Common use of Optionee Agreements Clause in Contracts

Optionee Agreements. PCCI shall use its reasonable best efforts to obtain from each Optionee an agreement (the “Optionee Agreement”), in the form of Exhibit “B” hereto, canceling such Optionee’s PCCI Stock Options in return for payment, immediately prior to the Effective Time, of the Stock Option Consideration to such Optionee with respect to such Optionee’s PCCI Stock Options.