Common use of Stock Options and ESPP Clause in Contracts

Stock Options and ESPP. (a) At the Effective Time, each Company Option that is outstanding and unexercised immediately prior to the Effective Time, whether or not vested, shall be converted into and become an option to purchase Parent Common Stock, and Parent shall assume each such

Appears in 2 contracts

Sources: Merger Agreement (Nassda Corp), Merger Agreement (Synopsys Inc)