Examples of Company Option Plan in a sentence
The Company has reserved 5,800,000 shares of Common Stock for issuance to employees and consultants pursuant to the Company Option Plan, of which on the date of this Agreement 3,526,468 shares are subject to outstanding, unexercised options, 597,325 shares remain available for future grant and 1,676,217 shares have been issued pursuant to the exercise of options issued under the Company Option Plan.
At the Effective Time, the unvested portion of each outstanding option to purchase shares of Company Common Stock (each an "Unvested Option" and together with the vested portion of each outstanding option, a "Company Option") under the Company Option Plan or otherwise shall be, in connection with the Merger, assumed by Parent.
Notwithstanding the foregoing, Converted Options and Converted RSUs shall be governed by the assumed Company Option Plan.