Failure to Consummate the Offer. The Optionee recognizes and agrees that Dover's obligations to pay the Buy-Out Amount to the Optionee is subject to the consummation of the Offer by the Purchaser. If the consummation of the Offer does not occur for any reason, Dover shall have no obligation to make any payment of the Buy-Out Amount to the Optionee and each Stock Option and each related Stock Option Grant Agreement (including the vesting schedule) shall be unaffected by this Termination Agreement.
Appears in 6 contracts
Samples: Option Termination Agreement (Dover Investments Corp), Option Termination Agreement (Dover Investments Corp), Option Termination Agreement (Dover Investments Corp)
