing price of the Company Common Stock for the ten trading days immediately prior to the Closing Date. The Company may prohibit the exercise of vested options after a specified cutoff date prior to the Effective Time in order to facilitate the orderly liquidation and termination of the remaining vested and nonvested outstanding options. Unless the Board determines otherwise, the Company will suspend payroll deductions and Company stock option grants under the Employee Stock Purchase Plan as of or prior to October 1, 1998. All such Employee Stock Purchase Plan grants will have been exercised or terminated before the Effective Time.", "hash": "e9f3a67851fe88ac5f075f272a43fc70", "id": 5}, {"samples": [{"hash": "f3b6Jd6sxbd", "uri": "/contracts/f3b6Jd6sxbd#employee-stock-options", "label": "Agreement and Plan of Merger and Reorganization (Entropic Communications Inc)", "score": 21.0, "published": true}, {"hash": "cEJgYjy8GQL", "uri": "/contracts/cEJgYjy8GQL#employee-stock-options", "label": "Agreement and Plan of Merger and Reorganization (Entropic Communications Inc)", "score": 21.0, "published": true}, {"hash": "aJ5X62mvaKZ", "uri": "/contracts/aJ5X62mvaKZ#employee-stock-options", "label": "Merger Agreement (Entropic Communications Inc)", "score": 21.0, "published": true}], "size": 74, "snippet_links": [{"key": "at-the-effective-time", "type": "clause", "offset": [4, 25]}, {"key": "company-option-plan", "type": "clause", "offset": [89, 108]}, {"key": "by-parent", "type": "clause", "offset": [155, 164]}, 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"clause", "offset": [895, 922]}, {"key": "the-exchange-ratio", "type": "clause", "offset": [937, 955]}, {"key": "whole-number", "type": "definition", "offset": [985, 997]}, {"key": "per-share-exercise-price", "type": "clause", "offset": [1040, 1064]}, {"key": "the-parent", "type": "clause", "offset": [1069, 1079]}, {"key": "exercise-of", "type": "clause", "offset": [1107, 1118]}, {"key": "exercise-price-per-share", "type": "definition", "offset": [1195, 1219]}, {"key": "restrictions-on", "type": "clause", "offset": [1444, 1459]}, {"key": "full-force-and-effect", "type": "clause", "offset": [1534, 1555]}, {"key": "vesting-schedule", "type": "clause", "offset": [1587, 1603]}, {"key": "other-provisions", "type": "clause", "offset": [1608, 1624]}, {"key": "further-adjustment", "type": "clause", "offset": [1804, 1822]}, {"key": "reverse-stock-split", "type": "clause", "offset": [1866, 1885]}, {"key": "stock-dividend", "type": "definition", "offset": [1887, 1901]}, {"key": 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"the-holder", "type": "clause", "offset": [2822, 2832]}, {"key": "right-to-put", "type": "clause", "offset": [2856, 2868]}, {"key": "right-to-call", "type": "clause", "offset": [2906, 2919]}, {"key": "all-shares", "type": "clause", "offset": [2945, 2955]}, {"key": "in-exchange", "type": "clause", "offset": [3029, 3040]}, {"key": "a-number", "type": "definition", "offset": [3045, 3053]}, {"key": "the-product", "type": "clause", "offset": [3096, 3107]}, {"key": "number-of-shares-of-common-stock", "type": "clause", "offset": [3119, 3151]}, {"key": "stock-option-plan", "type": "definition", "offset": [3941, 3958]}, {"key": "call-option", "type": "definition", "offset": [4074, 4085]}, {"key": "fully-executed", "type": "definition", "offset": [4089, 4103]}, {"key": "an-eligible", "type": "clause", "offset": [4272, 4283]}, {"key": "in-place", "type": "definition", "offset": [4413, 4421]}, {"key": "the-provisions-of-section", "type": "clause", "offset": [4505, 4530]}, {"key": "to-assume", "type": "clause", "offset": [4627, 4636]}, {"key": "issued-to", "type": "definition", "offset": [4662, 4671]}, {"key": "the-united-kingdom", "type": "clause", "offset": [4696, 4714]}, {"key": "to-the-extent", "type": "clause", "offset": [4715, 4728]}, {"key": "local-law", "type": "definition", "offset": [4781, 4790]}, {"key": "company-stock-options", "type": "clause", "offset": [4801, 4822]}, {"key": "null-and-void", "type": "definition", "offset": [4989, 5002]}, {"key": "as-soon-as-practicable", "type": "definition", "offset": [5033, 5055]}, {"key": "deliver-to", "type": "definition", "offset": [5095, 5105]}, {"key": "appropriate-notice", "type": "clause", "offset": [5161, 5179]}, {"key": "corporate-action", "type": "definition", "offset": [5255, 5271]}, {"key": "sufficient-number-of-shares", "type": "clause", "offset": [5308, 5335]}, {"key": "pursuant-to-the-terms", "type": "clause", "offset": [5429, 5450]}], "snippet": "(a) At the Effective Time, each Eligible Stock Option that is then outstanding under the Company Option Plan, whether vested or unvested, shall be assumed by Parent in accordance with the terms (as in effect as of the date of this Agreement) of the Company Option Plan and the stock option agreement by which