Optionee’s Agreement. In accepting the Option, Optionee accepts and agrees to be bound by all the terms and conditions of the Plan which pertain to nonqualified stock options granted under the Plan.
Optionee’s Agreement. Optionee agrees to all the terms stated in this Agreement, as well as to the terms of the Plan, a copy of which is attached hereto and of which Optionee acknowledges receipt. To the extent any provision of this Agreement conflicts with the terms of the Plan, the terms of the Plan shall control. Pursuant to the Plan, the Committee is vested with conclusive authority to administer the Plan (which includes, among other things, the authority to determine the terms and conditions of this Agreement and the Option).
Optionee’s Agreement. In consideration of the Optionee having been elected as a director of the Company, as provided in the Plan, the Company has granted this option. Nothing contained herein, however, shall be interpreted so as to impose on the Company any obligation to retain the Optionee as an Outside Director for any period of time or any particular rate of compensation.
Optionee’s Agreement. (a) In consideration of the Non-Qualified Stock Options granted to Optionee pursuant to this Option Agreement, to the extent permitted by applicable law, Optionee agrees and covenants that, except as specifically authorized by the Company or this Option Agreement, during the term of his/her employment and for a period of two (2) years after Optionee’s employment with the Company is terminated, by the Optionee or the Company, for any reason:
(i) Optionee shall not, directly or indirectly, in any capacity whatsoever anywhere in the world where the Company itself, or through its franchisees and licenses does business, either on his/her own behalf or on behalf of any other person or entity with whom he may be employed or otherwise associated, compete with the Company or interfere with the business relationships of the Company in any of the lines of business in which the Company is engaged as of the date of this Option Agreement, or may enter after the date of this Option Agreement, and for which line or lines of business Optionee shall have in the course of his employment with the Company provided services or held duties or responsibilities.
(ii) Optionee shall not solicit, encourage, or induce any franchisees, customers, suppliers, vendors, or contractors of the Company, or any prospect being actively pursued by the Company, to terminate or adversely modify any business relationship with the Company or not to proceed with, or enter into, any business relationship with the Company, nor shall Optionee otherwise interfere with any business relationship between the Company and any of its franchisees, customers, suppliers, vendors, or contractors; and
(iii) Optionee shall not solicit, encourage or induce any employee of the Company to terminate his/her employment with the Company, employ any person employed by the Company, or otherwise interfere with or disrupt the Company’s relationship with other employees.
(b) Optionee acknowledges and agrees that the foregoing covenants are reasonable and necessary for the protection of the Company’s valid business interests and that a violation of any of the covenants will cause immediate and irreparable injury to the Company, for which injury there is no adequate remedy at law. Optionee expressly agrees that in the event of the actual or threatened breach of such covenants by him/her, the Company, its successors and assigns shall be entitled to an immediate injunction by a court of competent jurisdiction preventing and restr...
Optionee’s Agreement. (a) In consideration of the Options granted to Optionee pursuant to this Agreement, Optionee agrees and covenants that, except as specifically authorized by the Company or this Agreement, during the term of his Service on the Board and for a period of two (2) years after Optionee’s Service on the Board is terminated for any reason,
(i) Optionee shall not, regardless of his physical location, directly or indirectly, in any capacity whatsoever, interfere with the business relationships of the Company or compete or assist in competition with the Company
(a) in any country in the world in which the Company itself, or through its franchisees or licensees, does business, or in regard to which the Company had been engaged in planning to do business prior to Optionee’s termination of Service with the Company and
(b) in any of the lines of business in which the Company is engaged as of the date of this Agreement, or may enter after the date of this Agreement, and for which line or lines of business Optionee shall have in the course of his Service with the Company provided services or held duties or responsibilities. Optionee acknowledges that examples of such lines of business include, but are not limited to: · management and expansion of campus-based post-secondary education; · acquisition and networking educational institutions and facilities; · planning, location and construction of satellite educational campuses; · providing distance education in vocational, academic and professional studies; and · development or offering of learning products for the training or enhancement of skills of workers. Optionee further acknowledges that currently the Company conducts campus-based business in the United States, Mexico, Chile, Brazil and numerous other countries throughout the world, is also engaged in the business of buying educational institutions from the pool of such institutions available for acquisition throughout the world, and provides distance-learning services throughout the world. As used herein, competing includes providing management, sales, marketing, development, or financial assistance to any business effort that is aimed at offering products or services similar to those provided by the Company or at acquiring foreign universities for operation. This Agreement, however, does not prevent or limit the right of Optionee to own capital or other securities of any corporation, the securities of which are publicly owned or regularly traded in the over-the-count...
Optionee’s Agreement. In consideration of the granting of the option, the Optionee agrees to continue to serve as a director of the Company during the term for which he or she was elected.
Optionee’s Agreement. In consideration of the services performed by Optionee for the Company, as provided in the Plan, the Company has granted this option. Nothing contained herein, however, shall be interpreted so as to impose on the Company any obligation to retain the Optionee as a consultant or advisor to the Company for any period of time or any particular rate of compensation.
Optionee’s Agreement. The Optionee agrees to all the terms stated in this Agreement, as well as to the terms of the Plan, a copy of which is attached hereto and of which the Optionee acknowledges receipt.
Optionee’s Agreement. In consideration of the granting of the option, the Optionee agrees to continue to serve as an employee of the Company for a period of not less than twelve (12) months from the Grant Date; provided, however, that nothing contained in this Agreement shall be interpreted so as to impose on the Company any obligation to retain the Optionee in its employ for any period.
Optionee’s Agreement. The Option Agreement does not constitute a contract of employment between the Company or Bay National Bank and Optionee, and does not limit the right of the Company or Bay National Bank to discharge the Optionee at anytime.
