Stock Options; Payment Rights. At the Effective Time, each outstanding DOCP Stock Option to purchase DOCP Shares, whether or not then exercisable, other than any DOCP Stock Option held in the treasury of DOCP (or any DOCP Subsidiary) or owned by Buyer (or its subsidiary) which shall be treated as provided in Section 2.1(b), shall be canceled, and the holder thereof shall be entitled to receive in full consideration therefor cash in an amount equal to the difference between the Offer Price and the per share exercise price thereof, multiplied by the number of DOCP Shares subject to such DOCP Stock Option; and DOCP shall obtain consents from the holders of any DOCP Stock Options to the extent necessary or appropriate to effect the foregoing.
Appears in 4 contracts
Samples: Merger Agreement (Norfolk Southern Corp), Agreement and Plan of Merger (Delaware Otsego Corp), Merger Agreement (Delaware Otsego Corp)
