Common use of Purchaser Option Clause in Contracts

Purchaser Option. The number of shares of Purchaser Common Stock to which each such amended Option shall relate shall be equal to the product (rounded down to the nearest whole share) of: (a) the number of shares of Company Common Stock (as defined in the Merger Agreement) covered by the Option listed in the Optionee Summary attached as Exhibit A hereto (to the extent not theretofore exercised or terminated prior to the Effective Time), multiplied by (b) the fraction of a share of Purchaser Common Stock represented by the Exchange Ratio (as defined in the Merger Agreement). The exercise price per share (rounded up to the nearest whole cent) of Purchaser Common Stock under each such Option shall be equal to the quotient obtained by dividing (x) the exercise price per share of Company Common Stock covered by the Option by (y) the Exchange Ratio.