Common use of Parent Options Clause in Contracts

Parent Options. Each unexpired and unexercised Parent Option, whether vested or unvested, shall remain outstanding immediately after the First Effective Time in accordance with its current terms; provided that the foregoing shall not affect any Parent Options that accelerate pursuant to their terms.

Appears in 4 contracts

Sources: Merger Agreement (Baudax Bio, Inc.), Merger Agreement (Idera Pharmaceuticals, Inc.), Merger Agreement (Aprea Therapeutics, Inc.)

Parent Options. Each unexpired and unexercised Parent OptionOption and Parent Warrant, whether vested or unvested, shall remain outstanding immediately after the First Effective Time in accordance with its current terms; provided that the foregoing shall not affect any Parent Options that accelerate pursuant to their terms.

Appears in 1 contract

Sources: Agreement and Plan of Merger (Galera Therapeutics, Inc.)

Parent Options. Each unexpired and unexercised Parent Option, whether vested or unvested, shall remain outstanding immediately after the First Effective Time in accordance with its current terms; provided that the foregoing shall not affect any Parent Options that accelerate pursuant to their terms.

Appears in 1 contract

Sources: Merger Agreement (Aquinox Pharmaceuticals, Inc)