Common use of Voluntariness and Consequences of Denial/Withdrawal of Consent Clause in Contracts

Voluntariness and Consequences of Denial/Withdrawal of Consent. Optionee understands that his or her participation in the Plan and his or her consent is purely voluntary. Optionee may deny or later withdraw his or her consent at any time, with future effect and for any or no reason. If Optionee denies or later withdraws his or her consent, the Company can no longer offer Optionee participation in the Plan or offer other equity awards to Optionee or administer or maintain such awards and Optionee would no longer be able to participate in the Plan. Optionee further understands that denial or withdrawal of his or her consent would not affect his or her status or remuneration as a non-employee Director and that Optionee would merely forfeit the opportunities associated with the Plan.

Appears in 2 contracts

Samples: Stock Option Agreement (Gilead Sciences Inc), Stock Option Agreement (Gilead Sciences Inc)

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Voluntariness and Consequences of Denial/Withdrawal of Consent. The Optionee understands that his or her any participation in the Plan and his or her consent is are purely voluntary. The Optionee may deny or later withdraw his or her consent at any time, with future effect and for any or no reason. If the Optionee denies or later withdraws his or her consent, the Company can no longer offer Optionee participation in the Plan or offer other grant equity awards to the Optionee or administer or maintain such awards awards, and the Optionee would will no longer be able eligible to participate in the Plan. The Optionee further understands that denial or withdrawal of his or her consent would not affect his or her status or remuneration salary as a non-an employee Director or his or her career and that the Optionee would merely forfeit the opportunities associated with the Plan.

Appears in 2 contracts

Samples: Global Stock Option Agreement (Guidewire Software, Inc.), Global Stock Option (Guidewire Software, Inc.)

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Voluntariness and Consequences of Denial/Withdrawal of Consent. The Optionee understands that his or her any participation in the Plan and his or her the Optionee’s consent is are purely voluntary. The Optionee may deny or later withdraw his or her consent at any time, with future effect and for any or no reason. If the Optionee denies or later withdraws his or her consent, the Company can no longer cannot offer Optionee participation in the Plan or offer grant Options or other equity awards to the Optionee or administer or maintain such awards awards, and the Optionee would no longer will not be able eligible to participate in the Plan. The Optionee further understands that denial or withdrawal of his or her consent would not affect his or her status or remuneration as a non-employee Director the Optionee’s Service Relationship and that the Optionee would merely forfeit the opportunities associated with the Plan.

Appears in 1 contract

Samples: Novavax Inc

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