Expiration Upon Closing Clause Samples

Expiration Upon Closing. Notwithstanding anything to the contrary in this Agreement or otherwise including without limitation paragraphs (A) through (F) above, this Option shall automatically expire and be terminated in its entirety with no consideration to Optionee upon the closing (the “Closing”) of the merger contemplated by Section 1.2 of the Merger Agreement. For sake of clarity, no vesting of the Option shall have occurred prior to or at the Closing and no portion of this Option may be exercised prior to or at the Closing, notwithstanding anything else in this Agreement. Optionee: /s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇ (Signature) Company: /s/ ▇▇▇▇▇ ▇. ▇▇▇▇▇▇ (Signature) Title: ▇▇▇▇▇ ▇. ▇▇▇▇▇▇, Secretary 1. The Plan and Other Agreements The text of the Plan is incorporated in this Agreement by reference. Certain capitalized terms used in this Agreement are defined in the Plan. This Agreement and the Plan constitute the entire understanding between you and the Company regarding this Option. Any prior agreements, commitments or negotiations concerning this Option are superseded.