Acknowledgment of Grant Sample Clauses

Acknowledgment of Grant. In accepting this option, the Employee acknowledges that the Employee has received a copy of the Plan and the Award Agreement, including this Appendix A, has reviewed the Plan and the Award Agreement, including this Appendix A, in their entirety and fully understands and accepts all provisions of the Plan and the Award Agreement, including this Appendix A. The Employee further acknowledges that the Employee has read and specifically and expressly approves the Acknowledgment of Conditions section of the Award Agreement, in which the following is clearly described and established:

Acknowledgment of Grant. The Company hereby acknowledges that it has granted on [___] (the “Grant Date”) to the Optionee, on the terms and subject to the conditions specified in the Plan and in this Agreement, an option (the “Option”) to purchase [___] shares of the Company’s Common Stock (the “Option Shares”) for the price of __________ ($_______).

Acknowledgment of Grant. Pursuant to the First Lien Agreement, the Second Lien Agreement and the other loan documents executed in connection therewith, as collateral security for the Pledgor’s obligations to the First Lien Agent and the First Lien Lenders under the First Lien Agreement and to the Second Lien Agent and the Second Lien Lenders under the Second Lien Agreement, the Pledgor granted to the First Lien Agent, for its own benefit and the benefit of the First Lien Lenders on a first priority basis, and to the Second Lien Agent, for its own benefit and the benefit of the Second Lien Lenders on a second priority basis, a present and continuing security interest in (i) the Securities Account and (ii) in all financial assets held therein or credited thereto and all proceeds thereof, including all rights of the Pledgor to receive moneys due in respect of the Securities Account, all claims with respect to the Securities Account, all income or gain earned in respect of the financial assets held in or credited to the Securities Account, and all proceeds receivable or received when the Securities Account is collected, exchanged or otherwise disposed of, whether voluntarily or involuntarily. As between the First Lien Agent and the Second Lien Agent, the First Lien Agent shall have a first priority security interest in such Securities Account and the Second Lien Agent shall have a second priority security interest in such Securities Account and all proceeds receivable or received as provided herein in accordance with the Intercreditor Agreement;

Acknowledgment of Grant. The Company hereby acknowledges that it has granted on January ___, 200___(the “Grant Date”) to the Optionee, on the terms and subject to the conditions specified in the Plan and in this Agreement, an option (the “Option”) to purchase Five Thousand (5,000) shares of the Company’s Common Stock (the “Option Shares”) for the price of ___ ($___).