Assumption and Substitution. Provide that the Option shall be assumed, or substantially equivalent rights shall be provided in substitution therefor, by the acquiring or succeeding entity (or an affiliate thereof).
Appears in 4 contracts
Sources: Stock Option Agreement (8x8 Inc /De/), Stock Option Agreement, Stock Option Agreement (8x8 Inc /De/)
Assumption and Substitution. Provide that the Option shall be assumed, or substantially equivalent rights shall be provided in substitution therefor, by the acquiring or succeeding entity (or an affiliate thereof), and that any repurchase or other rights of the Company under the Option shall inure to the benefit of such acquiring or succeeding entity (or affiliate thereof).
Appears in 2 contracts
Sources: New Employee Inducement Grant Stock Option Agreement (MoSys, Inc.), New Employee Inducement Grant Stock Option Agreement (MoSys, Inc.)