Effectiveness of the Grant of the Option. The grant of the Option by the Company to the Optionee shall not become effective until the Optionee executes the cover page of this Agreement and returns this Agreement with the executed cover page to the Company. In the event the Optionee fails to execute and return this Agreement to the Company within one month after the Grant Date, this Agreement shall immediately terminate in all respects and this Agreement shall immediately cease to be an operative contract.
Appears in 5 contracts
Samples: Qualified Stock Option Agreement (Medianet Group Technologies Inc), Non Qualified Stock Option Agreement (Medianet Group Technologies Inc), Non Qualified Stock Option Agreement (Medianet Group Technologies Inc)
