Common use of Parent Options Clause in Contracts

Parent Options. Prior to the Closing, the Parent Board shall have adopted appropriate resolutions and taken all other actions necessary and appropriate to provide that each unexpired and unexercised Parent Option, whether vested or unvested, shall be accelerated in full effective as of immediately prior to the Effective Time, with each unexercised Parent Option remaining outstanding immediately after the Effective Time in accordance with its terms.

Parent Options. (a) Prior to the Closing, the Parent Board shall have adopted appropriate resolutions and taken all other actions necessary and appropriate to provide that each unexpired and unexercised Parent Option, whether vested or unvested, shall be accelerated in full effective as of immediately prior to the Effective Time. (b) Prior to the Closing, with each unexercised Parent Option remaining outstanding immediately after shall take all actions that may be necessary (under the Effective Time in accordance with its termsParent Stock Plans and otherwise) to effectuate the provisions of this Section 5.22.