Common use of No Obligation to Notify or Minimize Taxes Clause in Contracts

No Obligation to Notify or Minimize Taxes. The Company will have no duty or obligation to the U.S. Participant to advise such holder as to the time or manner of exercising the Option. Furthermore, the Company will have no duty or obligation to warn or otherwise advise such holder of a pending termination or expiration of an Option or a possible period in which the Option may not be exercised. The Company has no duty or obligation to minimize the tax consequences of an Option to the U.S. Participant.

Appears in 4 contracts

Samples: Option Agreement (Addex Therapeutics Ltd.), Option Agreement (Addex Therapeutics Ltd.), Option Agreement (Addex Therapeutics Ltd.)

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No Obligation to Notify or Minimize Taxes. The Company will have no duty or obligation to the U.S. Participant to advise such holder as to the time or manner of exercising the Option. Furthermore, the Company will have no duty or obligation to warn or otherwise advise such holder of a pending termination or expiration of an Option or a possible period in which the Option may not be exercised. The Company has no duty or obligation to minimize the tax consequences of an Option Award to the U.S. Participant. 6 Term, Amendment and Termination of the U.S. Addendum.

Appears in 1 contract

Samples: Business Combination Agreement (Athena Consumer Acquisition Corp.)

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No Obligation to Notify or Minimize Taxes. The Company will have no duty or obligation to the U.S. Participant to advise such holder as to the time or manner of exercising the Option. Furthermore, the Company will have no duty or obligation to warn or otherwise advise such holder of a pending termination or expiration of an Option or a possible period in which the Option may not be exercised. The Company has no duty or obligation to minimize the tax consequences of an Option Award to the U.S. Participant.

Appears in 1 contract

Samples: Business Combination Agreement (Frazier Lifesciences Acquisition Corp)

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