Stock Option Matters. (a) Parent will make available, under a presently effective Form S-8 registration statement or such additional effective registration statements as it may file with the Securities and Exchange Commission in the future, a sufficient number of shares of Parent Common Stock issuable upon exercise of the Substituted Parent Options, and will use commercially reasonable efforts to maintain the effectiveness of such registration statement or registration statements for so long as shares of Parent Common Stock are issuable pursuant to Substituted Parent Options. Parent will give holders of Substituted Parent Options notice of their new awards within 15 business days after the Effective Time.
Stock Option Matters. (a) At the Effective Time, each unexercised SDI Stock Option that is outstanding immediately prior to the Effective Time under the SDI Plan shall be cancelled and have no further force or effect.
Stock Option Matters. Except as expressly otherwise approved by the Comp Committee, all options issued to employees pursuant to the Company’s 2011 Equity Incentive Plan (the “Plan”) shall be granted with four-year vesting, with 25% of the options vesting on the first anniversary of the vesting start date and the remainder vesting in equal monthly installments thereafter until fully vested. Except with the approval of the Comp Committee (as defined below), no stock options or other equity awards granted under the Plan after the effective date of this Agreement shall contain more than one year of accelerated vesting in the event of (i) a Deemed Liquidation Event and (ii) the employee in question is terminated within twelve months thereafter.
Stock Option Matters. The Company shall, within thirty (30) days of the Closing Date, adopt such amendments to the Company Plans and the Company's By-laws to provide that, unless approved by the
Stock Option Matters. 9 ARTICLE IV
Stock Option Matters. AT THE CLOSING, THE PURCHASER, THE COMPANY AND EACH HOLDER OF AN OPTION TO PURCHASE SHARES OF COMPANY COMMON STOCK (A "COMPANY STOCK OPTION") SHALL ENTER INTO AN OPTION TERMINATION AND ASSUMPTION AGREEMENT OR OPTION TERMINATION AGREEMENT, AS THE CASE MAY BE. THE OPTIONHOLDERS LISTED IN SCHEDULE 3.3 WILL BE PARTIES TO AN OPTION TERMINATION AGREEMENT. ALL OTHER OPTIONHOLDERS WILL BE PARTIES TO AN OPTION TERMINATION AND ASSUMPTION AGREEMENT, AND WILL BE ISSUED NON-TRANSFERABLE, FULLY-VESTED PURCHASER STOCK OPTIONS UPON ASSUMPTION OF 50% OF THE COMPANY STOCK OPTIONS HELD BY SUCH OPTIONHOLDER, CONTAINING SUBSTANTIALLY THE SAME TERMS AND CONDITIONS APPLICABLE UNDER SUCH COMPANY STOCK OPTIONS, AND THE NUMBER OF SHARES OF PURCHASER COMMON STOCK WHICH MAY BE ACQUIRED UPON EXERCISE AND THE EXERCISE PRICE SHALL BE AS SET FORTH IN THE OPTION TERMINATION AND ASSUMPTION AGREEMENTS. UPON THE CLOSING, THE COMPANY'S STOCK OPTION PLAN SHALL BE TERMINATED. THE PURCHASER SHALL FILE A REGISTRATION STATEMENT ON AN APPROPRIATE FORM AND CAUSE THE SAME TO BECOME EFFECTIVE PRIOR TO CLOSING WITH RESPECT TO THE ISSUANCE OF THE PURCHASER COMMON STOCK WHICH MAY BE ACQUIRED UPON EXERCISE OF THE PURCHASER STOCK OPTIONS ISSUED PURSUANT TO THE OPTION TERMINATION AND ASSUMPTION AGREEMENTS. EACH COMPANY OPTIONHOLDER SHALL BE A THIRD PARTY BENEFICIARY OF THE AGREEMENTS SET FORTH IN THIS SECTION 3.3(a), AND SHALL HAVE THE RIGHT TO ENFORCE PURCHASER'S OBLIGATIONS HEREUNDER.
Stock Option Matters. (a) At the Effective Time, Tilray shall assume the Privateer Plan.
Stock Option Matters. The Company shall, within thirty (30) days of the Closing Date, adopt such amendments to the Company's stock option plans and the Company's By-laws (the "Stock Option Plan and By-law Amendments") to provide that, unless approved by the holders of a majority of the shares present and entitled to vote at a duly convened meeting of shareholders, the Company shall not grant any stock options with an exercise price that is less than 100% of the fair market value of the underlying stock on the date of grant or reduce the exercise price of any stock option granted under any existing or future stock option plan. This By-law may not be amended or repealed without the affirmative vote of the holders of a majority of the shares present and entitled to vote at a duly convened meeting of shareholders. Upon the adoption of the Stock Option Plan and By-law Amendments, the Company shall promptly furnish a copy of such amendments to the Subscribers.
Stock Option Matters. As soon as practicable following the Effective Time, the Compensation Committee of the Board of Directors of ARC shall consider in good faith whether and to what extent it would be appropriate or desirable to reprice or otherwise modify stock options received by holders of AmDoc Shares pursuant to Section 2.8 hereof or grant to such persons additional stock options.
Stock Option Matters. The Company shall, within thirty (30) days of the Closing Date, adopt such amendments to the Company's stock option plans, restricted stock plans, stock purchase plans and its Bylaws to provide (i) that, unless approved by the holders of a majority of the voting stock (voting together as a single class), the Company shall not grant any stock options with an exercise price of less than 100% of the fair market value of the underlying stock on the date of grant, (ii) that these amendments may not be further amended or repealed without the affirmative vote of the holders of a majority of the voting stock of the Company (voting together as a single class) and (iii) that, unless approved by the holders of a majority of the voting stock (voting together as a single class), the Company will not amend, waive or repeal Sections 8.8 and 8.9 of its Bylaws. The Company shall provide to each of the Purchasers such documents or instruments used to effect the foregoing provisions of this Section 6.6 promptly upon such amendments being brought into force.
