Common use of Application of the Plan Clause in Contracts

Application of the Plan. Following any transfer allowed pursuant to Section 4.1 (such transfer a "Permitted Transfer"), (i) the Option shall be subject to the terms and conditions of the Plan and this Agreement and (ii) to the extent not inconsistent with the terms of this Agreement or the Plan, such transferee shall be deemed the "Participant" pursuant to the Plan, provided that, the events of termination of the Option as provided in the Plan and this Agreement shall continue to be applied with respect to the Optionee such that the Option shall be exercisable by transferee only to the extent and for the periods specified in Section 6.9 of the Plan as such periods, terms and events are applied to the Optionee.