Parent Options. “Parent Options” shall mean options to purchase shares of Parent Common Stock from Parent (whether granted by Parent pursuant to Parent’s stock option plans, assumed by Parent or otherwise).
Parent Options. Each unexpired and unexercised Parent Option, whether vested or unvested, shall remain outstanding immediately after the First Effective Time in accordance with its current terms; provided that the foregoing shall not affect any Parent Options that accelerate pursuant to their terms.
Parent Options. Each outstanding Parent Option, whether vested or unvested, that is outstanding immediately prior to the Delta Effective Time shall, as of the Delta Effective Time, automatically and without any action on the part of the holder thereof, be converted into a Holdco stock option subject to the same terms and conditions as were applicable to such Parent Option immediately prior to the Delta Effective Time, with respect to a number of underlying shares of Holdco Common Stock equal to the number of shares of Parent Common Stock underlying the Parent Option and with an exercise price equal to the exercise price of such Parent Option.
Parent Options. Prior to the Closing, the Parent Board shall have adopted appropriate resolutions and taken all other actions necessary and appropriate to provide that each unexpired and unexercised Parent Option, whether vested or unvested, shall be accelerated in full effective as of immediately prior to the Effective Time, with each unexercised Parent Option remaining outstanding immediately after the Effective Time in accordance with its terms.
Parent Options. 5.3(a) Parent Preferred Stock...................................................5.3(a) Parent SEC Reports..........................................................5.6
Parent Options. Parent shall take all action necessary, and -------------- shall use its reasonable best efforts to obtain as soon as practicable the consent of option holders to provide that each Parent Stock Option (to purchase shares of Parent Common Stock under the Parent Incentive Plans) which is outstanding at the Effective Time (whether or not such Parent Stock Option is then vested and exercisable) shall, subject to the following sentence, be following the Effective Time exercisable solely into shares of Parent Common Stock that are beneficially owned by certain holders of Parent Common Stock immediately following the Parent Recapitalization and prior to the Effective Time (the "Current Endo Options"). The parties hereto also agree and -------------------- acknowledge that following the date of this Agreement, current holders of Parent Common Stock and current holders of Parent Stock Options will enter into amendments to their current stockholders agreements, Parent Incentive Plans and Parent Stock Options, as the case may be, in order to accomplish the foregoing.
Parent Options. Subject and pursuant to the terms and conditions of the Parent's 2002 Stock Option and Stock Appreciation Rights Plan (the "Plan"), the Company agrees to promptly cause to be granted to the Executive the right and option (the "Parent Options") to purchase up to 50,000 shares of common stock of the Parent, par value $.01 per share ("Common Stock"), to be issued as provided in the Plan. All such Parent Options shall be Incentive Stock Options, as defined in Section 422A of the Internal Revenue Code of 1986 (the "Code"), to the extent permissible thereunder. Any Parent Options in excess of the limits of Section 422A of the Code shall be non-qualified stock options having a term of ten (10) years from the date of grant. All Parent Options shall be exercisable at a price equal to the Fair Market Value (as defined in the Plan) on October 1, 2004, the date of grant. Parent Options to purchase 16,666 shares of Common Stock shall vest on October 1, 2004; Parent Options to purchase 16,667 shares of Common Stock shall vest on October 1, 2005; and Parent Options to acquire the remaining 16,667 shares shall vest on October 1, 2006.
Parent Options. (a) Options to purchase Parent Shares shall be granted, and agreements representing the same substantially in the form attached hereto as Exhibit J shall be issued, by Parent to the Company employees set forth on, and representing the right to purchase such number of Parent Shares per such employee calculated in accordance with, Section 5.12(a) of the Disclosure Schedule as soon as reasonably practical after Closing in accordance with Parent’s plans and policies regarding the granting of options (including, but not limited to, any blackout periods), which options to purchase Parent Shares shall in the aggregate have a Black-Scholes valuation on the date of grant equal to $1,000,000.
(b) In addition to the options described in Section 5.12(a), Parent shall grant options to purchase 50,000 Parent Shares, and issue agreements representing the same substantially in the form attached hereto as Exhibit K, in accordance with and subject to the conditions set forth on Section 5.12(b) of the Disclosure Schedule, the granting of which options to be made in accordance with Parent’s plans and policies regarding the granting of options (including, but not limited to, any blackout periods).
Parent Options. Upon the Effective Date of the Merger, the Surviving Corporation shall assume and continue Parent's 1997 Stock Incentive Plan and all other employee benefit plans of Parent. A number of shares of the Surviving Corporation's Common Stock shall be reserved for issuance upon the exercise of stock options, equal to the number of shares of Parent's Common Stock so reserved immediately before the Effective Date of the Merger.
Parent Options. Parent Stock Options shall have been substituted for the Stock Options which have not been exercised pursuant to Section 1.6 herein. Agreements evidencing the assumption of the Company Options pursuant to Section 1.6 shall have been delivered.
