Acquiror Options Clause Samples
Acquiror Options. All shares of Acquiror Common Stock which may be issued upon the exercise of Assumed Options will be, when issued in accordance with the terms thereof, duly authorized, validly issued, fully paid and nonassessable and not subject to any preemptive rights created by statute, the Articles of Incorporation or Bylaws of Acquiror or any Contract to which Acquiror is a party or by which it is bound.
Acquiror Options. All Acquiror Shares that may be issued upon the exercise of Assumed Options will be, when issued in accordance with the terms thereof, duly authorized, validly issued, fully paid and nonassessable and not subject to any preemptive rights created by statute, the Articles of Association or Memorandum of Association of Acquiror or any Contract to which Acquiror is a party or by which it is bound.
Acquiror Options. Effective upon the Closing, Acquiror and Target shall cooperate to replace with Acquiror stock options any Target Options granted or promised to (a) the twelve (12) Target new hires made after October 26, 2000 from the Additional Options as set forth in or determined in accordance with Exhibit B and (b) any new hires of the Target hired thereafter to which Acquiror consented to in writing. The Target Options so replaced shall not be included in the calculation of the Total Outstanding Shares or the Common Stock Exchange Ratio. Target and Acquiror shall assure that the number of shares of Acquiror Common Stock which may be acquired on exercise of such Acquiror stock options shall not be less than the number of shares of Acquiror Common Stock equal to the number of shares of Target Common Stock that would have been issuable upon exercise of such granted or promised Target Options multiplied by the Common Stock Exchange Ratio and rounded up to the nearest whole number of shares of Acquiror Common Stock.
Acquiror Options. 38 6.15 Officer/Director Indemnity.................................................. 39 6.16
Acquiror Options. In its sole discretion, Acquiror may grant options ---------------- to purchase Acquiror Stock to employees of the Company who, subsequent to the Effective Time, will be employees of the Surviving Corporation.
Acquiror Options. Subject to any limitations set forth in Acquiror's stock option plan, immediately after the Effective Time, Acquiror shall grant to ▇▇▇▇▇ ▇▇▇▇▇▇▇, 9,000 options to purchase shares of Acquiror Common Stock, at an exercise price not to exceed the closing price of Acquiror Common Stock on the NASDAQ on the date of grant; provided, that, in no event shall Acquiror be obligated to grant or enter into an agreement to grant options to purchase more than 9,000 shares of Acquiror Common Stock.