Common use of Notice of Triggering Event by Issuer Clause in Contracts

Notice of Triggering Event by Issuer. Issuer shall notify ------------------------------------ Grantee promptly in writing of the occurrence of any Triggering Event and the number of shares of Common Stock issued and outstanding as of the date of such notice, it being understood that the giving of such notice by Issuer shall not be a condition to the right of Grantee to exercise the Option.

Appears in 3 contracts

Samples: Stock Option Agreement (Nationsrent Inc), Stock Option Agreement (Nationsrent Inc), Stock Option Agreement (Rental Service Corp)

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Notice of Triggering Event by Issuer. Issuer shall notify ------------------------------------ Grantee promptly in writing of the occurrence of any Triggering Event and the number of shares of Common Stock issued and outstanding as of the date of such notice, it being understood that the giving of such notice by Issuer shall not be a condition to the right of Grantee to exercise the Option.

Appears in 3 contracts

Samples: Stock Option Agreement (Bp Amoco PLC), Stock Option Agreement (Atlantic Richfield Co /De), Stock Option Agreement (Amoco Corp)

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