Company Stock Purchase Plan. Immediately prior to the Effective Time, each outstanding purchase right pursuant to the Company Stock Purchase Plan shall be exercised for the purchase of Company Common Stock at the price per share set forth in the Company Stock Purchase Plan, and the Company Common Stock so purchased shall be considered issued and outstanding immediately prior to the Effective Time and shall be converted pursuant to Section 3.02 hereof. The Company Stock Purchase Plan shall terminate effective with such exercise of purchase rights described herein and no further purchase rights shall be granted thereafter.
Appears in 4 contracts
Samples: Agreement and Plan of Merger and Reorganization (Doubleclick Inc), Stockholder Agreement (Messagemedia Inc), Agreement and Plan of Merger and Reorganization (Messagemedia Inc)