such Eligible Stock Option is evidenced. All rights with respect to Company Common Stock under outstanding Eligible Stock Options shall thereupon be converted into rights with respect to Parent Common Stock. Accordingly, from and after the Effective Time, (a) each Eligible Stock Option assumed by Parent may be exercised solely for shares of Parent Common Stock, (b) the number of shares of Parent Common Stock subject to each such assumed Eligible Stock Option shall be equal to the number of shares of Company Common Stock that were subject to such Eligible Stock Option immediately prior to the Effective Time multiplied by the Exchange Ratio, rounded down to the nearest whole number of shares of Parent Common Stock, (c) the per share exercise price for the Parent Common Stock issuable upon exercise of each such assumed Eligible Stock Option shall be determined by dividing the exercise price per share of Company Common Stock subject to such Eligible Stock Option, as in effect immediately prior to the Effective Time, by the Exchange Ratio, and rounding the resulting exercise price up to the nearest whole cent, and (d) all restrictions on the exercise of each such assumed Eligible Stock Option shall continue in full force and effect, and the term, exercisability, vesting schedule and other provisions of such Eligible Stock Option shall otherwise remain unchanged; provided, however, that each such assumed Eligible Stock Option shall, in accordance with its terms, be subject to further adjustment as appropriate to reflect any stock split, reverse stock split, stock dividend, recapitalization or other similar transaction effected by Parent after the Effective Time. The Company and Parent shall take all action that may be necessary (under the Company Option Plan and otherwise) to effectuate the provisions of this Section 1.6.\n(b) Subject to compliance with all applicable laws and regulations of the United States and all states, foreign countries or other governmental authorities, prior to the Closing, the Company and Parent shall offer to enter into a separate put-call agreement (\u201cPut-Call Agreement\u201d) with each holder of a French Stock Option, which Put-Call Agreement shall be in a form reasonably satisfactory to both Parent and the Company. From and after the Effective Time, pursuant to the Put-Call Agreement:\n(i) each French Stock Option shall continue to be exercisable for shares of common stock of the Surviving Corporation;\n(ii) upon the exercise of any French Stock Option, the holder thereof shall have the right to put to Parent, and Parent shall have the right to call from the holder thereof, all shares of common stock of the Surviving Corporation acquired upon such exercise in exchange for a number of shares of Parent Common Stock equal to the product of (x) the number of shares of common stock of the Surviving Corporation acquired upon such exercise, multiplied by (y) the Exchange Ratio, rounded down to the nearest whole number of shares; and\n(iii) all restrictions on the exercise of each French Stock Option shall continue in full force and effect, and the term, exercisability, vesting schedule and other provisions of each French Stock Option shall otherwise remain unchanged; provided, however, that each such French Stock Option shall, in accordance with its terms, be subject to further adjustment as appropriate to reflect any stock split, reverse stock split, stock dividend, recapitalization or other similar transaction effected by the Surviving Corporation after the Effective Time. The Company and Parent shall take all action that may be necessary (under the French Stock Option Plan and otherwise) to effectuate the provisions of this Section 1.6(b). As to each French Stock Option for which a Put-Call Option is fully executed prior to the Effective Time, such French Stock Option shall continue to be exercisable for shares of common stock of the Surviving Corporation, and shall not be deemed an Eligible Stock Option or otherwise assumed by Parent at the Effective Time. Any French Stock Option for which a Put-Call Agreement is not in place prior to the Effective Time will be deemed an Eligible Stock Option and subject to the provisions of Section 1.6(a).\n(c) Except as set forth in 1.6(b), at the Effective Time, Parent shall not be obligated to assume any Company Stock Option issued to residents of Taiwan and the United Kingdom to the extent that such assumption would result in a violation of local law. All such Company Stock Options that are outstanding immediately prior to the Effective Time and not exercised prior to the Effective Time will, pursuant to their respective terms, be cancelled and null and void as of the Effective Time.