Prior Options. No prior options or rights of first refusal have been granted by Seller to any third parties to purchase or lease any interest in the Property, or any part thereof, which are effective as of the execution date.
Prior Options. All options granted by prior employment agreements and option grants, and not heretofore cancelled or expired, shall continue in full force and effect.
Prior Options. Except for Tenant under this Lease, no person has any agreement, understanding or commitment, option or right of first refusal, or any right or privilege capable of becoming such for the purchase or lease of any interest in the Project, or any part thereof.
Prior Options. Prior to the Commencement Date, Employee has been granted options to purchase common stock of Employer pursuant to Employer's 2004 Amended and Restated Stock Option Plan (the "PLAN") and a separate stock option grant agreement between Employer and Employee (the "Prior Options"). In accordance with the existing terms of the Prior Options (i) upon a Corporate Transaction (as defined in the Plan), all outstanding and unvested Prior Options shall be deemed fully vested and exercisable and (ii) if during the Term, Employer shall terminate this Agreement and Employee's employment hereunder without Cause (as defined below) and other than as a result of Employee's death or Disability (as defined below) or Employee shall terminate this Agreement and Employee's employment hereunder for Good Reason (as defined below), then all outstanding and unvested Prior Options shall be deemed fully vested and exercisable.
Prior Options. Executive’s outstanding stock option grants (the “Prior Options”) remain subject to and governed by the terms and provisions set forth in the applicable stock option agreement by and between NetIQ and Executive and the NetIQ equity incentive plan, if any, under which such grants were awarded; provided, however, that Executive will have one year from the date his service relationship with NetIQ terminates for any reason and under any circumstances to exercise the vested Prior Options shares as well as the additional rights with respect to the Prior Option set forth in Section 5(c) below.
Prior Options all stock options granted to the Executive by Macromedia (other than the New Option) which were outstanding on January 19, 2005, and are to be assumed by the Company and converted into options to purchase shares of the Company's common stock upon the Closing. The vesting of the Prior Options will, upon the Closing, be accelerated in accordance with the resolution concerning stock option vesting acceleration adopted by the Macromedia Board of Directors on February 26, 1997, together with any supplementary resolutions which clarify the manner in which the 18 months of accelerated vesting currently provided to Executive pursuant to the February 26, 1997 resolution is to be applied to the vesting schedules in effect for the Prior Options (collectively, the "Vesting Acceleration Resolution"), which resolutions are hereby incorporated into this Agreement and made a part hereof. Executive shall continue to vest in the unvested portions of the New Option, the New Stock Award and each of the Prior Options, in accordance with the applicable vesting schedule in effect for each such equity award immediately prior to the Effective Date (including the Vesting Acceleration Resolution for the Prior Options), during his period of employment with the Company from and after the Effective Date.
Prior Options. No Option (the “Present Option”) shall be exercised by an Optionee while there is outstanding any Option (a “Prior Option”), granted to such Optionee before the granting of the Present Option, to purchase shares of the Company’s common stock at a price (determined as of the Date of Grant of the Present option) higher than the purchase price under the Present option. For this purpose, a Prior Option will be treated as outstanding until it is exercised in full or expires by reason of lapse of time.
Prior Options. The Parties acknowledge that all obligations with respect to the Options as defined in and provided in the Original Agreement have been fulfilled and that the rights and obligations associated with such grants are now governed by the stock option agreements associated with the Options, the terms of which are not affected by this Amended Agreement.
