Common use of Restriction on Exercisability Clause in Contracts

Restriction on Exercisability. Notwithstanding any provision of the Agreement or the Plan, the 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 Exchange (“SAFE”) and remain in place, as determined by the Company in its sole discretion.

Appears in 1 contract

Samples: Option Agreement (Nike Inc)

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Restriction on Exercisability. Notwithstanding Section 2 of the Agreement and any other provision of the Agreement or the Plan, the Participant 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 (“SAFE”) and remain in place, as determined by the Company in its sole discretion.

Appears in 1 contract

Samples: 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 Participant 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 (“SAFE”) and remain in place, as determined by the Company in its sole discretion.

Appears in 1 contract

Samples: Non Statutory Stock Option Agreement (Nike Inc)

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Restriction on Exercisability. Notwithstanding Section 2 of the Agreement and any other provision of the Agreement or the Plan, the Participant 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 (“SAFE”) and remain in placeExchange, as determined by the Company in its sole discretion.

Appears in 1 contract

Samples: Non Statutory Stock Option Agreement (Nike Inc)

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