Condition to Plan. As a condition and inducement to Grantee's execution of the Plan, Grantee has required that Issuer agree, and Issuer has agreed, to grant Grantee the Option (as hereinafter defined).
Appears in 4 contracts
Samples: Checkpoint Stock Option Agreement (Checkpoint Systems Inc), Stock Option Agreement (Bancwest Corp/Hi), Ultrak Stock Option Agreement (Checkpoint Systems Inc)
Condition to Plan. As a condition and an inducement to Grantee's execution and delivery of the Plan, Grantee has required that Issuer agree, and Issuer has agreed, to grant Grantee the Option (as hereinafter defined).
Appears in 2 contracts
Samples: Stock Option Agreement (Reliance Bancorp Inc), Stock Option Agreement (Astoria Financial Corp)