Common use of Meaning of Certain Terms Clause in Contracts

Meaning of Certain Terms. (a) As used herein, employment by the Company shall include employment by an affiliate of the Company. References in this Agreement to sections of the Code shall be deemed to refer to any successor section of the Code or any successor internal revenue law. (b) As used herein, the term "Legal Representative" shall include an executor, administrator, legal representative, guardian or similar person and the term "Permitted Transferee" shall include any transferee (i) pursuant to a transfer permitted under Section 3.4 of the Plan and Section 3.1 hereof or (ii) designated pursuant to beneficiary designation procedures approved by the Company.

Appears in 10 contracts

Samples: Stock Option Agreement (Firearms Training Systems Inc), Stock Option Agreement (Firearms Training Systems Inc), Stock Option Agreement (Firearms Training Systems Inc)

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Meaning of Certain Terms. (a) As used herein, employment by the Company shall include employment by an affiliate of the Company. References in this Agreement to sections of the Code shall be deemed to refer to any successor section of the Code or any successor internal revenue law. (b) As used herein, the term "Legal Representative" shall include an executor, administrator, legal representative, guardian or similar person and the term "Permitted Transferee" shall include any transferee (i) pursuant to a transfer permitted under Section 3.4 of the Plan and Section 3.1 hereof or (ii) designated pursuant to beneficiary designation procedures approved by the Company.

Appears in 4 contracts

Samples: Stock Option Agreement (Firearms Training Systems Inc), Stock Option Agreement (Firearms Training Systems Inc), Stock Option Agreement (Firearms Training Systems Inc)

Meaning of Certain Terms. (a) As used herein, employment by the Company shall include employment by an affiliate a corporation which is a "subsidiary corporation" of the Company, as such term is defined in section 424 of the Code. References in this Agreement to sections of the Code shall be deemed to refer to any successor section of the Code or any successor internal revenue law. (b) As used herein, the term "Legal Representative" shall include an executor, administrator, legal representative, guardian or similar person and the term "Permitted Transferee" shall include any transferee (i) pursuant to a transfer permitted under Section 3.4 of the Plan and Section 3.1 hereof or (ii) designated pursuant to beneficiary designation procedures approved by the Company.

Appears in 2 contracts

Samples: Non Statutory Stock Option Agreement (Landauer Inc), Non Statutory Stock Option Award Agreement (Landauer Inc)

Meaning of Certain Terms. (a) As used herein, employment by ------------------------ the Company shall include employment by an affiliate of the Company. References in this Agreement to sections of the Code shall be deemed to refer to any successor section of the Code or any successor internal revenue law. (b) As used herein, the term "Legal Representative" shall include an executor, administrator, legal representative, guardian or similar person and the term "Permitted Transferee" shall include any transferee (i) pursuant to a transfer permitted under Section 3.4 of the Plan and Section 3.1 hereof or (ii) designated pursuant to beneficiary designation procedures approved by the Company.

Appears in 1 contract

Samples: Stock Option Agreement (Firearms Training Systems Inc)

Meaning of Certain Terms. (a) As used herein, employment by the ------------------------ Company shall include employment by an affiliate of the Company. References in this Agreement to sections of the Code shall be deemed to refer to any successor section of the Code or any successor internal revenue law. (b) As used herein, the term "Legal Representative" shall include an executor, administrator, legal representative, guardian or similar person and the term "Permitted Transferee" shall include any transferee (i) pursuant to a transfer permitted under Section 3.4 of the Plan and Section 3.1 hereof or (ii) designated pursuant to beneficiary designation procedures approved by the Company.

Appears in 1 contract

Samples: Stock Option Agreement (Firearms Training Systems Inc)

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Meaning of Certain Terms. (a) As used herein, employment by ------------------------ the Company shall include employment by an affiliate of the Company. References in this Agreement to sections of the Code shall be deemed to refer to any successor section of the Code or any successor internal revenue law. (b) As used herein, the term "Legal Representative" shall include an executor, administrator, legal representative, guardian or similar person and the term "Permitted Transferee" shall include any transferee (i) pursuant to a transfer permitted under Section 3.4 of the Plan and Section 3.1 hereof or (ii) designated pursuant to beneficiary designation procedures approved by the Company.

Appears in 1 contract

Samples: Stock Option Agreement (Firearms Training Systems Inc)

Meaning of Certain Terms. (a) As used herein, employment by the Company shall include employment by an affiliate a corporation, which is a "subsidiary corporation" of the Company, as such term is defined in section 424 of the Code. References in this Agreement to sections of the Code shall be deemed to refer to any successor section of the Code or any successor internal revenue law. (b) As used herein, the term "Legal Representative" shall include an executor, administrator, legal representative, guardian or similar person and the term "Permitted Transferee" shall include any transferee (i) pursuant to a transfer permitted under Section 3.4 of the Plan and Section 3.1 hereof or (ii) designated pursuant to beneficiary designation procedures approved by the Company.

Appears in 1 contract

Samples: Non Statutory Stock Option Agreement (Landauer Inc)

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