Common use of Treatment of Options Clause in Contracts

Treatment of Options. At the Effective Time each outstanding option to purchase Shares (a “Company Option”) under the Stock Plans (as defined in Section 5.1(b)), vested or unvested, shall be cancelled and shall only entitle the holder thereof to receive, as soon as reasonably practicable after the Effective Time (and in any event, within two business days after the Effective Time), an amount in cash equal to the product of (x) the total number of Shares subject to the Company Option times (y) the excess, if any, of the value of the Per Share Merger Consideration over the exercise price per Share under such Company Option, less applicable Taxes required to be withheld with respect to such payment.

Treatment of Options. At the Effective Time Time, each outstanding option to purchase Shares (a “Company Option”) under the Stock Plans (as defined in Section 5.1(b)), vested or unvested, shall be cancelled and shall only entitle the holder thereof of such Company Option to receive, as soon as reasonably practicable after the Effective Time (and but in any event, within two event no later than three business days after the Effective Time), an amount in cash equal to the product of (x) the total number of Shares subject to the Company Option times (y) the excess, if any, of the value of the Per Share Merger Consideration over the exercise price per Share under such Company Option, less applicable Taxes required to be withheld with respect to such payment.

Treatment of Options. At the Effective Time each outstanding option to purchase Shares (a “Company Option”) under the Stock Plans (as defined in Section 5.1(b))Plans, vested or unvested, shall be cancelled and shall only entitle the holder thereof of such Company Option to receive, as soon as reasonably practicable after the Effective Time (and in any event, event within two business days after the Effective Timefive Business Days), an amount in cash equal to the product of (x) the total number of Shares subject to the Company Option (without regard to any vesting provisions thereof) times (y) the excess, if any, of the value of the Per Share Merger Consideration over the exercise price per Share under such Company Option, Option less applicable Taxes required to be withheld with respect to such payment.

Treatment of Options. At the Effective Time Time, each outstanding option to purchase Shares (a “Company Option”“) under the Stock Plans (as defined in Section 5.1(b5.1(b)(i)), vested or unvested, shall be cancelled and shall only entitle converted into the holder thereof right to receive, as soon as reasonably practicable after the Effective Time (and in any event, within two no event later than three (3) business days days) after the Effective Time), an amount in cash equal to the product of (x) the total number of Shares subject to the Company Option times (y) the excess, if any, of the value of the Per Share Merger Consideration over the exercise price per Share under such Company Option, less applicable Taxes required to be withheld with respect to such payment.