Cancelled Options. At the Effective Time, each Unvested Company Option outstanding immediately prior to the Effective Time that is not an Assumed Option and each Vested Company Option outstanding immediately prior to the Effective Time held by a Person other than a Continuing Employee that is not an In-the-Money Company Option shall be cancelled and terminated without consideration.
Appears in 2 contracts
Sources: Agreement and Plan of Reorganization (Sumo Logic, Inc.), Agreement and Plan of Reorganization (Sumo Logic, Inc.)