Rights to Acquire Company Common Stock. At the Effective Time, each right of a person to be issued Company Common Stock, whether or not then vested or otherwise matured, previously granted by the Company in connection with an acquisition (an "ISSUE RIGHT"), shall be automatically converted into the right to receive from Parent, at the Effective Time, cash in an amount equal to the product of (i) the Merger Consideration, times (ii) the number of shares of Company Common Stock issuable pursuant to such Issue Right.
Rights to Acquire Company Common Stock. (i) Subject to paragraph (iii) below, immediately prior to the Effective Time, each outstanding option to acquire Company Common Stock (“Company Options”) granted under the Company’s 1999 Stock Option Plan (the “Company Option Plan”) and each outstanding warrant or other right to acquire Company Common Stock (“Company Warrants,” and together with Company Options, “Company Rights”), whether or not then exercisable, shall be cancelled by the Company, and in consideration of such cancellation, the holder thereof shall be entitled to receive from the Company after the Effective Time an amount in respect thereof equal to the product of (A) the excess, if any, of the Merger Price over the per share exercise price thereof and (B) the total number of shares of Company Common Stock subject to such Company Rights to the extent such Company Rights shall not theretofore have been exercised (the “Rights Amount”) (such payment to be net of applicable withholding taxes). Immediately prior to the Effective Time, the Company shall deposit in a bank account an amount of cash equal to the Rights Amount for each Company Right then outstanding (subject to any applicable withholding tax), together with instructions that such cash be promptly distributed following the Effective Time to the holders of such Company Rights in accordance with this Section 2.01(d). From and after the Effective Time, other than as expressly set forth in this Section 2.01(d), no holder of a Company Right shall have any other rights in respect thereof other than to receive payment, if any, for his or her Company Rights as set forth in this Section 2.01(d). At the Effective Time, each Company Right with an exercise price equal to or greater than the Merger Price shall terminate, in accordance with their terms, without payment of any consideration.
Rights to Acquire Company Common Stock. (i) At the Effective Time, each outstanding option (a "Company Option") to acquire shares of Company Common Stock issued under the Company's stock option plans or agreements (the "Company Stock Option Plans") shall be terminated in accordance with the Company Stock Option Plans. Company shall take all action necessary prior to the Effective Time to cause all such Company Options to terminate as of the Effective Time.
Rights to Acquire Company Common Stock
