Outstanding Stock Option definition
Examples of Outstanding Stock Option in a sentence
As soon as practicable after the Effective Time, RIMG will deliver to each holder of a Outstanding Stock Option or Outstanding Warrant, an appropriate notice setting forth such holder's rights pursuant thereto.
RIMG will assume each such option in such manner that RIMG (1) is a corporation "assuming a stock option in a transaction to which Section 424(a) applies" within the meaning of Section 424 of the Code; or (2) to the extent that Section 424 of the Code does not apply to any such Outstanding Stock Option, would be such a corporation were Section 424 of the Code applicable to such Company Option.
In addition, the Company shall ensure that no discretion is exercised by the Board of Directors or any committee thereof or any other body or Person so as to cause the vesting of any Outstanding Stock Option to accelerate.
RIMG will notify such holders that the Outstanding Stock Option or Outstanding Warrant, as the case may be, will continue in effect on the same terms and conditions (including anti-dilution provisions, and subject to the adjustments required by Sections 2.6 and 2.7 after giving effect to the Merger).
RIMG will use reasonable efforts to ensure that each Outstanding Stock Option and Outstanding Warrant, to the extent it qualifies for special tax treatment prior to the Effective Time (including, without limitation, Section 422 of the Code), will continue so to qualify after the Effective Time.