Employment of Optionee. 5.1 Except as otherwise provided in Section 6 of this Agreement, Optionee may not exercise the Option unless, at the time of exercise, Optionee is an Employee of the Company or a Subsidiary and has been in the employ of the Company or a Subsidiary continuously since the Date of Grant, subject to any determination made by the Committee with respect to authorized leaves of absence.
Appears in 6 contracts
Samples: Non Qualified Stock Option Agreement (Newpark Resources Inc), Non Qualified Stock Option Agreement (Newpark Resources Inc), Non Qualified Stock Option Agreement (Newpark Resources Inc)
Employment of Optionee. 5.1 Except as otherwise provided in Section paragraph 6 of this Agreement, Optionee may not exercise the Option unless, at the time of exercise, Optionee is an Employee employee of the Company or a Subsidiary parent or a subsidiary thereof and has been in the employ of the Company or a Subsidiary parent or a subsidiary thereof continuously since the Date of Grant, subject to any determination made by the Committee with respect to authorized leaves of absence.
Appears in 2 contracts
Samples: Non Statutory Stock Option Agreement (Newpark Resources Inc), Non Statutory Stock Option Agreement (Newpark Resources Inc)
Employment of Optionee. 5.1 Except as otherwise provided in Section 6 5 of this Agreement, Optionee may not exercise the Option unless, at the time of exercise, Optionee is an Employee of the Company or a Subsidiary and has been in the employ of the Company or a Subsidiary continuously since the Date of Grant, subject to any determination made by the Committee with respect to authorized leaves of absence.
Appears in 1 contract
Samples: Non Qualified Stock Option Agreement (Newpark Resources Inc)
Employment of Optionee. 5.1 Except as otherwise provided in Section paragraph 6 of this Agreement, Optionee may not exercise the Option unless, at the time of exercise, Optionee is an Employee employee of the Company or a parent or a Subsidiary thereof and has been in the employ of the Company or a parent or a Subsidiary thereof continuously since the Date of Grant, subject to any determination made by the Committee with respect to authorized leaves of absence.
Appears in 1 contract
Samples: Non Qualified Stock Option Agreement (Newpark Resources Inc)