Common use of the Exercise Price Clause in Contracts

the Exercise Price. This Put Right shall become exercisable with respect to the events described in clauses (A), (B), (C) and (D) of Section 2(a)(ii) hereof only if the beneficial ownership by the Person or group referenced in such clauses equals or exceeds 30% of the outstanding Company Common Stock. Upon exercise of Optionee's right to receive cash pursuant to this Section 9, the obligation of the Company to deliver Optioned Shares pursuant to this Agreement shall terminate with respect to such number of Optioned Shares for which Optionee shall have elected to be paid in cash under this Section 9.

Appears in 4 contracts

Samples: Stock Option Agreement (Qlogic Corp), Stock Option Agreement (Pairgain Technologies Inc /Ca/), Stock Option Agreement (Adc Telecommunications Inc)

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