Common use of Limitations on Forms of Consideration Clause in Contracts

Limitations on Forms of Consideration. The Company reserves, at any and all times, the right, in the Company’s sole and absolute discretion, to establish, decline to approve or terminate any program or procedure providing for payment of the Exercise Price through any of the means described below, including with respect to the Participant notwithstanding that such program or procedures may be available to others. Any determination by the Company with respect to whether to permit the withholding or tendering of shares of Stock to satisfy the Exercise Price shall be made by the Committee if the Participant is subject to Section 16 of the Exchange Act.

Appears in 6 contracts

Samples: Stock Option Agreement (Qt Imaging Holdings, Inc.), Stock Option Agreement (AEye, Inc.), Stock Option Agreement (Navitas Semiconductor Corp)

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