Common use of Condition Precedent to Transfer of Any Option Clause in Contracts

Condition Precedent to Transfer of Any Option. It shall be a condition precedent to any transfer of any benefit or right under any Option by any Participant that the Transferee shall agree prior to the Transfer in writing with the Company to be bound by the terms of the Equity Incentive Plan and the Option Grant Agreement as if he, she or it had been an original signatory thereto, except that any provisions of the Equity Incentive Plan based on the Employment (or termination thereof) shall continue to be based on the Employment (or termination thereof) of the original Participant.

Condition Precedent to Transfer of Any Option. It shall be a condition precedent to any transfer of any benefit or right under any Option by any Participant that the Transferee shall agree prior to the Transfer in writing with the Company to be bound by the terms of the Equity Incentive XXX Share Plan and the Option Grant Agreement as if he, she or it had been an original signatory thereto, except that any provisions of the Equity Incentive XXX Share Plan based on the Employment Appointment (or termination thereof) shall continue to be based on the Employment Appointment (or termination thereof) of the original Participant.

Condition Precedent to Transfer of Any Option. It shall be a condition precedent to any transfer Transfer of any benefit or right under any the Option by any the Participant that the Transferee shall agree prior to the Transfer in writing with the Company to be bound by the terms of this Agreement, the Equity Incentive Plan LLC Agreement and the Option Grant Management Stockholder’s Agreement as if he, she or it had been an original signatory thereto, except that any provisions of the Equity Incentive Plan based on the Employment employment (or termination thereof) of the Participant shall continue to be based on the Employment employment (or termination thereof) of the original Participant.