Emulex Option

Emulex Option. Means each option to purchase shares of stock of Emulex which is granted to you by Emulex prior to a Change in Control and each option to purchase shares of stock of Emulex's successor (by purchase of assets, merger, consolidation, reorganization or otherwise) which is granted to you by such successor in connection with or after a Change in Control in exchange or substitution for an option granted to you by Emulex prior to the Change in Control. Emulex Option does not include any option to... purchase shares of stock of QLogic Corporation that you received in connection with the spinoff of QLogic Corporation from the Company and Emulex. View More

Emulex Option. Means each option to purchase shares of the Company that is granted to the Eligible Employee prior to a Change in Control and each option to purchase shares of the stock of the Company's successor (by purchase of assets, merger, consolidation, reorganization or otherwise) that is granted to the Eligible Employee by such successor in connection with or after a Change in Control, whether in exchange or substitution for an option granted to the Eligible Employee by the Company prior to the Change... in Control or otherwise. View More

Emulex Option. Means each option to purchase shares of the Company that is granted to the Executive prior to a Change in Control and each option to purchase shares of the stock of the Company's successor (by purchase of assets, merger, consolidation, reorganization or otherwise) that is granted to the Executive by such successor in connection with or after a Change in Control, whether in exchange or substitution for an option granted to the Executive by the Company prior to the Change in Control or otherwise.