Vital Images Adjustment Plans Sample Clauses

Vital Images Adjustment Plans. The Vital Images, Inc. Incentive Stock ----------------------------- Option Adjustment Plan, 1992 Directors' Option Adjustment Plan and 1995 Stock Incentive Adjustment Plan to be adopted pursuant to Section 4.4 hereof for the purpose of enabling Vital Images to grant options to purchase Vital Images Common Stock to the holders of Bio-Vascular Options granted under the Bio-Vascular Option Plans. Each Vital Images Adjustment Plan will "mirror" the material provisions of the corresponding Bio- Vascular Option Plan, except that each Vital Images Adjustment Plan will provide that: (i) the Distribution will not be deemed a "termination" of the employment of any Bio-Vascular Employee for the purposes of the Plan, and (ii) following the Distribution, termination of employment of any Bio- Vascular Employee for the purposes of the Plan will be determined by reference to employment by Bio-Vascular or any of its subsidiaries.
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Vital Images Adjustment Plans. Prior to the Distribution Date, Vital Images ----------------------------- shall take, or cause to be taken, all action necessary and appropriate (i) to ratify the adoption of the Vital Images Adjustment Plans, and (ii) to present the Vital Images Adjustment Plans to Bio-Vascular, as the sole shareholder of Vital Images, for approval. To the extent authorized by Bio- Vascular prior to the Distribution Date, Vital Images shall reserve for issuance under each Vital Images Adjustment Plan such number of shares of Vital Images Common Stock necessary to grant Options pursuant to Section 4.5(b) hereof; provided, however, that any such shares not used to grant Vital Stock Options pursuant to Section 4.5(b) will not be available for future awards thereunder.
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Related to Vital Images Adjustment Plans

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