\n(d) As soon as practicable after the Effective Time, Parent shall deliver to each holder of an outstanding Eligible Stock Option an appropriate notice setting forth such holder\u2019s rights pursuant thereto. Parent shall take all corporate action necessary to reserve for issuance a sufficient number of shares of Parent Common Stock for delivery upon exercise of such assumed or replaced Company Option pursuant to the terms set forth in this Section 1.6.", "hash": "9a9b2e34d30e00d80f7d348b0a7906e8", "id": 1}, {"samples": [{"hash": "2NDcCiX1D8H", "uri": "/contracts/2NDcCiX1D8H#employee-stock-options", "label": "Merger Agreement (Parlex Corp)", "score": 21.0, "published": true}], "size": 6, "snippet_links": [{"key": "the-company-shall", "type": "clause", "offset": [4, 21]}, {"key": "reasonable-action", "type": "definition", "offset": [31, 48]}, {"key": "the-stock-option", "type": "clause", "offset": [92, 108]}, {"key": "section-33", "type": "clause", "offset": [125, 136]}, {"key": "disclosure-schedule", "type": "clause", "offset": [144, 163]}, {"key": "as-amended", "type": "definition", "offset": [195, 205]}, {"key": "date-of-this-agreement", "type": "definition", "offset": [218, 240]}, {"key": "company-stock-option-plans", "type": "clause", "offset": [247, 273]}, {"key": "at-the-effective-time", "type": "clause", "offset": [294, 315]}, {"key": "option-to-purchase-shares", "type": "clause", "offset": [334, 359]}, {"key": "the-company-stock", "type": "clause", "offset": [374, 391]}, {"key": "the-foregoing", "type": "clause", "offset": [502, 515]}, {"key": "to-receive", "type": "definition", "offset": [675, 685]}, {"key": "the-paying-agent", "type": "clause", "offset": [691, 707]}, {"key": "on-behalf-of", "type": "definition", "offset": [733, 745]}, {"key": "the-surviving-corporation", "type": "clause", "offset": [746, 771]}, {"key": "after-the-effective-time", "type": "clause", "offset": [785, 809]}, {"key": "in-exchange", "type": "clause", "offset": [811, 822]}, {"key": "cancellation-of", "type": "clause", "offset": [831, 846]}, {"key": "equal-to", "type": "definition", "offset": [892, 900]}, {"key": "the-excess", "type": "clause", "offset": [901, 911]}, {"key": "common-share-merger-consideration", "type": "definition", "offset": [932, 965]}, {"key": "per-share-exercise-price", "type": "clause", "offset": [980, 1004]}, {"key": "shares-subject-to", "type": "clause", "offset": [1063, 1080]}, {"key": "option-consideration", "type": "definition", "offset": [1138, 1158]}, {"key": "tax-withholding-requirements", "type": "clause", "offset": [1239, 1267]}, {"key": "prior-to-the-effective-time", "type": "clause", "offset": [1269, 1296]}, {"key": "responsible-for", "type": "clause", "offset": [1319, 1334]}, {"key": "holders-of", "type": "clause", "offset": [1380, 1390]}, {"key": "company-stock-options", "type": "clause", "offset": [1391, 1412]}, {"key": "of-option", "type": "clause", "offset": [1462, 1471]}, {"key": "such-information", "type": "definition", "offset": [1527, 1543]}, {"key": "requested-by", "type": "definition", "offset": [1550, 1562]}, {"key": "to-ensure", "type": "clause", "offset": [1622, 1631]}, {"key": "reasonably-necessary", "type": "clause", "offset": [1690, 1710]}, {"key": "to-approve", "type": "clause", "offset": [1711, 1721]}, {"key": "of-the-company", "type": "clause", "offset": [1738, 1752]}, {"key": "in-connection-with", "type": "clause", "offset": [1767, 1785]}, {"key": "the-transactions-contemplated-by-this-agreement", "type": "clause", "offset": [1786, 1833]}, {"key": "rule-16b-3", "type": "clause", "offset": [1909, 1919]}, {"key": "the-exchange-act", "type": "definition", "offset": [1923, 1939]}], "snippet": "(a) The Company shall take all reasonable action to, as of the Effective Time (i) terminate the stock option plans listed in Section 3.3 of the Disclosure Schedule, (as hereinafter defined) each as amended through the date of this Agreement (the \u201cCompany Stock Option Plans\u201d); and (ii) cancel, at the Effective Time, each outstanding option to purchase Shares granted under the Company Stock Option Plans (each, a \u201cCompany Stock Option\u201d) that is outstanding and unexercised as of such time. Subject to the foregoing, each holder of a Company Stock Option that is outstanding and unexercised at the Effective Time, whether or not then exercisable or vested, shall be entitled to receive from the Paying Agent (as hereinafter defined) on behalf of the Surviving Corporation, immediately after the Effective Time, in exchange for the cancellation of such Company Stock Option, an amount in cash equal to the excess, if any, of (i) the Common Share Merger Consideration over (ii) the per share exercise price of such Company Stock Option, multiplied by the number of Shares subject to such Company Stock Option as of the Effective Time (the \u201cOption Consideration\u201d). Any such payment shall be subject to all applicable federal, state and local tax withholding requirements. Prior to the Effective Time, the Company shall be responsible for delivering to the Paying Agent (i) a list of holders of Company Stock Options, (ii) calculations showing the respective amount of Option Consideration for each Company Stock Option, and (iii) such information as is requested by Paying Agent and in the Company\u2019s possession and necessary to ensure proper withholding.