Common use of Consent Requirement Clause in Contracts

Consent Requirement. If the Corporation shall at any time determine that any consent (as hereinafter defined) is necessary or desirable as a condition of, or in connection with, the granting of this Option, the issuance or purchase of Shares or other rights hereunder, or the taking of any other action hereunder (a “Plan Action”), then no such Plan Action shall be taken, in whole or in part, unless and until such consent shall have been effected or obtained to the full satisfaction of the Corporation.

Appears in 7 contracts

Samples: Non Qualified Stock Option Agreement (Quest Diagnostics Inc), Non Qualified Stock Option Agreement (Quest Diagnostics Inc), Non Qualified Stock Option Agreement (Quest Diagnostics Inc)

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Consent Requirement. (a) If the Corporation shall at any time determine that any consent (as hereinafter defined) is necessary or desirable as a condition of, or in connection with, the granting of this Option, the issuance or purchase of Shares or other rights hereunder, or the taking of any other action hereunder (a “Plan Action”), then no such Plan Action shall be taken, in whole or in part, unless and until such consent shall have been effected or obtained to the full satisfaction of the Corporation.

Appears in 3 contracts

Samples: Non Qualified Stock Option Agreement (Quest Diagnostics Inc), Non Qualified Stock Option Agreement (Quest Diagnostics Inc), Non Qualified Stock Option Agreement (Quest Diagnostics Inc)

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