Discretionary Award. By acknowledging and accepting this stock option award, the Participant agrees that the granting of this stock option award is completely at the discretion of the Committee or its designee pursuant to the Plan. The stock option award is not an acquired right to the Participant, but an offer from the Company to employees who fulfill specific conditions. As a result, the Participant acknowledges that the grant of the Option does not create any expectation that future options will be granted to the Participant under that Plan, or any other plan, nor does the Participant expect that the benefits accruing under the Plan will be reflected in any severance or indemnity payments that the Company, or an Affiliate, may make to the Participant in the future.
Appears in 4 contracts
Samples: Nonqualified Stock Option Award Agreement (Comverse, Inc.), Nonqualified Stock Option Award Agreement (Comverse, Inc.), Nonqualified Stock Option Award Agreement (Comverse, Inc.)
