Common use of Termination of Company Stock Plans Clause in Contracts

Termination of Company Stock Plans. The Company Stock Plans shall terminate as of the Effective Time, and the provisions in any other Company Employee Plan providing for the issuance, transfer or grant of any capital stock of the Company or any interest in respect of any capital stock of the Company shall terminate and be deleted as of the Effective Time, and the Company shall use its commercially reasonable efforts to ensure that following the Effective Time no holder of a Company Stock Option or any participant in any Company Stock Plan or other Company Employee Plan shall have any right thereunder to acquire any capital stock of the Company or the Surviving Corporation.

Termination of Company Stock Plans. The Company Stock Plans shall terminate as of the Effective Time, and the provisions in any other Company Employee Plan providing for the issuance, transfer or grant of any capital stock of the Company or any interest in respect of any capital stock of the Company shall terminate and be deleted as of the Effective Time, Time and the Company shall use its commercially reasonable efforts take all necessary actions prior to the Effective Time to ensure that following the Effective Time no holder of a Company Stock Option or any participant in any Company Stock Plan or other Company Employee Plan shall have any right thereunder to acquire any capital stock of the Company or the Surviving Corporation.

Termination of Company Stock Plans. The Prior to the Effective Time, the Company shall take all actions necessary to terminate all of the Company Stock Plans, such termination to be effective at the Effective Time. From and after the Effective Time, all Company Stock Plans shall terminate as of the Effective Timebe terminated and no Company Stock Options, and the provisions in Restricted Stock, Restricted Stock Units or any other rights with respect to Company Employee Plan providing for the issuance, transfer Common Stock shall be granted or grant of any capital stock of the Company or any interest in respect of any capital stock of the Company shall terminate and be deleted as of the Effective Time, and the Company shall use its commercially reasonable efforts to ensure that following the Effective Time no holder of a Company Stock Option or any participant in any Company Stock Plan or other Company Employee Plan shall have any right thereunder to acquire any capital stock of the Company or the Surviving Corporationoutstanding thereunder.