\n(b) The Company shall take all action reasonably necessary to approve the disposition of the Company Stock Options in connection with the transactions contemplated by this Agreement (collectively, the \u201cTransactions\u201d) so as to exempt such dispositions under Rule 16b-3 of the Exchange Act.", "hash": "5f9a8afd29f86ed703a56d1ab4067bda", "id": 9}, {"samples": [{"hash": "jQ6Eij5z7Pn", "uri": "/contracts/jQ6Eij5z7Pn#employee-stock-options", "label": "Merger Agreement (Invivo Corp)", "score": 18.0, "published": true}, {"hash": "4Dm86NsD8qZ", "uri": "/contracts/4Dm86NsD8qZ#employee-stock-options", "label": "Agreement and Plan of Merger (Intermagnetics General Corp)", "score": 18.0, "published": true}], "size": 12, "snippet_links": [], "snippet": "10 SECTION 3.08", "hash": "4fe0b33fa9a487db7acdc55b3cf16765", "id": 4}, {"samples": [{"hash": "jI0BXpO8Ygb", "uri": "/contracts/jI0BXpO8Ygb#employee-stock-options", "label": "Merger Agreement (Select Medical Corp)", "score": 18.0, "published": true}], "size": 6, "snippet_links": [{"key": "the-company-will", "type": "clause", "offset": [0, 16]}, {"key": "obtain-from", "type": "clause", "offset": [52, 63]}, {"key": "a-stock", "type": "definition", "offset": [79, 86]}, {"key": "at-the-effective-time", "type": "clause", "offset": [161, 182]}, {"key": "and-directors", "type": "clause", "offset": [221, 234]}, {"key": "company-stock-option-plans", "type": "clause", "offset": [259, 285]}, {"key": "by-the-company", "type": "clause", "offset": [348, 362]}, {"key": "prior-to-the-effective-time", "type": "clause", "offset": [375, 402]}, {"key": "to-receive", "type": "definition", "offset": [469, 479]}, {"key": "as-soon-as-practicable", "type": "definition", "offset": [505, 527]}, {"key": "in-consideration-for", "type": "clause", "offset": [556, 576]}, {"key": "cancellation-of", "type": "clause", "offset": [581, 596]}, {"key": "option-spread", "type": "clause", "offset": [639, 652]}, {"key": "equal-to", "type": "definition", "offset": [655, 663]}, {"key": "the-product", "type": "clause", "offset": [664, 675]}, {"key": "subject-to", "type": "definition", "offset": [715, 725]}, {"key": "the-excess", "type": "clause", "offset": [761, 771]}, {"key": "per-share-amount", "type": "clause", "offset": [788, 804]}, {"key": "exercise-price-per-share", "type": "definition", "offset": [814, 838]}, {"key": "company-common-stock", "type": "clause", "offset": [842, 862]}, {"key": "to-tender", "type": "definition", "offset": [980, 989]}, {"key": "the-offer", "type": "clause", "offset": [1044, 1053]}, {"key": "the-option", "type": "clause", "offset": [1069, 1079]}, {"key": "section-33", "type": "clause", "offset": [1153, 1164]}, {"key": "number-of-shares-which-may-be-purchased", "type": "clause", "offset": [1297, 1336]}, {"key": "exercise-of-the-warrants", "type": "clause", "offset": [1340, 1364]}, {"key": "price-of-the", "type": "clause", "offset": [1446, 1458]}, {"key": "reduction-for-applicable-tax-withholding", "type": "clause", "offset": [1507, 1547]}, {"key": "to-submit", "type": "definition", "offset": [1660, 1669]}, {"key": "form-w-9", "type": "definition", "offset": [1672, 1680]}, {"key": "other-forms", "type": "clause", "offset": [1697, 1708]}, {"key": "payable-to", "type": "definition", "offset": [1792, 1802]}, {"key": "the-company-shall", "type": "clause", "offset": [1826, 1843]}, {"key": "necessary-and-appropriate", "type": "clause", "offset": [1861, 1886]}, {"key": "all-stock", "type": "clause", "offset": [1895, 1904]}, {"key": "equity-based-plans", "type": "clause", "offset": [1921, 1939]}, {"key": "with-respect-to", "type": "clause", "offset": [1951, 1966]}, {"key": "the-shares", "type": "clause", "offset": [1967, 1977]}, {"key": "company-plans", "type": "clause", "offset": [1993, 2006]}, {"key": "the-provisions", "type": "clause", "offset": [2053, 2067]}, {"key": "other-benefit-plan", "type": "definition", "offset": [2075, 2093]}, {"key": "the-issuance", "type": "clause", "offset": [2108, 2120]}, {"key": "grant-of", "type": "clause", "offset": [2134, 2142]}, {"key": "capital-stock-of-the-company", "type": "clause", "offset": [2147, 2175]}], "snippet": "The Company will use its reasonable best efforts to obtain from each holder of a stock option (a \"Company Stock Option\") outstanding, whether or not exercisable at the Effective Time under the Company's Stock Option Plan and Directors Stock Option Plan (the \"Company Stock Option