Common use of Cancellation of Options Clause in Contracts

Cancellation of Options. The Employee hereby surrenders the Cancelled Options for cancellation, and the Company hereby accepts such surrender and cancellation. By execution of this Agreement, the parties have taken all steps necessary to cancel the Cancelled Options.

Appears in 3 contracts

Samples: Stock Option Cancellation Agreement (Kirkland's, Inc), Stock Option Cancellation Agreement (Corrections Corp of America), Stock Option Cancellation Agreement (Gaylord Entertainment Co /De)

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Cancellation of Options. The Employee hereby surrenders the Cancelled Options for cancellation, and the Company hereby accepts such surrender and cancellation. By execution of this Agreement, the parties have taken all steps necessary to cancel the Cancelled Options.

Appears in 1 contract

Samples: Stock Option Cancellation Agreement (Alexanders J Corp)

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