Common use of Lapse of Offer Clause in Contracts

Lapse of Offer. Any failure of the Optionee to sign and return this Agreement to the Vice President of Human Resources within 60 days of the Date of Option Grant will result in revocation of this Option and all provisions of this Agreement will expire and will be canceled and forfeited.

Appears in 5 contracts

Samples: Employee Nonqualified Stock Option Agreement (CONSOL Energy Inc), Employee Nonqualified Stock Option Agreement (CONSOL Energy Inc), Employee Nonqualified Performance Stock Option Agreement (CONSOL Energy Inc)

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Lapse of Offer. Any failure of the Optionee to sign and return this Agreement to the Vice President of Human Resources within 60 days of the Date of Option Grant will result in revocation of this Option offer and all provisions of this Agreement will expire and will be canceled cancelled and forfeited.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Consol Energy Inc)

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