Plans\"), such holder's agreement that such option shall be canceled by the Company immediately prior to the Effective Time. Each holder of a canceled Company Stock Option shall be entitled to receive at the Effective Time or as soon as practicable thereafter from the Company in consideration for the cancellation of such Company Stock Option an amount (the \"Option Spread\") equal to the product of (i) the number of Shares previously subject to such Company Stock Option and (ii) the excess, if any, of the Per Share Amount over the exercise price per share of Company Common Stock previously subject to such Company Stock Option. Each holder of a Company Stock Option shall also be given the right to tender such options, whether or not exercisable, pursuant to the Offer and to receive the Option Spread pursuant to the Offer; and each holder of Warrants referred to in Section 3.3 shall also be given the right to tender such Warrants pursuant to the Offer and to receive an amount equal to the product of(i) the number of Shares which may be purchased on exercise of the Warrants and (ii) the excess, if any, of the Per Share Amount over the per share exercise price of the Warrants. In any such case, such payment, after reduction for applicable tax withholding, if any, shall be made in cash. Each holder of a Company Stock Option or Warrants shall be given an opportunity to submit a Form W-9 and/or whatever other forms may be necessary to prevent any tax from being withheld from the amounts otherwise payable to such holder hereunder. The Company shall take all actions necessary and appropriate so that all stock option or other equity based plans maintained with respect to the Shares, including the Company Plans, shall terminate as of the Effective Time and the provisions in any other Benefit Plan providing for the issuance, transfer or grant of any capital stock of the Company shall be deleted as of the Effective Time.", "hash": "ed14bde28540d493d79d1e20a6bb9b09", "id": 10}, {"samples": [{"hash": "dTBjB0FTJzG", "uri": "/contracts/dTBjB0FTJzG#employee-stock-options", "label": "Merger Agreement (Reltec Corp)", "score": 18.0, "published": true}, {"hash": "7K1vYihUc2i", "uri": "/contracts/7K1vYihUc2i#employee-stock-options", "label": "Merger Agreement (Gec Acquisition Corp)", "score": 18.0, "published": true}, {"hash": "2HwBrcISJMM", "uri": "/contracts/2HwBrcISJMM#employee-stock-options", "label": "Merger Agreement (Gec Acquisition Corp)", "score": 18.0, "published": true}], "size": 24, "snippet_links": [{"key": "option-to-purchase-shares", "type": "clause", "offset": [55, 80]}, {"key": "time-options", "type": "definition", "offset": [96, 108]}, {"key": "performance-options", "type": "clause", "offset": [112, 131]}, {"key": "employee-options", "type": "clause", "offset": [135, 151]}, {"key": "the-amended-and-restated", "type": "clause", "offset": [173, 197]}, {"key": "option-plan", "type": "definition", "offset": [241, 252]}, {"key": "employees-of", "type": "clause", "offset": [257, 269]}, {"key": "plan-of", "type": "definition", "offset": [371, 378]}, {"key": "in-connection-with", "type": "clause", "offset": [473, 491]}, {"key": "any-change", "type": "definition", "offset": [492, 502]}, {"key": "company-stock-plans", "type": "definition", "offset": [550, 569]}, {"key": "the-offer", "type": "clause", "offset": [589, 598]}, {"key": "options-issued", "type": "definition", "offset": [653, 667]}, {"key": "former-employees", "type": "clause", "offset": [691, 707]}, {"key": "equal-installments", 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"offset": [3213, 3226]}, {"key": "publicly-traded", "type": "definition", "offset": [3256, 3271]}, {"key": "london-stock-exchange", "type": "clause", "offset": [3279, 3300]}, {"key": "a-us", "type": "clause", "offset": [3304, 3309]}, {"key": "closing-sales-price", "type": "definition", "offset": [3341, 3360]}, {"key": "date-of-exercise", "type": "clause", "offset": [3429, 3445]}, {"key": "other-terms-and-conditions", "type": "definition", "offset": [3461, 3487]}, {"key": "new-york-city", "type": "definition", "offset": [3723, 3736]}, {"key": "transfers-in", "type": "clause", "offset": [3747, 3759]}, {"key": "customs-purposes", "type": "definition", "offset": [3793, 3809]}, {"key": "the-federal-reserve-bank-of-new-york", "type": "definition", "offset": [3813, 3849]}, {"key": "closing-price", "type": "definition", "offset": [3976, 3989]}, {"key": "trading-days", "type": "definition", "offset": [4032, 4044]}, {"key": "in-the-event", "type": "clause", "offset": [4139, 4151]}, {"key": "ultimate-parent", "type": "definition", "offset": [4190, 4205]}, {"key": "equitable-basis", "type": "clause", "offset": [4287, 4302]}, {"key": "subject-to-the", "type": "clause", "offset": [4308, 4322]}, {"key": "applicable-legal-requirements", "type": "definition", "offset": [4343, 