Common use of Transfer, etc Clause in Contracts

Transfer, etc. 8.1 Any Employee Stock Options which have not been exercised in accordance with the provisions above at the expiration of the Exercise Period will lapse, entailing that the Stock Option Holder’s possibility to exercise them to acquire shares – as well as other rights connected to them – will lapse. The same shall apply if the Employee Stock Options lapse due to other provision of this agreement or if the Stock Option Holder has not fulfilled his/her payment obligation in due time. If the Employee Stock Options lapse according to this agreement, the Stock Option Holder has no right to compensation.

Transfer, etc. 8.1 9.1 Any Employee Stock Options which have not been exercised in accordance with the provisions above at the expiration of the Exercise Period will lapse, entailing that the Stock Option Holder’s possibility to exercise them to acquire shares – as well as other rights connected to them – will lapse. The same shall apply if the Employee Stock Options lapse due to other provision of this agreement or if the Stock Option Holder has not fulfilled his/her payment obligation in due time. If the Employee Stock Options lapse according to this agreement, the Stock Option Holder has no right to compensation.