OPTION PRICING. The Company shall, within 30 days after the -------------- Closing Date, adopt such amendments to the Company's 1993 Stock Option Plan and 1996 Director Option Plan and the Company's By-laws to provide that: (a) the exercise price of any option grants made under such Plans, or pursuant to other arrangements or agreements, shall be equal to, or in excess of, the fair market value of the Company's Common Stock on the date of such the grant; and (b) the Company shall not, without the consent of the stockholders entitled vote thereon, decrease the exercise price of any stock option grants made under the such Plans or any other arrangements or agreements.
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Sources: Stock Purchase Agreement (Fusion Medical Technologies Inc)
OPTION PRICING. The Company shall, within 30 days after the -------------- Closing Date, adopt such amendments to the Company's 1993 Stock Option Plan and 1996 Director Option Plan stock option plans and the Company's By-laws to provide that: (a) the exercise price of any option grants made to employees under such PlansCompany's stock option plans, or option grants pursuant to other arrangements or agreements, shall be equal to, or in excess of, the fair market value of the Company's Common Stock on the date of such the grant; and (b) the Company shall not, without the consent of the stockholders entitled vote thereon, decrease the exercise price of any stock option grants made under the such Plans or any other arrangements or agreements.
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