Parallax Options definition

Parallax Options means each unexpired and unexercised option or similar right to purchase shares of Parallax common stock under any stock option plan of Parallax, including the Parallax Medical, Inc. 1999 Equity Incentive Plan (the “Parallax Stock Option Plans”).
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Examples of Parallax Options in a sentence

  • Prior to the Effective Time, the Company shall obtain all necessary consents of the holders of all outstanding Parallax Options under any Parallax Stock Option Plan to cause such Parallax Options to be validly exchanged immediately after the Effective Time into the right to receive the Parallax Option Payment (as defined below), which exchange shall be effected by the Surviving Corporation immediately following the Effective Time.

  • The Company has previously provided Parent with a true and complete list, as of the date hereof, of the prices at which outstanding Company Options and Parallax Options may be exercised under the applicable Company Stock Option Plan or Parallax Stock Option Plan, as the case may be, the number of Company Options or Parallax Options outstanding at each such price and the vesting schedule of the Company Options or Parallax Options for each director, officer, employee or consultant of the Company.

  • The Company shall have obtained all necessary consents of the holders of all outstanding Parallax Options under any Parallax Stock Option Plan to cause such Parallax Options to be validly exchanged for the right to receive the Parallax Option Payment set forth in Section 2.5.1 above.

  • Following the Effective Time, the Parallax Options shall no longer be exercisable by the holder thereof, but shall only entitle such holder to the payment of the Parallax Option Payment, and, prior to the Effective Time, the Company and Parallax shall obtain all necessary consents to ensure that the holders of the Parallax Options will have no rights other than the right to receive the Parallax Option Payment.

  • Except as otherwise set forth in Section 3.3 of the Company Disclosure Schedule, all of the Parallax Options are non-qualified stock options within the meaning of the Code.