CBST » Topics » Dissolution or Liquidation

This excerpt taken from the CBST DEF 14A filed Apr 21, 2006.
Dissolution or Liquidation.   Upon dissolution or liquidation of the Company each outstanding Option shall terminate, but the Optionee (if at the time in the employ of or otherwise associated with the Company or any of its Subsidiaries) shall have the right, immediately prior to such dissolution or liquidation, to exercise the Option to the extent exercisable on the date of such dissolution or liquidation.

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