Common use of Effect on Option Clause in Contracts

Effect on Option. Except as provided below in this Subparagraph (b) upon a Special Acceleration pursuant to Subparagraph (a), this Option shall immediately become exercisable in full (including any portion of the Option, which, but for this provision, would not be exercisable) during the 30-day period prior to an approved Transaction during which Grantee shall have the right to exercise this Option, in whole or in part, and upon the expiration of such 30-day period all rights hereunder with respect to unexercised shares shall immediately terminate.

Effect on Option. Except as provided below in this Subparagraph (b) upon a Special Acceleration pursuant to Subparagraph (a), this Option shall immediately become exercisable in full (including any portion of the Option, which, but for this provision, would not be exercisable) during the 30-day period prior to an approved Transaction Approved transaction during which Grantee grantee shall have the right to exercise this Option, in whole or in part, and upon the expiration of such 30-day period all rights hereunder with respect to unexercised shares shall immediately terminate.