Exchange of Options. 4.3.1 In the event that a Sale takes place, the Executive may at any time within six months of the Sale by agreement with the Acquiring Company release his rights under the Option (in this Clause referred to as “the old rights”) in consideration for the grant to him of rights (in this Clause referred to as “the new rights”) which are equivalent to the old rights but relate to shares in a different company.
Exchange of Options. This certificate evidences the agreement between the Company and the undersigned Employee on the New Grant Date to cancel Tranche 3 of the Options granted to the Employee under the Original Agreement, in exchange for the New Tranche 3 Options (defined below) granted as of the New Grant Date to the Employee to purchase (the “Option”), in whole or in part, on the terms provided herein and in the Plan, the following Units as set forth below.
Exchange of Options. Prior to the Effective Time, OCG shall cause PSI to offer, as of the Record Date, to each holder on such date of options, warrants or other rights to subscribe for or purchase OCG Common Stock (collectively, the "OCG Stock Rights"), in exchange therefor, an option, warrant or similar right to subscribe for or purchase an equivalent number of shares of stock of PSI on substantially the same terms and conditions as those contained in such corresponding OCG Stock Rights (the "Exchange Offer"). The Exchange Offer shall occur as of, and shall be conditioned upon, the Closing (as defined in Section 3.6).
Exchange of Options. 5.3.1 In the event that a Sale takes place, the Subscriber may at any time within six months of the Sale by agreement with the Acquiring Company release his rights under the Option (in this clause referred to as “the old rights”) in consideration for the grant to him of rights (in this clause referred to as “the new rights”) which are equivalent to the old rights but relate to shares in a different company.
Exchange of Options. (a) Pursuant to the Plan of Arrangement, at the Effective Time, each Original Option will ultimately be exchanged for an Exchange Option, and thereafter the Original Options will be cancelled.
Exchange of Options. We do not believe that there will be a tax liability solely as a result of your tender of Eligible Options or Required Options for replacement with New Options. We do not believe that you will be subject to tax when the New Options are granted to you under the 2000 Plan.
Exchange of Options. Promptly after the Effective Date, ITEQ will notify in writing each holder of an AIX Option of the exchange of the AIX Option for an option to purchase ITEQ Common Stock in accordance with Section 1.10 hereof.
Exchange of Options. Upon delivery of the Securityholder’s Options to the Company (or, if appropriate, the Affidavit(s)) together with an executed copy of this Agreement, subject to the Company’s acceptance thereof, the Options owned by Securityholder will be deemed converted automatically into the right to receive that number of Shares determined according to the Exchange Ratio.
Exchange of Options. (i) Timing of exchange Where an Option is to be exchanged under this rule 3.2 the exchange will take place as soon as practicable after the relevant event.
Exchange of Options. The Participant hereby agrees that the stock options previously granted to the Participant in 1998 to acquire 300,000 shares of stock in the Employer (the "Stock Options") are hereby cancelled and of no further affect. As consideration for such cancellation the
