Examples of Seller Stock Option Plans in a sentence
Subject to the foregoing, the Seller Stock Option Plans and all options issued thereunder shall terminate at the Effective Time.
At the Effective Time, all rights with respect to Seller Common Stock pursuant to stock options granted by the Seller under any currently existing Seller Stock Option Plans shall be converted into corresponding rights to purchase shares of Buyer Common Stock in accordance with the applicable provisions of Article II hereof.
Seller shall take all necessary actions to effect the transactions described in Sections 3.4(a), (b) and (c) above pursuant to the terms of the applicable Seller Stock Option Plans and agreements evidencing the Seller Stock Options and Restricted Stock.
The Seller hereby represents and warrants to the Buyer that the maximum number of shares of Seller Common Stock subject to issuance pursuant to the exercise of stock options issued and outstanding under the Seller Stock Option Plans is not and shall not be at or prior to the Effective Time more than 2,386,818.
In addition, at the close of business on March 16, 2008, there were 3,681,196 shares of Seller Common Stock reserved for issuance upon exercise of outstanding Seller Stock Options, subject to adjustment on the terms set forth in the Seller Stock Option Plans.