Examples of Target Option Plan in a sentence
Acquiror shall comply with the terms of the Target Option Plan and use best efforts to ensure, to the extent required by, and subject to the provisions of, such Target Option Plan and Sections 422 and 424(a) of the Code, that Target Options which qualified as incentive stock options prior the Effective Time continue to qualify as incentive stock options after the Effective Time.
Acquiror shall comply with the terms of the Target Option Plan and the parties intend that, to the extent required by, and subject to the provisions of, such Target Option Plan and Sections 422 and 424(a) of the Code, that Target Options which qualified as incentive stock options prior the Effective Time continue to qualify as incentive stock options after the Effective Time, and this provision shall be interpreted consistent with that intent.
There are no Target Options other than those issued pursuant to the Target Option Plan, and Target has provided to Parent true, correct and complete copies of the Target Option Plan and each underlying agreement related thereto.
Except as provided in the Target Disclosure Schedule, consistent with the terms of the Target Option Plan and the documents governing the outstanding options under the Target Option Plan, the Merger will not terminate any of the outstanding Target Options or accelerate the exercisability or vesting of such Target Options or the shares of Acquiror Series P Common underlying Target Options upon the Acquiror's assumption thereof in the Merger.
Each Target Option outstanding immediately prior to the Effective Time, whether granted pursuant to the Target Option Plan or otherwise shall be cancelled and terminated at the Effective Time.