Common use of Cancellation and Rescission of Awards Clause in Contracts

Cancellation and Rescission of Awards. The Committee may cancel, rescind, withhold or otherwise limit or restrict this Stock Option at any time prior to exercise if the Participant is not in compliance with all applicable provisions of this Agreement and the Plan, or if the Participant engages in any Detrimental Activity.

Appears in 3 contracts

Samples: Nonqualified Stock Option Award Agreement (Biogen Inc.), Nonqualified Stock Option Award Agreement (Bioverativ Inc.), Nonqualified Stock Option Award Agreement (Biogen Idec Inc.)

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Cancellation and Rescission of Awards. The Committee may cancel, rescind, withhold or otherwise limit or restrict this Stock Option at any time prior to exercise if the Participant is not in compliance with all applicable provisions of this Agreement and the Plan, or if the Participant engages in any Detrimental Activity.

Appears in 1 contract

Samples: Nonqualified Stock Option Award Agreement (Bioverativ Inc.)

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