Exchange of Newco Options for Exchanged SSI Options. Newco shall offer to issue Newco Options (each representing the right to purchase validly issued, fully paid and nonassessable Newco Common Stock) to the Optionees in exchange for cancellation of their Exchanged SSI Options at the Effective Time, all on the terms specified in this Agreement. At the
Appears in 2 contracts
Sources: Agreement and Plan of Reorganization (Seagate Software Inc), Agreement and Plan of Reorganization (Seagate Technology Inc)