Common use of Prerequisites to Benefits Clause in Contracts

Prerequisites to Benefits. Neither the Participant, nor any person claiming through the Participant, shall have any right or interest in the Option awarded hereunder, unless and until all the terms, conditions and provisions of this Agreement and the Plan which affect the Participant or such other person shall have been complied with as specified herein.

Appears in 18 contracts

Samples: Nonqualified Stock Option Agreement (Lowrance Electronics Inc), Incentive Stock Option Agreement (Lowrance Electronics Inc), Nonqualified Stock Option Agreement (Lowrance Electronics Inc)

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