Examples of Unvested Options in a sentence
Unvested Options shall be cancelled for no consideration upon a termination for any reason.
From and after the Effective Time, all Company Unvested Options shall no longer be outstanding and shall cease to exist, and each holder of an Unvested Company Options shall cease to have any rights with respect thereto or arising therefrom, except the right to receive the Assumed Consideration payable hereunder.
Notwithstanding the foregoing, in the event that Participant incurs a Termination of Service due to Participant’s death or Disability following the achievement of GSE Approval, any Unvested Options shall accelerate and vest in full as of the date of Termination of Service.
Consistent with the terms of the Company Option Plan and the documents governing the outstanding Unvested Options under such plan as in effect on the Agreement Date, the Merger shall not terminate any of the outstanding Company Options held by Continuing Employees under such plan or accelerate the exercisability or vesting of such options or the shares of Acquirer Common Stock that shall be subject to those options upon Acquirer’s assumption of the Unvested Options in the Merger.
The cancellation and substitution of such Unvested Options shall be effected through the issuance and grant by Parent of the Parent RSUs under the Parent 2014 Stock Incentive Plan.