Common use of Stock Options and Warrants Clause in Contracts

Stock Options and Warrants. At the Effective Time, all options to purchase Company Common Stock then outstanding under Company's 1996 Stock Option/Stock Issuance Plan, including options originally granted under Company's 1990 Stock Option Plan (the "Company Option Plan"), shall be assumed by Parent in accordance with Section 5.7(a) hereof and all warrants to purchase Company Common Stock then outstanding (other than those that Parent elects not to assume and to deem converted pursuant to the terms thereof) shall be assumed by Parent or converted in accordance with Section 5.7(b) hereof.

Stock Options and Warrants. (a) At the Effective Time, all options to purchase Company Common Stock then outstanding under the Company's 1996 (i) 1984 Stock Option/Stock Issuance Option Plan, including options originally granted under Company's 1990 (ii) Amended 1987 Stock Option Plan and (iii) 1993 Officer and Director Stock Option Plan (each as amended, collectively, the "Company Option PlanPlans"), by virtue of the Merger and without any action on the part of the holder thereof, shall be assumed by Parent in accordance with Section 5.7(a) hereof and all warrants to purchase Company Common Stock then outstanding (other than those that Parent elects not to assume and to deem converted pursuant to the terms thereof) shall be assumed by Parent or converted in accordance with Section 5.7(b) hereof5.5.

Stock Options and Warrants. (a) At the Effective Time, all options to purchase Company Common Stock then outstanding under the Company's 1996 1995 Stock Option/Stock Issuance Option Plan, including options originally granted under Company's 1990 Stock Option Plan as amended (the "Company Option 1995 Plan"), the Company's 1999 Stock Plan, as amended (the "1999 Plan" and, together with the 1995 Plan, the "Option Plans") by virtue of the Merger and without any action on the part of the holder thereof, shall be assumed by Parent in accordance with Section 5.7(a) hereof and all warrants to purchase Company Common Stock then outstanding (other than those that Parent elects not to assume and to deem converted pursuant to the terms thereof) shall be assumed by Parent or converted in accordance with Section 5.7(b) hereof5.5.