Common use of Cancellation of Stock Options Clause in Contracts

Cancellation of Stock Options. Xxxxxxx hereby acknowledges receipt of the Cancellation Notice from the Board of Directors of the Company, whereby the Board of Directors communicated its intent to terminate all options in connection with the Transaction pursuant to Section 15(c)(iii) of the Grande Communications Holdings, Inc. 2000 Stock Incentive Plan. Xxxxxxx further acknowledges and agrees that it is his sole responsibility to exercise the vested portion of any options under the Plan that he holds by the Cancellation Date (as defined in the Cancellation Notice) and that any such vested options that are not so exercised will expire upon the Cancellation Date.

Cancellation of Stock Options. Xxxxxxx You hereby acknowledges acknowledge receipt of the Cancellation Notice from the Board of Directors of the Company, whereby the Board of Directors communicated its intent to terminate all options in connection with the Grande Communications Transaction pursuant to Section 15(c)(iii) of the Grande Communications Holdings, Inc. 2000 Stock Incentive Plan. Xxxxxxx You further acknowledges acknowledge and agrees agree that it is his your sole responsibility to exercise the vested portion of any options under the Plan that he holds you hold by the Cancellation Date (as defined in the Cancellation Notice) and that any such vested options that are not so exercised will expire upon the Cancellation Date.

Cancellation of Stock Options. Xxxxxxx Xxxxxxxxx hereby acknowledges receipt of the Cancellation Notice from the Board of Directors of the Company, whereby the Board of Directors communicated its intent to terminate all options in connection with the Transaction pursuant to Section 15(c)(iii) of the Grande Communications Holdings, Inc. 2000 Stock Incentive Plan. Xxxxxxx Xxxxxxxxx further acknowledges and agrees that it is his sole responsibility to exercise the vested portion of any options under the Plan that he holds by the Cancellation Date (as defined in the Cancellation Notice) and that any such vested options that are not so exercised will expire upon the Cancellation Date.

Cancellation of Stock Options. Xxxxxxx You hereby acknowledges acknowledge receipt of the Cancellation Notice from the Board of Directors of the Company, Company whereby the Board of Directors communicated its intent to terminate all options in connection with the Grande Communications Transaction pursuant to Section 15(c)(iii) of the Grande Communications Holdings, Inc. 2000 Stock Incentive Plan. Xxxxxxx You further acknowledges acknowledge and agrees agree that it is his your sole responsibility to exercise the vested portion of any options under the Plan that he holds you hold by the Cancellation Date (as defined in the Cancellation Notice) and that any such vested options that are not so exercised will expire upon the Cancellation Date.