Common use of Limitations Applicable to Exchange Act Section 16 Persons Clause in Contracts

Limitations Applicable to Exchange Act Section 16 Persons. Notwithstanding any provision of the Plan or any other provision of this Award Agreement to the contrary, if you are subject to Section 16 of the Exchange Act, the Plan, this Award Agreement and the Option shall be subject to any additional limitations set forth in any applicable exemptive rule under Section 16 of the Exchange Act (including any amendment to Rule 16b-3 under the Exchange Act) that are requirements for the application of such exemptive rule. To the extent permitted by applicable law, this Award Agreement shall be deemed amended to the extent necessary to conform to such applicable exemptive rule.

Appears in 4 contracts

Samples: Omnibus Employee Incentive Plan (Hooper Holmes Inc), Omnibus Employee Incentive Plan (Hooper Holmes Inc), Omnibus Employee Incentive Plan (Hooper Holmes Inc)

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Limitations Applicable to Exchange Act Section 16 Persons. Notwithstanding any provision of the Plan or any other provision of this Award Agreement Grant Letter to the contrary, if you are subject to Section 16 of the Exchange Act, the Plan, this Award Agreement Grant Letter and the Option shall be subject to any additional limitations set forth in any applicable exemptive rule under Section 16 of the Exchange Act (including any amendment to Rule 16b-3 under the Exchange Act) that are requirements for the application of such exemptive rule. To the extent permitted by applicable law, this Award Agreement Grant Letter shall be deemed amended to the extent necessary to conform to such applicable exemptive rule.

Appears in 1 contract

Samples: Option Grant Letter (GRANDPARENTS.COM, Inc.)

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