4372]}, {"key": "provide-to", "type": "clause", "offset": [4387, 4397]}, {"key": "in-lieu-of", "type": "clause", "offset": [4484, 4494]}, {"key": "cash-payment", "type": "clause", "offset": [4508, 4520]}, {"key": "pursuant-to-section", "type": "clause", "offset": [4521, 4540]}, {"key": "phantom-units", "type": "definition", "offset": [4622, 4635]}, {"key": "on-the-same-basis", "type": "definition", "offset": [4636, 4653]}], "snippet": "(a) Each unvested, outstanding ----------------------- option to purchase Shares (including any time options or performance options) (\"Employee Options\") issued pursuant to the Amended and Restated 1995 Stock ------------------ Purchase and Option Plan for Employees of Reltec Holdings, Inc. (the \"1995 Plan\") and Subsidiaries and The 1998 Equity --------- Participation Plan of Reltec Corporation (collectively, the \"Company Stock ------------- Plans\") may be accelerated in connection with any change of control (as defined ----- in the applicable Company Stock Plans) that results from the Offer or the Merger, except for the following:\n(i) Employee Options issued under the 1995 Plan to former employees of Rainford Group, plc that vest based upon performance will not be accelerated but shall be converted as of the Effective Time into options that vest in equal installments over the performance measurement period remaining after the Effective Time;\n(ii) Employee Options issued to former employees of Positron Fiber Systems Corporation that by their current terms terminate upon a change of control will terminate;\n(iii) Employee Options issued since the Company's initial public offering in March 1998 will not be accelerated (other than so-called \"Stock in the Future\" options which will accelerate).\n(b) At the Effective Time, each outstanding vested Employee Option (including any such option which has vested as a result of acceleration as set forth in Section 2.8(a)) shall, subject to Section 2.8(d), be cancelled by the Company, and each holder of any such cancelled vested Employee Option shall be entitled to receive from the Company or, at Parent's option, any subsidiary of the Company (in each case, with funds provided, directly or indirectly, by GEC, p.l.c. (or any successor to the non-defense business)) in consideration for cancellation an amount in cash (less applicable withholding Taxes (as defined in Section 4.10 hereof)) equal to the product of (i) the number of Shares subject to such vested Employee Option multiplied by (ii) the excess, if any, of the Merger Consideration over the exercise price per Share previously subject to such vested Employee Option.\n(c) At the Effective Time, each outstanding unvested Employee Option (other than options that by their terms are cancelled or terminated) shall not be cancelled or exercised but shall be amended and converted into phantom stock units equivalent to a number of ordinary shares of GEC, p.l.c. (\"GEC Shares\") ---------- (rounded down to the nearest whole share) determined by multiplying the number of Shares subject to such unvested Employee Option by the Conversion Ratio (as defined below), at a price per GEC Share equivalent (rounded up to the nearest whole \u2587\u2587\u2587\u2587\u2587) equal to (A) the exercise price for the Shares previously purchasable pursuant to such unvested Employee Option converted into pounds sterling at the Noon Buying Rate (as defined below) divided by (B) the Conversion Ratio (each, as so adjusted, a \"Substitute Phantom Unit\"). The value of each Substitute ----------------------- Phantom Unit will be payable upon exercise (less applicable withholding Taxes), at Parent's election, in cash or GEC Shares (provided that such GEC Shares are -------- publicly traded on the London Stock Exchange or a U.S. stock exchange) valued at the closing sales price for a GEC Share on the London Stock Exchange (the \"LSE\") --- on the date of exercise and shall have other terms and conditions comparable to those of the unvested Employee Option replaced by such Substitute Phantom Unit. The \"Conversion Ratio\" shall be equal to the Merger Consideration converted into ---------------- pounds sterling at the noon buying rate in New York City for cable transfers in pounds sterling as certified for customs purposes by the Federal Reserve Bank of New York on the date of the Effective Time (the \"Noon Buying Rate\") divided by ----------------- an amount equal to the average of the closing price for a GEC Share on the LSE for the twenty trading days preceding the Effective Time and weighted for trading volumes of GEC Shares on each such day. In the event another company becomes the successor ultimate parent of Parent, the shares of such successor will be substituted for GEC Shares on an equitable basis.