Common use of Shareholder Approval Requirement Clause in Contracts

Shareholder Approval Requirement. To the extent you are an individual whose termination benefits are subject to Sections 200 to 200J of the Corporations Xxx 0000, the Option is contingent upon the Company’s satisfaction of the shareholder approval requirements thereunder. To the extent the Company does not or is unable to satisfy such requirements, your Option will be null and void, and you will not have any claims against the Company to receive any payment or other benefits in lieu of the Option.

Shareholder Approval Requirement. To the extent you are the Participant is an individual whose termination benefits are subject to Sections 200 to 200J of the Corporations Xxx 0000, the Option is contingent upon the Company’s satisfaction of the shareholder approval requirements thereunder. To the extent the Company does not or is unable to satisfy such requirements, your the Option will be null and void, and you the Participant will not have any claims against the Company to receive any payment or other benefits in lieu of the Option.