Common use of Acceptance by Grantee Clause in Contracts

Acceptance by Grantee. The receipt of the Award is conditioned upon its acceptance by the Grantee no later than 30 days from the date the Agreement was delivered. If the Grantee shall fail to accept this Award by the due date, the Grantee’s Award shall be forfeited to the Company.

Acceptance by Grantee. The receipt of the Award is conditioned upon its acceptance by the Grantee no later than 30 days from the date the Agreement was delivered. If , provided however, if the Grantee shall fail to accept this Award by the due date, the Grantee’s Award shall be forfeited deemed accepted by the Grantee unless the Grantee has notified the Company in writing prior to the Companydue date that he or she declines to accept the Award.