Common use of Treatment of Unvested Options Clause in Contracts

Treatment of Unvested Options. With respect to each Company Option that was unvested and unexercisable as of immediately prior to the Effective Time, you will be paid the Option Payments in respect thereof on the earlier of (i) January 2, 2015 (subject to your continued employment on such date), or (ii) the date on which your employment is terminated (A) by the Company for any reason other than for Cause, (B) by you for Good Reason or (C) by reason of your death or permanent disability.

Treatment of Unvested Options. With respect to each Company Option that was unvested and unexercisable as of immediately prior to the Effective Time, you will be paid the Option Payments in respect thereof on the earlier of (i) January 2, 2015 the first anniversary of the Closing (subject to your continued employment on such date), or (ii) the date on which your employment is terminated (A) by the Company for any reason other than for Cause, (B) by you for Good Reason or (C) by reason of your death or permanent disability.