Common use of Xxxxxxxx 66 Group Employees Clause in Contracts

Xxxxxxxx 66 Group Employees. Each non-exercisable COP Option outstanding under the COP Equity Plans which is held by a Xxxxxxxx 66 Employee at the Effective Time shall be converted as of the Effective Time into an option to purchase shares of Xxxxxxxx 66 Common Stock (each such option, a “Xxxxxxxx 66 Non-exercisable Option”) pursuant to the terms of the Xxxxxxxx 66 New Equity Plan subject to terms and conditions after the Effective Time that are substantially similar to the terms and conditions applicable to the corresponding non-exercisable COP Option immediately prior to the Effective Time; provided, however, that from and after the Effective Time:

Xxxxxxxx 66 Group Employees. Each non-exercisable COP Option outstanding under the COP Equity Plans which is held by a Xxxxxxxx 66 Employee at the Effective Time shall be converted as of the Effective Time into an option to purchase shares of Xxxxxxxx 66 Common Stock (each such option, a “Xxxxxxxx 66 Non-exercisable Exercisable Option”) pursuant to the terms of the Xxxxxxxx 66 New Equity Plan subject to terms and conditions after the Effective Time that are substantially similar to the terms and conditions applicable to the corresponding non-exercisable COP Option immediately prior to the Effective Time; provided, however, that from and after the Effective Time: