Common use of Equity Award Waivers Clause in Contracts

Equity Award Waivers. Prior to the Acceptance Time, the Company shall use its best efforts to obtain all necessary waivers, consents or releases, in form and substance reasonably satisfactory to Parent, from holders of Company Stock Options under the Company Equity Plans and take all such other action, without incurring any liabilities in connection therewith, as Parent may deem to be necessary to give effect to the transactions contemplated by this Section 2.4 (the “Equity Award Waivers”). As promptly as practicable following the date of this Agreement, the Company Board (or, if appropriate, any committee thereof administering the Company Equity Plans) shall adopt such resolutions or take such other actions as are required to give effect to the transactions contemplated by this Section 2.4.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Abbott Laboratories), Agreement and Plan of Merger (Advanced Medical Optics Inc)

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Equity Award Waivers. Prior to the Acceptance Effective Time, the Company shall use its reasonable best efforts to obtain all necessary waivers, consents or releases, in form and substance reasonably satisfactory to Parent, from holders of Company Stock Options and Company Restricted Shares or other equity awards under the Company Equity Share Plans and take all such other action, without incurring any liabilities in connection therewith, as Parent may deem to be necessary to give effect to the transactions contemplated by this Section 2.4 (the “Equity Award Waivers”)3.5. As promptly as practicable following the date of this Agreement, the Company Board (or, if appropriate, any committee thereof administering the Company Equity Share Plans) shall adopt such resolutions or take such other actions as are required to give effect to the transactions contemplated by this Section 2.43.5.

Appears in 1 contract

Samples: Agreement and Plan of Merger (China Fire & Security Group, Inc.)

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Equity Award Waivers. Prior to the Acceptance Effective Time, the Company shall use its reasonable best efforts to obtain all necessary waivers, consents or releases, in form and substance reasonably satisfactory to Parent, from holders of Company Stock Options Restricted Shares and other equity awards under the Company Equity Share Plans and take all such other action, without incurring any liabilities in connection therewith, as Parent may deem to be reasonably necessary to give effect to the transactions contemplated by this Section 2.4 (the “Equity Award Waivers”3.1(g). As promptly as practicable following the date of this Agreement, the Company Board (or, if appropriate, any committee thereof administering the Company Equity Share Plans) shall adopt such resolutions or take such other actions as are reasonably required to give effect to the transactions contemplated by this Section 2.43.1(g).

Appears in 1 contract

Samples: Agreement and Plan of Merger (China Nuokang Bio-Pharmaceutical Inc.)

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