Examples of Xxxxx Option in a sentence
As of such Preliminary Exchange Closing, Xxxxx and the Compensation Committee of HC's Board of Directors shall agree upon the Ladia employees who shall be granted options (the "Xxxxx Options") under the XX Xxxxx Incentive Plan and the number of shares of HC Common Stock which such employees shall be entitled to purchase (the "Xxxxx Option Shares").
Except as required by the terms of such Xxxx Xxxxx Option, (i) Xxxx Xxxxx shall take no action to cause any Xxxx Xxxxx Option which pursuant to its terms as in effect as of this date would not become vested or exercisable by reason of the transactions contemplated by this Agreement to become vested or exercisable in connection herewith, and (ii) nothing contained in this Agreement shall be interpreted as causing any such Xxxx Xxxxx Option to become vested or exercisable.
As soon as practicable after the Preliminary Exchange Closing Date, HC shall take such actions as shall be necessary to assure that the Xxxxx Option Shares are registered on a Form S-8 registration statement filed with the Commission under the Securities Act.
Other than as provided in paragraph (a) above and in the prior sentence of this paragraph (b), as of and after the Effective Time, each Xxxx Xxxxx Option shall be subject to the same terms and conditions as in effect immediately prior to the Effective Time, but giving effect to the Merger (it being understood that all Xxxx Xxxxx Options exercisable at the same price and granted on the same date shall be aggregated for this purpose).
The Company shall not assume or have any Benefit Liabilities with respect to either the Xxxxxxx 0000 Xxxxx Option Plan or the Xxxxxxx 0000 Xxxxx Option Plan.