Common use of Options Outstanding Clause in Contracts

Options Outstanding. The Company currently maintains the GRC International, Inc. 1985 Employee Stock Option Plan, the GRC International, Inc. 1994 Employee Stock Option Plan, the GRC International, Inc. 1998 Employee Stock Option Plan, the GRC International, Inc. Cash Compensation Replacement Plan, and the GRC International, Inc. Directors Fee Replacement Plan (collectively referred to as the "Stock Plans"), more specifically described in Section 4.2, which provide for the granting of options to purchase and awards of Company Common Stock, and the GRC International, Inc. 1985 Employee Stock Purchase Plan ("ESPP"), which permits employees to purchase Company Common Stock. As of the date of this Agreement, the Company has taken all actions necessary to amend each Stock Plan and the ESPP to provide that no further options, awards or rights to receive equity shall be granted, offered or elected under any Stock Plan after the date hereof. As of the date of this Agreement, the Company has taken all actions necessary to cause the GRC International, Inc. Cash Compensation Replacement Plan, the GRC International, Inc. Directors Fee Replacement Plan, and the ESPP to terminate, and all participant contributions and deferral amounts credited on behalf of the participants under such plans at the time of such termination shall be paid to them in cash by the Company as soon as administratively practicable thereafter.