Common use of An Option is subject to the Rules but may be renounced Clause in Contracts

An Option is subject to the Rules but may be renounced. An Option is granted incorporating and subject to the Rules. A Participant may renounce his Option, in whole or in part, within 30 days of the Date of Grant and, to the extent renounced, the Option will be treated as if it had never been granted.

An Option is subject to the Rules but may be renounced. An Option is granted incorporating and subject to the Rules. A Participant may renounce his Option, in whole or in part, within 30 days of following the Date of Grant and, to the extent renounced, the Option will be treated as if it had never been granted.

An Option is subject to the Rules but may be renounced. An Option is granted incorporating and subject to the Rules. A Participant may renounce his an Option, in whole or in part, within 30 days of the Date of Grant and, to the extent renounced, the Option will be treated as if it had never been granted.

An Option is subject to the Rules but may be renounced. An Option is granted incorporating and subject to the Rules. A Participant may renounce his an Option, in whole or in part, within 30 days of following the Date of Grant and, to the extent renounced, the Option will be treated as if it had never been granted.