Agreement by Optionee Clause Samples
The 'Agreement by Optionee' clause establishes that the party granted an option (the optionee) formally agrees to the terms and conditions set forth in the option agreement. This clause typically requires the optionee to acknowledge their understanding of the agreement and to commit to fulfilling any obligations or requirements specified, such as payment terms or performance milestones. Its core practical function is to ensure that the optionee is legally bound by the agreement, thereby reducing the risk of disputes over consent or enforceability.
Agreement by Optionee. As a condition precedent to any exercise of the Option, the holder shall comply with all regulations and requirements of any regulatory authority having control of or supervision over the issuance or delivery of shares of Common Stock and, in connection therewith, shall execute any documents which the Committee shall in its sole discretion deem necessary or advisable.