Common use of Stock Option Act Clause in Contracts

Stock Option Act. Notwithstanding any provisions in the Agreement to the contrary, if the Participant is determined to be an “Employee,” as defined in section 2 of the Danish Act on the Use of Rights to Purchase or Subscribe for Shares etc. in Employment Relationships (the “Stock Option Act”), the treatment of the Restricted Stock Units upon Termination shall be governed by Sections 4 and 5 of the Stock Option Act. However, if the provisions in the Agreement or the Plan governing the treatment of the Restricted Stock Unit upon a Termination are more favorable, the provisions of the Agreement or the Plan will govern.

Stock Option Act. Notwithstanding any provisions in the Agreement to the contrary, if the Participant Optionee is determined to be an “"Employee,” " as defined in section 2 of the Danish Act on the Use of Rights to Purchase or Subscribe for Shares Shares, etc. in Employment Relationships (the “"Stock Option Act”"), the treatment of the Restricted Stock Units Award upon Termination termination of employment shall be governed by Sections 4 and 5 of the Stock Option Act. However, if the provisions in the Agreement or the Plan governing the treatment of the Restricted Stock Unit Award upon a Termination termination are more favorable, the provisions of the Agreement or the Plan will govern.. ​

Stock Option Act. Notwithstanding any provisions in the Agreement to the contrary, if the Participant is determined to be an “Employee,” as defined in section 2 of the Danish Act on the Use of Rights to Purchase or Subscribe for Shares etc. in Employment Relationships (the “Stock Option Act”), the treatment of the Restricted Stock Units Option upon Termination termination shall be governed by Sections 4 and 5 of the Stock Option Act. However, if the provisions in the Agreement or the Plan governing the treatment of the Restricted Stock Unit Option upon a Termination termination are more favorable, the provisions of the Agreement or the Plan will govern.