Subject Options. The Shareholder hereby consents to and agrees that all of the Subject Options that the Shareholder has not previously exercised shall be automatically surrendered and cancelled at the Effective Time in exchange for the right to receive the Option Consideration as provided in Section 2.5(c) of the Merger Agreement.
Appears in 4 contracts
Samples: Agreement and Plan of Merger (Mercer Insurance Group Inc), Agreement and Plan of Merger (United Fire & Casualty Co), Shareholder Support Agreement (United Fire & Casualty Co)
