Common use of Cendant Awards Clause in Contracts

Cendant Awards. The Executive holds previously granted Cendant stock options and Cendant restricted stock units, all of which will be subject to that certain Exchange Offer, dated as of April 22, 2004, on the same terms and conditions as applicable to other active employees of JTAX. The Executive, Cendant, and JTAX each hereby waive any and all of their respective rights (including the Executive’s rights to acceleration of vesting and/or extension of exercise period) relating to any “Subsidiary Change of Control” provisions set forth in any outstanding Cendant stock option or Cendant restricted stock unit award granted prior to the Transaction.

Cendant Awards. The Executive holds previously granted Cendant stock options and Cendant restricted stock units, all of which will be subject to that certain Exchange Offer, dated as of April 22, 2004, on the same terms and conditions as applicable to other active employees of JTAX. The Executive, Cendant, and JTAX each hereby waive any and all of their respective rights (including the Executive’s rights to acceleration of vesting and/or extension of exercise period) relating to any “Subsidiary Change of Control” provisions set forth in any outstanding Cendant stock option or Cendant restricted stock unit award granted prior to the Transaction.

Cendant Awards. The Executive holds previously granted Cendant stock options and Cendant restricted stock units, all of which will be subject to that certain Exchange Offer, dated as of April 22February , 20042005, on the same terms and conditions as applicable to other active employees of JTAX. The Executive, Cendant, and JTAX each hereby waive any and all of their respective rights (including the Executive’s rights to acceleration of vesting and/or extension of exercise period) relating to any “Subsidiary Change of Control” provisions set forth in any outstanding Cendant stock option or Cendant restricted stock unit award granted prior to the Transaction.WEX..

Cendant Awards. The Executive holds previously granted Cendant stock options and Cendant restricted stock units, all of which will be subject to that certain Exchange Offer, dated as of April 22February 1, 20042005, on the same terms and conditions as applicable to other active employees of JTAX. The Executive, Cendant, and JTAX each hereby waive any and all of their respective rights (including the Executive’s rights to acceleration of vesting and/or extension of exercise period) relating to any “Subsidiary Change of Control” provisions set forth in any outstanding Cendant stock option or Cendant restricted stock unit award granted prior to the TransactionWEX.