Restriction on Exercisability. Notwithstanding Section 2 of the Agreement and any other provision of the Agreement or the Plan, the Optionee will not be permitted to exercise his or her Option until and unless the necessary approvals for the Plan have been obtained from the State Administration of Foreign Exchange, as determined by the Company in its sole discretion.
Appears in 1 contract
Restriction on Exercisability. Notwithstanding Section 2 of the Agreement and any other provision of the Agreement or the Plan, the Optionee Participant will not be permitted to exercise his or her Option until and unless the necessary approvals for the Plan have been obtained from the State Administration of Foreign ExchangeExchange (“SAFE”) and remain in place, as determined by the Company in its sole discretion.
Appears in 1 contract
Samples: Option Agreement (Nike Inc)
Restriction on Exercisability. Notwithstanding Section 2 of the Agreement and any other provision of the Agreement or the Plan, the Optionee will not be permitted to exercise his or her Option until and unless the necessary approvals for the Plan have been obtained from the State Administration of Foreign ExchangeExchange and remain in place, as determined by the Company in its sole discretion.
Appears in 1 contract
Samples: Stock Incentive Plan Non Statutory Stock Option Agreement (Nike Inc)
Restriction on Exercisability. Notwithstanding Section 2 of Exhibit A to the Agreement and any other provision of the Agreement or the Plan, the Optionee will not be permitted to exercise his or her Option until and unless the necessary approvals for the Plan have been obtained from the State Administration of Foreign ExchangeExchange (“SAFE”) and remain in place, as determined by the Company in its sole discretion.
Appears in 1 contract
Samples: Stock Incentive Plan (Nike Inc)