Common use of Stock Options in the Event of a Change of Control Clause in Contracts

Stock Options in the Event of a Change of Control. In the event of a Change of Control (whether or not followed by termination of Consultant's employment), all stock options under any Company [Molecular Biosystems, Inc.] stock option plan which Consultant holds at the time of such Change of Control shall become fully "vested" (i.e., immediately exercisable). The Company [Molecular Biosystems, Inc.] shall also extend the period of exercisability of those stock options to the maximum of four years, or the natural expiration of the stock options, whichever is earlier.

Stock Options in the Event of a Change of Control. In the event of a Change of Control (whether or not followed by termination of ConsultantEmployee's employment), all stock options under any Company [Molecular Biosystems, Inc.] stock option plan which Consultant Employee holds at the time of such Change of Control shall become fully "vested" (i.e., immediately exercisable). The Company [Molecular Biosystems, Inc.] shall also extend the period of exercisability of those stock options to the maximum of four years, or the natural expiration of the stock options, whichever is earlier.