Treatment of Company Equity Awards. (a) At the Effective Time, each option to purchase shares of Company Class A Common Stock granted by Company, whether vested or unvested, that is outstanding and unexercised as of the Effective Time (each, a “Company Stock Option”) shall be cancelled and shall cease to be outstanding and shall not be assumed.
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Samples: Agreement and Plan of Merger (United Rentals North America Inc), Agreement and Plan of Merger (Neff Corp), Agreement and Plan of Merger (Neff Corp)
Treatment of Company Equity Awards. (a) At the Effective Time, each option to purchase shares of Company Class A Common Stock granted by Company, whether vested or unvested, Option that is outstanding and unexercised as immediately prior to the Effective Time, whether or not then vested or exercisable, shall be, by virtue of the Effective Time (eachMerger and without any action on the part of Parent, a “the Company, the holder of such Company Stock Option”) shall be Option or any other person or entity, cancelled and shall cease to be outstanding and shall not be assumed.and
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Samples: Agreement and Plan of Merger (Bancorp of New Jersey, Inc.)
Treatment of Company Equity Awards. (a) At the Effective Time, each option to purchase shares award in respect of a share of Company Class A Common Stock subject to vesting, repurchase or other lapse restriction granted by Companyunder a Company Stock Plan, whether vested or unvestednot vested, that is outstanding and unexercised as of immediately prior to the Effective Time (each, a “Company Stock Option”) shall be cancelled and shall cease to be outstanding and shall not be assumed.
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