Misconduct of Optionee. Notwithstanding any other provision of this Agreement or the Plan, if Optionee shall commit fraud or dishonesty toward the Company, wrongfully use or disclose any trade secret, confidential data or other information proprietary to the Company or intentionally take any other action materially inimical to the best interests of the Company, as determined by the Committee in its sole and absolute discretion, Optionee shall forfeit all rights and benefits under this Agreement.
Appears in 4 contracts
Samples: Option Agreement (Viking Office Products Inc), Option Agreement (Viking Office Products Inc), Incentive Stock Option Agreement (Oroamerica Inc)
Misconduct of Optionee. Notwithstanding any other provision of this Agreement or the Plan, if Optionee shall commit fraud or dishonesty toward the Company, wrongfully use or disclose any trade secret, confidential data or other information proprietary to the Company or intentionally take any other action materially inimical to the best interests of the Company, as determined by the Committee Board in its sole and absolute discretion, Optionee shall forfeit all rights and benefits under this Agreement.
Appears in 2 contracts
Samples: Incentive Stock Option Agreement (Netter Digital Entertainment Inc), Nonstatutory Stock Option Agreement (Netter Digital Entertainment Inc)
Misconduct of Optionee. Notwithstanding any other provision of this Agreement or the Plan, if Optionee shall commit fraud or dishonesty toward the Company, wrongfully use or disclose any trade secret, confidential data or other information proprietary to the Company or intentionally take any other action materially inimical to the best EXHIBIT 10.29 1995 STKOPTION AGREEMENT interests of the Company, as determined by the Committee in its sole and absolute discretion, Optionee shall forfeit all rights and benefits under this Agreement.
Appears in 1 contract
Samples: Non Statutory Stock Option Agreement (Newpark Resources Inc)
