Common use of Effect of Certain Transactions Clause in Contracts

Effect of Certain Transactions. Subject to Section 7 hereof, upon the effective date of (a) the liquidation or dissolution of the Company or (b) a merger or consolidation of the Company (a “Transaction”), the Option shall continue in effect in accordance with its terms and the Optionee shall be entitled to receive in respect of all Shares subject to the Option, upon exercise of the Option, the same number and kind of stock, securities, cash, property or other consideration that each holder of Shares was entitled to receive in the Transaction.

Effect of Certain Transactions. Subject to Section 7 hereof, upon the effective date of (ai) the liquidation or dissolution of the Company or (bii) a merger or consolidation of the Company (a “"Transaction”"), the Option shall continue in effect in accordance with its terms and the Optionee shall be entitled to receive in respect of all Shares subject to the Option, upon exercise of the Option, the same number and kind of stock, securities, cash, property or other consideration that each holder of Shares was entitled to receive in the Transaction.

Effect of Certain Transactions. Subject to Section 7 hereof7, upon the effective date of (ai) the liquidation or dissolution of the Company Company, or (bii) a merger or consolidation of the Company (in the case of (i) or (ii), a “Transaction”), the Option shall continue in effect in accordance with its terms and terms, except that after the Optionee shall be entitled to receive in respect of all Shares subject to the OptionTransaction, upon exercise of the Option and payment of the Purchase Price the Optionee shall only be entitled to receive, with respect to each Share underlying the Option, the same number amount and kind of stock, securities, cash, property or other consideration that each a holder of Shares a Share was entitled to receive in the Transaction.