Acceptance of Option. This Agreement deals only with the Option the Optionee has been granted and not its exercise. The Optionee’s acceptance of the Option places no obligation or commitment on the Optionee to exercise the Option. By signing below, the Optionee indicates acceptance of the Option and his or her agreement to the terms and conditions set forth in this Agreement, which, together with the terms of the Plan, shall become the Company’s Stock Option Agreement with the Optionee. The Optionee also acknowledges receipt of a copy of the Plan and agrees to all of the terms and conditions of the Plan. This Agreement will not be effective until it is signed and returned.
Acceptance of Option. The Recipient shall have no rights with respect to the Option unless the Recipient accepts this Agreement no later than the close of business on the date that is sixty (60) days after the Date of Grant. Such acceptance of the Option shall be effected by accessing the website of Lydall’s administrative agent (the “Administrative Agent”), referenced in the Award Letter, and completing the required on-line grant acknowledgement process.
Acceptance of Option. If the Optionee does not execute this Agreement within sixty (60) days following the Grant Date and thereby accept the terms and conditions of this Agreement and the Plan (including, without limitation, Schedule I of the Plan), then the Optionee will be deemed to have declined the Option and the Option will be null and void (and the Optionee will have no rights with respect thereto).
Acceptance of Option. By accepting receipt of this Agreement, Grantee hereby agrees to the terms and conditions set forth in this Agreement and the Plan with respect to the Option and any Shares issued as a result of the exercise of the Option, in whole or in part.
Acceptance of Option. To accept the Option with respect to Eligible Properties that Optionee wishes to remain subject to the Option, at any time following the IPO Closing and during the Feasibility Period, Optionee shall (A) irrevocably deposit the Project Second Option Payment and (B) deliver a written notice of such acceptance to Optionors, Parent and Escrow Holder (the “Option Acceptance Notice”), identifying on a schedule to such notice the Property being accepted (i.e., the Eligible Properties that Optionee did not reject during the Feasibility Period in accordance with the terms of this Agreement). Any Eligible Properties not included in the Option Acceptance Notice shall no longer be subject to the terms of this Agreement. Such acceptance shall be irrevocable and Optionee shall have no right to terminate this Agreement with respect to individual Eligible Properties, except in accordance with the provisions of Section 12 hereof; provided, that the foregoing shall not prohibit Optionee from terminating this Agreement in its entirety in accordance with the terms of this Agreement. In the event Optionee fails to deliver an Option Acceptance Notice prior to the expiration of the Feasibility Period, Optionee shall be deemed to have elected to terminate this Agreement in its entirety in accordance with the terms of Section 4(a)(ii).
Acceptance of Option. Within one (1) year following the grant of the Option, the Participant must acknowledge receipt of the Option and Agree to the Terms and Conditions of this Agreement, either by serving written notice to the Company, or by accepting the Option within the Company’s on-line Option administration system.
Acceptance of Option. This Option must be accepted more than 60 days after the offer.
Acceptance of Option. 3.1 The Option Holder agrees to abide by the terms of this Deed and, in the event that any Group Company is liable to account for tax or social security contributions (in any jurisdiction) by virtue of the exercise of the Option, the Option Holder agrees to make appropriate arrangements with the relevant Group Company for the satisfaction of all federal, state, local and foreign income and employment tax withholding requirements applicable to the Option exercise and shall indemnify each Group Company accordingly.
3.2 If required by the Company (or relevant employing Subsidiary), the Option Holder agrees to enter into a joint election with the Company (or relevant employing Subsidiary), to transfer the liability for Employer’s Secondary Class 1 National Insurance contributions arising on exercise or other realisation of the Option from the Company (or relevant employing Subsidiary), to the Option Holder. The Option Holder shall execute such joint election as may be prepared by the Company (or relevant employing Subsidiary), and approved by the Inland Revenue within 21 days of its receipt by the Option Holder, failing which the Option will lapse and cease to be exercisable.
3.3 The Option Holder agrees to join with the Company (or relevant employing Subsidiary), in submitting a notice of grant of the Option to the Inland Revenue (including a declaration that the Option Holder complies with the requirements of paragraph 26 of Schedule 5 in relation to the Option) within 92 days of the date of this Deed.
Acceptance of Option. The option cannot be exercised unless you sign your name in the space provided on the enclosed copies of this letter agreement and cause one signed copy to be delivered to the Secretary of the Company, 000 Xxxx Xxxxxxx Xxxxxx, Xxxxxxxx Xxxx, New Jersey, 07662, before 4:30 p.m. Eastern time on the 30th day after the date of grant. If the Secretary does not receive your properly executed copy of this letter agreement before 4:30 p.m. Eastern time on the 30th day after the date of grant, then, anything in this letter agreement to the contrary notwithstanding, the option will be void ab initio and of no effect. (Your signing and delivering a copy of this letter agreement will not commit you to purchase any of the shares that are subject to the option but will evidence your acceptance of the option upon the terms and conditions herein stated.)
Acceptance of Option. You must execute this Agreement by logging on to our administrative agent’s website for the Plan. IF YOU DO NOT ELECTRONICALLY ACCEPT THIS OPTION THROUGH THE WEBSITE WITHIN THIRTY (30) DAYS FOLLOWING THE GRANT DATE AND THEREBY ACCEPT THE TERMS AND CONDITIONS OF THIS AGREEMENT AND THE PLAN, THEN YOU WILL BE DEEMED TO HAVE DECLINED THE OPTION AND THE OPTION WILL BE NULL AND VOID (AND YOU WILL HAVE NO RIGHTS WITH RESPECT TO THE OPTION).
