Unvested Company Options. At the Effective Time, each Unvested Company Option that is outstanding as of the Effective Time shall be immediately cancelled and no consideration shall be paid therefor.
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Unvested Company Options. At the Effective Time, each Unvested Company Option that is outstanding as of immediately prior to the Effective Time shall not be immediately assumed by Parent and shall be cancelled and for no consideration shall be paid therefor(collectively, the “Cancelled Options”).
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Samples: Agreement and Plan of Merger (Procore Technologies, Inc.)
Unvested Company Options. At the Effective Time, each Unvested Company Option that is unexpired, unexercised and outstanding as of immediately prior to the Effective Time and which is unvested and not exercisable as of immediately prior to the Effective Time (each, an “Unvested Company Option”) shall automatically be immediately terminated and cancelled without consideration and no consideration shall not be paid thereforassumed or substituted by Acquirer.
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Samples: Agreement and Plan of Merger (SuccessFactors, Inc.)
Unvested Company Options. At the Effective Timetime, each Unvested unvested Company Option that is outstanding as of immediately prior to the Effective Time shall be immediately cancelled canceled and no consideration shall be paid therefor.
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