Common use of PRELIMINARY RECITALS Clause in Contracts

PRELIMINARY RECITALS. Holder is a member of the Board of Directors of the Company (the “Board”) who: (i) is not an employee of the Company or one of its subsidiaries or affiliates, (ii) does not serve as a consultant of the Company or its subsidiaries or affiliates and (iii) the Company is not contractually obligated to nominate as a member of the Board.

Appears in 4 contracts

Samples: Stock Option Agreement (Hansen Natural Corp), Stock Option Agreement (Hansen Natural Corp), Stock Option Agreement (Hansen Natural Corp)

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PRELIMINARY RECITALS. Holder is a member of the Board of Directors of the Company (the “Board”) who: (i) is not an employee of the Company or one of its subsidiaries or affiliates, its Affiliates; (ii) does not serve as a consultant of the Company or its subsidiaries or affiliates Affiliates and (iii) the Company is not contractually obligated to nominate as a member of the BoardDirector.

Appears in 2 contracts

Samples: Restricted Stock Unit Agreement (Monster Beverage Corp), Restricted Stock Unit Agreement (Hansen Natural Corp)

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