Exercised Options Sample Clauses
Exercised Options. Shares issued pursuant to options to purchase DSNC Common Stock under the Option Plan that are exercised prior to the date that is three business days prior to the Closing Date shall be converted into shares of Alydaar Common Stock in accordance with and subject to the provisions of Section 1.6. In connection with the exercise of options to purchase DSNC Common Stock under the Option Plan as contemplated hereby, such options shall be deemed to have vested not later than the fifth business day prior to the Closing Date.
Exercised Options. The term "Exercised Options" shall have the meaning set forth in Section 2.1.
Exercised Options. As of the Effective Date of this Agreement, Lilly has ----------------- exercised the following options (the "Exercised Options"): -------
(a) An option (the "Oral PTH Option") to an exclusive worldwide (the --------------- "Territory") license to make and use the Emisphere Technology to develop --------- products (the "Oral PTH Products") to deliver PTH by the Oral Route. The terms ----------------- of that agreement are set forth in the 1998 Oral License Agreement, and the license supplement attached hereto as Appendix 1.
(b) An option (the "Oral HGH Option") to an exclusive license in the --------------- Territory to make and use the Emisphere Technology to develop products (the "Oral HGH Products") to deliver Lilly's HGH by the Oral Route. The terms of that ----------------- agreement are set forth in the 1998 Oral HGH License Agreement, and the license supplement attached hereto as Appendix 3.
(c) The work done under this Agreement is related to the Research and Development Programs called for in Clause 5 of the agreements set forth in Sections 2.1 (a) and (b). The terms in these Oral HGH and PTH License Agreements shall supersede any terms of this Agreement that are in conflict therewith, except as noted in Appendix 3.
Exercised Options. Any number of Shares that have been issued on the exercise of an Option will again be available for grants under this Plan, and will be considered to be part of the pool of Shares available for Options under this Plan.