Common use of Representation of Optionee Clause in Contracts

Representation of Optionee. Optionee represents to the Company as -------------------------- follows: (i) The Option will be taken and received for my own account and not with a view to or for sale in connection with any distribution thereof; and (ii) I have a preexisting personal or business relationship with the Company or its officers, directors or controlling persons, or by reason of my business or financial experience, I can protect my own interests in connection with my receipt and exercise of the Option.

Appears in 3 contracts

Samples: Non Qualified Stock Option Agreement (Gottlieb Daniel M), Nonqualified Stock Option Agreement (Lebowitz Steven D), Non Qualified Stock Option Agreement (Lebowitz Steven D)

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Representation of Optionee. Optionee represents to the Company -------------------------- as -------------------------- follows: (i) The Option will be taken and received for my own account and not with a view to or for sale in connection with any distribution thereof; and (ii) I have a preexisting personal or business relationship with the Company or its officers, directors or controlling persons, or by reason of my business or financial experience, I can protect my own interests in connection with my receipt and exercise of the Option.

Appears in 2 contracts

Samples: Stock Option Agreement (Citadel Holding Corp), Nonqualified Stock Option Agreement (Gottlieb Daniel M)

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