Common use of Capacity to Protect Interests Clause in Contracts

Capacity to Protect Interests. The Optionee has either (i) a preexisting personal or business relationship with the Company or any of its officers, directors, or controlling persons, consisting of personal or business contacts of a nature and duration to enable the Optionee to be aware of the character, business acumen and general business and financial circumstances of the person with whom such relationship exists, or (ii) such knowledge and experience in financial and business matters as to make the Optionee capable of evaluating the merits and risks of an investment in the Stock and to protect the Optionee’s own interests in the transaction, or (iii) both such relationship and such knowledge and experience.

Appears in 7 contracts

Samples: Transcultural Health Develpment, Inc., Transcultural Health Develpment, Inc., CRC Health CORP

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Capacity to Protect Interests. The Optionee has either (i) a preexisting personal or business relationship with the Company or any of its officersOfficers, directors, or controlling persons, consisting of personal or business contacts of a nature and duration to enable the Optionee to be aware of the character, business acumen and general business and financial circumstances of the person with whom such relationship exists, or (ii) such knowledge and experience in financial and business matters as to make the Optionee capable of evaluating the merits and risks of an investment in the Stock Securities and to protect the Optionee’s 's own interests in the transaction, or (iii) both such relationship and such knowledge and experience.

Appears in 5 contracts

Samples: Plan Stock Option Agreement (Salon Media Group Inc), Plan Stock Option Agreement (Salon Media Group Inc), Nonstatutory Stock Option Agreement (Halozyme Therapeutics Inc)

Capacity to Protect Interests. The Optionee has either (i) a preexisting personal or business relationship with the Company or any of its officers, directors, or controlling persons, consisting of personal or business contacts of a nature and duration to enable the Optionee to be aware of the character, business acumen and general business and financial circumstances of the person with whom such relationship exists, or (ii) such knowledge and experience in financial and business matters as to make the Optionee capable of evaluating the merits and risks of an investment in the Stock Units and to protect the Optionee’s own interests in the transaction, or (iii) both such relationship and such knowledge and experience.

Appears in 3 contracts

Samples: Senior Executive Option Agreement (CRC Health CORP), Transcultural Health Develpment, Inc., CRC Health CORP

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Capacity to Protect Interests. The Optionee has either (i) a preexisting personal or business relationship with the Company or any of its officers, directorsDirectors, or controlling persons, consisting of personal or business contacts of a nature and duration to enable the Optionee to be aware of the character, business acumen and general business and financial circumstances of the person with whom such relationship exists, or (ii) such knowledge and experience in financial and business matters as to make the Optionee capable of evaluating the merits and risks of an investment in the Stock Securities and to protect the Optionee’s own interests in the transaction, or (iii) both such relationship and such knowledge and experience.

Appears in 1 contract

Samples: Corporation Nonstatutory Stock Option Agreement (Unify Corp)

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