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Common use of Option Terms Clause in Contracts

Option Terms. Each Adjusted Pinnacle Option shall be treated in accordance with the applicable provisions of the Merger Agreement. Each OpCo Option issued pursuant to this Section 5.2(a) shall be subject to the same terms and conditions regarding term, vesting, and other provisions regarding exercise as set forth in the related Pinnacle Option before the Time of Distribution.

Appears in 7 contracts

Samples: Employee Matters Agreement, Employee Matters Agreement (PNK Entertainment, Inc.), Employee Matters Agreement (Gaming & Leisure Properties, Inc.)