Common use of Outstanding Options Clause in Contracts

Outstanding Options. The option granted to Optionee under this Option Agreement shall in no event be exercised while there is outstanding any option previously granted to Optionee to purchase common shares of the Company at a price higher than the option price under the option herein granted to Optionee.

Outstanding Options. The option granted to Optionee under this Option Agreement shall in no event be exercised while there is outstanding any option Incentive Option previously granted to Optionee to purchase common shares of the Company at a price higher than the option price under the option herein granted to Optionee.

Outstanding Options. The option granted to Optionee Employee under this Option Agreement shall in no event be exercised while there is outstanding any option previously granted to Optionee Employee to purchase common shares of the Company at a price higher than the option price under the option herein granted to OptioneeEmployee.