Common use of Target Options Clause in Contracts

Target Options. Effective immediately prior to the Effective Time and contingent upon consummation of the Merger, all outstanding options to purchase Target Common Stock (the "Target Options") issued under the Target's 1996 Stock Option Plan (the "Target Stock Option Plan") shall become exercisable in full in accordance with the terms of the Target Stock Option Plan. At the Effective Time, all outstanding Target Options that have not been exercised shall be cancelled by virtue of the Merger without any action on the part of the holder thereof.

Target Options. Effective immediately prior to the Effective Time and contingent upon consummation of the Merger, all outstanding options to purchase Target Common Stock (the "“Target Options"”) issued under the Target's 1996 ’s 2003 Stock Option Plan and Restricted Stock Purchase Plan, as amended, the Target’s 2007 Stock Incentive Plan, as amended (collectively, the "“Target Stock Option Plan") shall become exercisable in full in accordance with the terms of the Target Stock Option Plan. At the Effective TimePlans”), all outstanding Target Options or otherwise, that have not been exercised shall be cancelled by virtue of the Merger without any action on the part of the holder thereof, and no Target Options shall be assumed by the Acquiror or the Surviving Corporation.

Target Options. Effective immediately prior to the Effective Time and contingent upon consummation of the Merger, all outstanding options to purchase Target Common Stock (the "Target Options") issued under the Target's 1996 2002 Stock Option Plan (the "Target Stock Option Plan") shall become exercisable in full in accordance with the terms of the Target Stock Option Plan. At the Effective Time, all outstanding Target Options that have not been exercised shall be cancelled by virtue of the Merger without any action on the part of the holder thereof.