Common use of Section 16 Insider Clause in Contracts

Section 16 Insider. Notwithstanding anything herein to the contrary, if the Optionee is subject to the reporting requirements of Section 16 of the Exchange Act with respect to the Company, and on the date of the Change in Control this Option has not been outstanding for a period of at least six months from the Date of Grant, the Optionee shall not be paid the consideration described in this Section 11 above until the first day next following the end of such six-month period.

Appears in 23 contracts

Samples: Non Qualified Stock Option Agreement (Renal Care Group Inc), Non Qualified Stock Option Agreement (Renal Care Group Inc), Non Qualified Stock Option Agreement (Renal Care Group Inc)

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