Common use of Condition to Acceptance; Exercise Clause in Contracts

Condition to Acceptance; Exercise. If, at the time of exercise of all or any portion of the Option, the Board or Committee determines that it is desirable to require the Optionee to enter into the Company’s Stockholders Agreement, it shall be a condition to the exercise of the Option that the Optionee join such Stockholders Agreement by executing a joinder agreement in the form provided by the Company.

Appears in 8 contracts

Samples: Stock Option Agreement (McLeodUSA Holdings Inc), Stock Option Agreement (McLeodUSA Holdings Inc), Stock Option Agreement (McLeodUSA Holdings Inc)

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