\n(d) Subject to the need to comply with applicable legal requirements, Parent shall provide to each holder of a vested Employee Option that is to be cancelled at the Effective Time in lieu of the positive cash payment pursuant to Section 2.8(b), an alternative of converting such vested Employee Option into Substitute Phantom Units on the same basis described in Section 2.8(c).", "hash": "af33ca9fcce62adace699ac5bd176078", "id": 2}, {"samples": [{"hash": "3yNxrBVxmOj", "uri": "/contracts/3yNxrBVxmOj#employee-stock-options", "label": "Agreement and Plan of Merger and Reorganization (Asyst Technologies Inc /Ca/)", "score": 18.0, "published": true}], "size": 18, "snippet_links": [{"key": "of-the-company", "type": "clause", "offset": [14, 28]}, {"key": "transfer-books", "type": "clause", "offset": [31, 45]}, {"key": "exchange-of-certificates", "type": "clause", "offset": [90, 114]}], "snippet": "4 1.7 Closing of the Company's Transfer Books...................................... 4 1.8 Exchange of Certificates..................................................... 5", "hash": "0fff0e4e76207934cad8fd70364c2526", "id": 3}, {"samples": [{"hash": "2f6cTV8Iwmt", "uri": "/contracts/2f6cTV8Iwmt#employee-stock-options", "label": "Executive Employment Agreement", "score": 31.3408622742, "published": true}, {"hash": "leZfXjQcpnc", "uri": "/contracts/leZfXjQcpnc#employee-stock-options", "label": "Executive Employment Agreement (Hi Tech Pharmacal Co Inc)", "score": 20.0, "published": true}, {"hash": "k2PM6k9mM80", "uri": "/contracts/k2PM6k9mM80#employee-stock-options", "label": "Executive Employment Agreement (Hi Tech Pharmacal Co Inc)", "score": 20.0, "published": true}], "size": 6, "snippet_links": [{"key": "during-the-term-of-this-agreement", "type": "clause", "offset": [0, 33]}, {"key": "to-receive", "type": "definition", "offset": [67, 77]}, {"key": "options-to-purchase", "type": "definition", "offset": [87, 106]}, {"key": "minimum-amount", "type": "definition", "offset": [109, 123]}, {"key": "shares-of-the-corporation", "type": "clause", "offset": [151, 176]}, {"key": "common-stock", "type": "clause", "offset": [179, 191]}, {"key": "in-accordance-with", "type": "definition", "offset": [192, 210]}, {"key": "provisions-of-the", "type": "clause", "offset": [225, 242]}, {"key": "amended-and-restated", "type": "definition", "offset": [257, 277]}, {"key": "stock-option-plan", "type": "definition", "offset": [278, 295]}, {"key": "terms-of-the-plan", "type": "clause", "offset": [357, 374]}, {"key": "a-copy-of", "type": "clause", "offset": [376, 385]}, {"key": "to-the-executive", "type": "clause", "offset": [410, 426]}], "snippet": "During the term of this Agreement, the Executive shall be eligible to receive annually options to purchase a minimum amount of fifty (50,000) thousand shares of the Corporation\u2019s Common Stock in accordance with the terms and provisions of the Corporation\u2019s Amended and Restated Stock Option Plan (the \u201cPlan\u201d). Such options shall vest in accordance with the terms of the Plan, a copy of which has been provided to the Executive.", "hash": "b64f1d548eab0c3290e3bf07f59e8eaf", "id": 8}, {"samples": [{"hash": "hsPllLCTVf5", "uri": "/contracts/hsPllLCTVf5#employee-stock-options", "label": "Merger Agreement (Lithia Motors Inc)", "score": 18.0, "published": true}, {"hash": "hI8K0u9wNe4", "uri": "/contracts/hI8K0u9wNe4#employee-stock-options", "label": "Agreement and Plan of Reorganization (Lithia Motors Inc)", "score": 18.0, "published": true}, {"hash": "hEiCJuNchiX", "uri": "/contracts/hEiCJuNchiX#employee-stock-options", "label": "Agreement and Plan of Reorganization (Lithia Motors Inc)", "score": 18.0, "published": true}], "size": 7, "snippet_links": [{"key": "agrees-to", "type": "clause", "offset": [7, 16]}, {"key": "stock-options", "type": "definition", "offset": [23, 36]}, {"key": "pursuant-to", "type": "clause", "offset": [37, 48]}, {"key": "incentive-stock-plan", "type": "definition", "offset": [58, 78]}, {"key": "management-employees", "type": "definition", "offset": [82, 102]}, {"key": "the-company", "type": "clause", "offset": [118, 129]}, {"key": "after-closing", "type": "definition", "offset": [130, 143]}, {"key": "number-of-shares-available", "type": "clause", "offset": [149, 175]}, {"key": "the-\u2587", "type": "clause", "offset": [206, 211]}, {"key": "equal-to", "type": "definition", "offset": [234, 242]}, {"key": "issued-to", "type": "definition", "offset": [309, 318]}, {"key": "the-shareholders", "type": "clause", "offset": [323, 339]}, {"key": "the-companies", "type": "clause", "offset": [343, 356]}, {"key": "at-the-closing", "type": "clause", "offset": [379, 393]}, {"key": "simultaneous-closings", "type": "clause", "offset": [402, 423]}, {"key": "other-reorganization-agreements", "type": "definition", "offset": [431, 462]}, {"key": "additional-shares", "type": "definition", "offset": [478, 