Common use of Option Plans Clause in Contracts

Option Plans. Pursuant to the Option Plans, the Company has ------------ required that participants thereunder must become parties to this Agreement upon exercise of the options and that they will be "Employee Stockholders" hereunder with respect to such shares. In addition, Endo LLC, notwithstanding any requirement set forth in Section 8.5 hereof, can determine that any options granted pursuant to the Option Plans and outstanding and vested as of the option holder's termination of employment with the Company and its subsidiaries shall be deemed to be Com- mon Stock for purposes of Section 2 hereof; provided, however, that appropriate -------- ------- adjustments shall be made to reflect the existence of an exercise price for such options.

Option Plans. Pursuant to the Option Plans, the Company has ------------ required that participants thereunder must become parties to this Agreement upon exercise of the options and that they will be "Employee Management Stockholders" hereunder with respect to such shares. In addition, Endo LLC, notwithstanding any requirement set forth in Section 8.5 10.4 hereof, can determine that any options granted pursuant to the Option Plans and outstanding and vested as of the option holder's termination of employment with the Company and its subsidiaries shall be deemed to be Com- mon Common Stock for purposes of Section Sections 2 and 3 hereof; provided, -------- however, that appropriate -------- ------- adjustments shall be made to reflect the existence of ------- an exercise price for such options.

Option Plans. Pursuant to the Option Plans, the Company has ------------ required that participants thereunder must become parties to this Agreement upon exercise of the options and that they will be "“Employee Stockholders" ” hereunder with respect to such shares. In addition, Endo LLC, notwithstanding any requirement set forth in Section 8.5 7.5 hereof, can determine that any options granted pursuant to the Option Plans and outstanding and vested as of the option holder's ’s termination of employment with the Company and its subsidiaries shall be deemed to be Com- mon Common Stock for purposes of Section 2 hereof; provided, however, that appropriate -------- ------- adjustments shall be made to reflect the existence of an exercise price for such options.

Option Plans. Pursuant to the Option Plans, the Company has ------------ required that participants thereunder must become parties to this Agreement upon exercise of the options and that they will be "Employee Management Stockholders" hereunder with respect to such shares. In addition, Endo LLC, notwithstanding any requirement set forth in Section 8.5 10.4 hereof, can determine that any options granted pursuant to the Option Plans and outstanding and vested as of the option holder's termination of employment with the Company and its subsidiaries shall be deemed to be Com- mon Common Stock for purposes of Section Sections 2 and 3 hereof; provided, however, that appropriate -------- ------- adjustments shall be made to reflect the existence of an exercise price for such options.

Option Plans. Pursuant to the Option Plans, the Company has ------------ required that participants thereunder must become parties to this Agreement upon exercise of the of options and that they will be "Employee StockholdersStock holders" hereunder with respect to such shares. In addition, Endo LLC, notwithstanding any requirement set forth in Section 8.5 hereof, can determine that any options granted pursuant to the Option Plans and outstanding and vested as of the option holder's termination of employment with the Company and its subsidiaries shall be deemed to be Com- mon Common Stock for purposes of Section 2 hereof; provided, -------- however, that appropriate -------- ------- adjustments shall be made to reflect the existence of ------- an exercise price for such options.