Common use of Option Plans Clause in Contracts

Option Plans. (i) Prior to the Closing, the Company shall take any appropriate actions pursuant to the Option Plan (and the underlying option grant agreements) that are necessary to give effect to the provisions of Section 2.6(d) and Section 2.8(c)(v) with respect to Company Options. (ii) The Option Plan and all Company Options shall terminate as of the Effective Time, and no Optionholder shall have any rights thereunder, including any rights to acquire any equity securities of the Company, the Surviving Entity or any Subsidiaries thereof, other than as set forth herein (including pursuant to Section 2.8) or by applicable Law.

Appears in 2 contracts

Sources: Merger Agreement (Priority Technology Holdings, Inc.), Merger Agreement (Priority Technology Holdings, Inc.)

Option Plans. (i) Prior to the Closing, the Company shall take any the appropriate actions pursuant to the Option Plan (and the underlying option grant agreements) that are necessary to give effect to the provisions of Section 2.6(d2.8(c) and Section 2.8(c)(v2.9(a)(v) with respect to the Company Options. (ii) . The Option Plan and all Company Options shall terminate as of the Effective Time, and no Optionholder holder of Company Options or any participant in the Option Plan shall have any rights thereunder, including including, without limitation, any rights to acquire any equity securities of the any Group Company, the Surviving Entity or any Subsidiaries thereofthereof or any other Person, other than than, in the case of the In-The-Money Options, to receive a portion of the Purchase Price as set forth herein (including pursuant to Section 2.8) or by applicable Lawprovided herein.

Appears in 1 contract

Sources: Merger Agreement (Genpact LTD)

Option Plans. (ia) Prior to the Closing, the Company shall take any the appropriate actions pursuant to the Option Plan (and the underlying option grant agreements) that are necessary to give effect to the provisions of Section 2.6(d2.1(b) and Section 2.8(c)(v2.3(a)(iv) with respect to Company Options. (iib) The Option Plan and all Company Options shall terminate as of the Effective TimeClosing, and no Optionholder holder of Company Options shall have any rights thereunder, including any rights to acquire any equity securities of the Company, the Surviving Entity Company or any Subsidiaries thereof, other than as set forth herein (including pursuant to Section 2.82.3) or by applicable Law.

Appears in 1 contract

Sources: Stock Purchase Agreement (Church & Dwight Co Inc /De/)

Option Plans. (ia) Prior to the Closing, the Company shall take any the appropriate actions pursuant to the Option Plan (and the underlying option grant agreements) that are necessary to give effect to the provisions of Section 2.6(d2.8(d) and Section 2.8(c)(v2.9(a)(vii) with respect to Vested Company Options. (iib) The Option Plan and all Company Options shall terminate as of the Effective Time, and no Optionholder holder of Company Options shall have any rights thereunder, including any rights to acquire any equity securities of the Company, the Surviving Entity Corporation or any Subsidiaries thereof, other than as set forth herein (including pursuant to Section 2.82.9) or by applicable Applicable Law.

Appears in 1 contract

Sources: Merger Agreement (SB/RH Holdings, LLC)