Merger, Consolidation or Asset Sale. If the Company is merged or consolidated with another entity or sells or otherwise disposes of substantially all of its assets to another company while this Option remain outstanding under this Plan, unless provisions are made in connection with such transaction for the continuance of this Plan and/or the assumption or substitution of such Option with new options or stock awards covering the stock of the successor company, or parent or subsidiary thereof, with appropriate adjustments as to the number and kind of shares and prices, then this Option, whether or not vested or then exercisable, shall terminate immediately as of the effective date of any such merger, consolidation or sale.
Appears in 4 contracts
Samples: Incentive Stock Option Agreement (Inmune Bio, Inc.), Incentive Stock Option Agreement (Inmune Bio, Inc.), Incentive Stock Option Agreement (Inmune Bio, Inc.)