495]}, {"key": "contingent-merger-consideration", "type": "clause", "offset": [518, 549]}, {"key": "series-m-preferred-stock", "type": "definition", "offset": [648, 672]}, {"key": "date-of-issuance", "type": "definition", "offset": [911, 927]}, {"key": "the-options", "type": "clause", "offset": [929, 940]}, {"key": "consistent-with", "type": "clause", "offset": [1014, 1029]}], "snippet": "Lithia agrees to grant stock options pursuant to its 1996 Incentive Stock Plan to management employees remaining with the Company after Closing. The number of shares available for grant to all employees in the \u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587 Group shall be equal to six percent of the total number of shares of Class A Common Stock issued to all the shareholders of the companies in the \u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587 Group at the Closing and the simultaneous closings of the Other Reorganization Agreements including such additional shares that may be issued as Contingent Merger Consideration, plus six percent of the shares of Class A Common Stock issuable upon conversion of the shares of Series M Preferred Stock issued at the Closing and such simultaneous closings including such additional shares that may be issued as Contingent Merger Consideration, determined as though such Series M Preferred Stock were converted to Class A Common Stock at the date of issuance. The options will be granted during 1999 and 2000 to such persons and in such amounts consistent with Lithia's practices and as proposed by W. \u2587\u2587\u2587\u2587\u2587\u2587\u2587 \u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587.", "hash": "e03eff3db20b6e0363edabc21d2e9027", "id": 6}, {"samples": [{"hash": "fT0Uj8pZGLU", "uri": "/contracts/fT0Uj8pZGLU#employee-stock-options", "label": "Executive Employment Agreement (Debut Broadcasting Corporation, Inc.)", "score": 20.0485973358, "published": true}, {"hash": "88RvdG65mja", "uri": "/contracts/88RvdG65mja#employee-stock-options", "label": "Executive Employment Agreement (Debut Broadcasting Corporation, Inc.)", "score": 20.0485973358, "published": true}, {"hash": "6xKoLNufLne", "uri": "/contracts/6xKoLNufLne#employee-stock-options", "label": "Executive Employment Agreement (Debut Broadcasting Corporation, Inc.)", "score": 20.0485973358, "published": true}], "size": 6, "snippet_links": [{"key": "date-of-this-agreement", "type": "definition", "offset": [22, 44]}, {"key": "year-of-this-agreement", "type": "definition", "offset": [76, 98]}, {"key": "common-stock-of-the-company", "type": "clause", "offset": [167, 194]}, {"key": "the-market-price", "type": "clause", "offset": [198, 214]}, {"key": "stock-incentive-plan", "type": "definition", "offset": [289, 309]}, {"key": "as-amended", "type": "definition", "offset": [311, 321]}, {"key": "consist-of", "type": "clause", "offset": [330, 340]}, {"key": "qualified-options", "type": "clause", "offset": [376, 393]}, {"key": "to-be-determined", "type": "clause", "offset": [401, 417]}, {"key": "the-provisions-of-the", "type": "clause", "offset": [451, 472]}], "snippet": "Upon the Commencement Date of this Agreement and on the anniversary of each year of this agreement thereafter, Executive shall be granted 100,000, options to purchase common stock of the Company at the market price on the date of such grant. Such options shall be under the Company\u2019s 2007 Stock Incentive Plan, as amended and may consist of a combination of Incentive and non-qualified options as are to be determined. Such options will be subject to the provisions of the Company\u2019s 2007 Stock Incentive Plan.", "hash": "ff53be1e0f927979db010020dfdfe525", "id": 7}], "next_curs": "Cl8SWWoVc35sYXdpbnNpZGVyY29udHJhY3RzcjsLEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2Ih9lbXBsb3llZS1zdG9jay1vcHRpb25zIzAwMDAwMDBhDKIBAmVuGAAgAA==", "clause": {"size": 525, "children": [["", ""], ["general-principles", "General Principles"], ["vesting-of-options", "Vesting of Options"], ["effect-of-termination", "Effect of Termination"], ["leases", "Leases"]], "parents": [["the-merger", "The Merger"], ["description-of-transaction", "Description of Transaction"], ["additional-agreements", "Additional Agreements"], ["compensation", "Compensation"], ["covenants", "Covenants"]], "title": "Employee Stock Options", "id": "employee-stock-options", "related": [["employee-stock", "Employee Stock", "Employee Stock"], ["incentive-stock-options", "Incentive Stock Options", "Incentive Stock Options"], ["nonqualified-stock-options", "Nonqualified Stock Options", "Nonqualified Stock Options"], ["company-stock-options", "Company Stock Options", "Company Stock Options"], ["stock-options", "Stock Options", "Stock Options"]], "related_snippets": [], "updated": "2026-08-06T04:42:50+00:00"}, "json": true, "cursor": ""}}