Common use of Employment of Optionee Clause in Contracts

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)

AutoNDA by SimpleDocs

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)

AutoNDA by SimpleDocs

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)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!