Common use of Treatment of Xxxxxxx Stock Options Clause in Contracts

Treatment of Xxxxxxx Stock Options. Each Xxxxxxx Option that is outstanding immediately prior to the Distribution Date and that is held by a Veralto Employee who continues in employment through the Distribution Date, whether vested or unvested, shall automatically be assumed by Veralto at the Distribution Date (each, a “Veralto Option”) and shall continue to have, and be subject to, the same terms and conditions (including the term, exercisability and vesting schedule) as were applicable to the corresponding Xxxxxxx Option immediately prior to the Distribution Date, except that each Veralto Option shall (i) relate to a number of shares of Veralto Common Stock (with each discrete grant rounded down to the nearest whole share) equal to the product of (x) the number of shares of Xxxxxxx Common Stock issuable upon the exercise of the corresponding Xxxxxxx Option immediately prior to the Distribution Date and (y) the Equity Award Adjustment Ratio and (ii) have a per-share exercise price (rounded up to the nearest whole cent, subject to Section 4.5(a)) equal to the quotient determined by dividing (x) the per share exercise price of the corresponding Xxxxxxx Option by (y) the Equity Award Adjustment Ratio.

Treatment of Xxxxxxx Stock Options. Each Xxxxxxx Option that is outstanding immediately prior to the Distribution Date Effective Time and that is held by a Veralto Fortive Employee who continues in employment through the Distribution DateEffective Time, whether vested or unvested, shall automatically be assumed by Veralto Fortive at the Distribution Date Effective Time (each, a “Veralto Fortive Option”) and shall continue to have, and be subject to, the same terms and conditions (including the term, exercisability and vesting schedule) as were applicable to the corresponding Xxxxxxx Option immediately prior to the Distribution DateEffective Time, except that each Veralto Fortive Option shall (i) relate to a number of shares of Veralto Fortive Common Stock (with each discrete grant rounded down to the nearest whole share) equal to the product of (x) the number of shares of Xxxxxxx Common Stock issuable upon the exercise of the corresponding Xxxxxxx Option immediately prior to the Distribution Date Effective Time and (y) the Equity Award Adjustment Ratio and (ii) have a per-share exercise price (rounded up to the nearest whole cent, subject to Section 4.5(a)) equal to the quotient determined by dividing (x) the per share exercise price of the corresponding Xxxxxxx Option by (y) the Equity Award Adjustment Ratio.

Treatment of Xxxxxxx Stock Options. Each Xxxxxxx Option that is outstanding immediately prior to the Distribution Date and that is held by a an Veralto Employee who continues in employment through the Distribution Date, whether vested or unvested, shall automatically be assumed by Veralto at the Distribution Date (each, a “Veralto Option”) and shall continue to have, and be subject to, the same terms and conditions (including the term, exercisability and vesting schedule) as were applicable to the corresponding Xxxxxxx Option immediately prior to the Distribution Date, except that each Veralto Option shall (i) relate to a number of shares of Veralto Common Stock (with each discrete grant rounded down to the nearest whole share) equal to the product of (x) the number of shares of Xxxxxxx Common Stock issuable upon the exercise of the corresponding Xxxxxxx Option immediately prior to the Distribution Date and (y) the Equity Award Adjustment Ratio and (ii) have a per-share exercise price (rounded up to the nearest whole cent, subject to Section 4.5(a)) equal to the quotient determined by dividing (x) the per share exercise price of the corresponding Xxxxxxx Option by (y) the Equity Award Adjustment Ratio.

Treatment of Xxxxxxx Stock Options. Each Xxxxxxx Option that is outstanding immediately prior to the Distribution Date Effective Time and that is held by a Veralto an Envista Employee who continues in employment through the Distribution Effective Time shall remain outstanding in accordance with its terms. Each Xxxxxxx Option that is outstanding immediately prior to the Disposition Date and that is held by an Envista Employee who continues in employment through the Disposition Date, whether vested or unvested, shall automatically be assumed by Veralto Envista at the Distribution Disposition Date (each, a “Veralto Envista Option”) and shall continue to have, and be subject to, the same terms and conditions (including the term, exercisability and vesting schedule) as were applicable to the corresponding Xxxxxxx Option immediately prior to the Distribution Disposition Date, except that each Veralto Envista Option shall (i) relate to a number of shares of Veralto Envista Common Stock (with each discrete grant rounded down to the nearest whole share) equal to the product of (x) the number of shares of Xxxxxxx Common Stock issuable upon the exercise of the corresponding Xxxxxxx Option immediately prior to the Distribution Disposition Date and (y) the Equity Award Adjustment Ratio and (ii) have a per-share exercise price (rounded up to the nearest whole cent, subject to Section 4.5(a)) equal to the quotient determined by dividing (x) the per share exercise price of the corresponding Xxxxxxx Option by (y) the Equity Award Adjustment Ratio.