Common use of No Options, etc Clause in Contracts

No Options, etc. As of December 8, 2000, there are no outstanding agreements, warrants, options, rights or privileges, pre-emptive or contractual, capable of becoming an agreement, including convertible or exchangeable securities, to subscribe for, purchase or otherwise acquire, or otherwise obligating the Corporation or any of its Subsidiaries to issue, any shares of the Corporation or any of its Subsidiaries or securities convertible into or exchangeable for shares of the Corporation or any of its Subsidiaries, other than, on December 8, 2000: (i) options to purchase an aggregate of 5,836,286 Common Shares held by employees of the Corporation and its Subsidiaries, of which options to purchase 2,207,059 Common Shares are vested and exercisable as of December 8, 2000, and the remaining options to acquire 3,629,227 Common Shares are not vested or exercisable as of December 8, 2000, and which become vested and exercisable in accordance with the terms of the relevant plans; (ii) rights under joint venture and similar agreements governing Subsidiaries that are not Significant Subsidiaries; and (iii) as contemplated by this Agreement. Section 4.1(c) of the Disclosure Letter sets forth the vesting schedules and exercise prices of such options. Neither the Corporation nor any of its Subsidiaries is a party to any voting or sale agreements with respect to the Corporation's or any Subsidiary's share capital. Except as set forth in the Public Filings, neither the Corporation nor any of its Subsidiaries is under any obligation to redeem or purchase any of the Corporation's or any Subsidiary's outstanding securities.