Common use of Receipt of Plan Clause in Contracts

Receipt of Plan. Grantee acknowledges receipt of a copy of the Plan, and represents that he is familiar with the terms and provisions thereof, and hereby accepts this Option subject to all the terms and provisions of this Option and of the Plan. Grantee hereby agrees to accept as binding, conclusive and final all decisions or interpretations of the Board of Directors of the Company or the Committee, as defined in the Plan, upon any questions rising under the Plan.

Appears in 4 contracts

Samples: Stock Option Agreement (Preferred Employers Holdings Inc), Stock Option Agreement (Harris Mel), Stock Option Agreement (Preferred Employers Holdings Inc)

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Receipt of Plan. Grantee acknowledges receipt of a copy of the Plan, and represents that he Grantee is familiar with the terms and provisions thereof, and hereby accepts this Option subject to all the terms and provisions of this Option Agreement and of the Plan. Grantee hereby agrees to accept as binding, conclusive and final all decisions or interpretations of the Board of Directors of the Company or the Committee, as defined in the Plan, upon any questions rising arising under this Agreement or the Plan.

Appears in 3 contracts

Samples: Stock Option Agreement (Sanomedics International Holdings, Inc), Nonqualified Stock Option Agreement (Sonoma College Inc), Nonqualified Stock Option Agreement (Sonoma College Inc)

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