Effect on Stock Options. Any options granted under Section 3(h) that are unvested at the time of a Change in Control shall vest immediately and shall remain exercisable for one year following Executive’s separation from the Company on the terms set forth in the applicable option agreement (including the cashless exercise feature).
Effect on Stock Options. In the event of a Change of Control, fifty percent (50%) of all unvested stock options held by Executive shall vest on the Effective Date and the balance of such unvested options shall vest as of the day immediately preceding any termination of Executive's employment by the Company without Good Cause or by Executive for Good Reason provided that any options granted prior to the date hereof that included specific provisions regarding accelerated vesting shall be unchanged. In addition, any vested stock options (including those vested as a result of this paragraph) held by Executive shall be exercisable during the full term of the stock options in the event of a Change of Control.
Effect on Stock Options. Medscape agrees that this Separation Agreement will not affect the terms of any of your stock option agreements with Medscape, which shall continue to be governed by their separate terms.
Effect on Stock Options. In the event of the termination of your employment, pursuant to paragraphs 7(c) or 7(f) above, any unvested options from the initial 400,000 share grant set forth in paragraph 4(b) above shall become fully vested and exercisable on the date of such termination.
Effect on Stock Options. This Agreement does not constitute or grant continued eligibility of the Consultant to participate in Myriad’s 2009 Employee, Director and Consultant Equity Incentive Plan.
Effect on Stock Options. For each assumed Company Option which has not as of the Earnout Determination Date been exercised, Acquirer shall, within ten (10) business days of the Earnout Determination Date, notify the holder of such assumed Company Option of the portion of the Earnout Amount, if any, payable to such holder with respect to each share of Acquirer Common Stock issuable to such holder upon exercise of such assumed Company Option, which amount shall equal the Earnout Consideration Per Share divided by the Common Conversion Number (rounded to the nearest whole cent) and shall only become payable to such holder in cash at such time as each such share of Acquirer Common Stock is issued to such holder upon exercise of such assumed Company Option in accordance with its terms, which amount shall be paid by Acquirer in one lump sum to such holder at the end of the fiscal quarter of Acquirer during which such option exercise occurred (or upon the date of termination of employment of such holder with the Company, if such event occurs earlier). For each holder of an assumed Company Option that was exercised between the Effective Time and the Earnout Determination Date, Acquirer shall pay to such holder, simultaneously with payment of the Earnout Consideration Per Share, if any, to the Company Stockholders, an amount in cash equal to (A) the number of shares of Acquirer Common Stock issued to such holder upon exercise of such assumed Company Option multiplied by (B) the quotient of the Earnout Consideration Per Share, if any, divided by the Common Conversion Number (rounded to the nearest whole cent).
Effect on Stock Options. Each outstanding option to purchase common stock of the Company shall terminate as of the Effective Time of the Merger, provided however that the holder of an option may exercise it and become a shareholder of the Company prior to the Closing. Payment of the exercise price to the Company prior to the Closing shall not be necessary for the optionee to become a shareholder, but in such event, the unpaid exercise price shall be deducted from the portion of the Merger Consideration such shareholder would have received if the exercise price had been paid and shall be reallocated to the shareholders of record immediately prior to the Effective Time in proportion to their shareholdings on that date. 2.3 PAYMENT SCHEDULE Prior to the Closing, the Company shall prepare a list of the shareholders (the "Payment Schedule") showing the portions of the Merger Consideration to which each shareholder is entitled after taking Section 2.2. into account, the resulting percentage of the Merger Consideration (the "Percentage Share") to which each is entitled, and the amounts, if any, to be withheld for income and employment taxes with respect to each shareholder.
Effect on Stock Options. On the date on which all amounts ----------------------- constituting the Earnout Amount have been finally determined and agreed by Excite@Home and the Representative (the "Earnout Determination Date"), Excite@Home shall: (A) for each Company Option which has not as of such date been exercised, adjust the Option Exchange Ratio as provided in Section 1.6(f)(ii)(A) and within 15 business days of the Earnout Determination Date notify each holder of an unexercised Company Option of the new number of shares issuable pursuant to such option and new exercise price of such option; and (B) for each holder of a Company Option that was exercised between the Effective Time and the Earnout Determination Date, determine the number of shares of Excite@Home Common Stock to be issued to each such holder as provided in Section 1.6(f)(ii)(B) and deliver within 20 business days of the Earnout Determination Date to each such holder such number of shares of Excite@Home Common Stock; provided, however, that for purposes of the determining the Earnout Exchange Ratio to be used only for the adjustment referenced in Section 1.6(f)(ii), the Earnout Amount shall be (x) if the Cards Earnout Amount is based upon the Cards Earnout, the sum of the Cards Earnout and the Users Earnout Amount, and (y) if the Cards Earnout Amount is based upon the Alternative Cards Earnout, the greater of (A) the sum of the Users Earnout Amount and the Alternative Cards Earnout Amount or (B) the sum of the Users Earnout Amount and the Audited Cards Earnout Amount.
Effect on Stock Options. (a) VESTED SHARES -- AUGUST OPTION. Pursuant to the terms of the stock option granted to the Consultant on August 31, 1999 (the "AUGUST OPTION"), the Consultant was granted an option to purchase 429,238 shares of the Company's Ordinary Shares (the "AUGUST SHARES") under the Company's 1999 Stock Plan, and the Consultant, pursuant to the Early Exercise Notice and Restricted Shares Purchase Agreement dated September 27, 1999, elected to purchase the total August Shares which have not yet vested under the vesting schedule at the time of the purchase. The Consultant and the Company acknowledge and agree that there were 187,791 shares of the August Shares already vested as of the Separation Date and the vesting of the August Option shall accelerate such that 134,137 unvested shares of the August Shares shall become immediately vested as of the Effective Date. Accordingly, the Consultant shall be entitled to 321,928 shares of the August Shares.
Effect on Stock Options. At or prior to the Effective Time, each option or other right to purchase shares of any Company Capital Stock (a "COMPANY STOCK OPTION") granted under any Company Option Plan which is outstanding and unexercised immediately prior thereto shall cease to represent a right to acquire shares of Company Capital Stock and shall be cancelled pursuant to the terms hereof. Neither the Merger Sub nor the Surviving Corporation shall assume the Company Option Plans or the Company Stock Options, and no options shall be substituted therefor.
