Examples of Management Stock Option Agreement in a sentence
The terms and conditions of the Options, including those described in this Section 4(c), and the right of Parent to purchase vested Options from Executive under certain circumstances, will be set forth in a separate Management Stock Option Agreement, substantially in the form attached hereto as Exhibit C, to be entered into by and between Executive and Parent at the time that such Options are granted.
Notwithstanding any other provision of this Management Stock Option Agreement, the Options may not be exercised in whole or in part, and no certificates representing Shares shall be delivered, unless all applicable U.S. federal, state and local and non-U.S. tax withholding requirements shall have been satisfied.
Any party hereto or beneficiary hereof may by written notice to the other parties (A) extend the time for the performance of any of the obligations or other actions of the other parties under this Management Stock Option Agreement, (B) waive compliance with any of the conditions or covenants of the other parties contained in this Management Stock Option Agreement and (C) waive or modify performance of any of the obligations of the other parties under this Management Stock Option Agreement.
This Management Stock Option Agreement shall be binding upon and inure to the benefit of the parties to this Management Stock Option Agreement and their respective successors and assigns.
This Management Stock Option Agreement may not be altered, modified, or amended except by a written instrument signed by the Company and the Grantee.
Nothing in this Management Stock Option Agreement, express or implied, is intended or shall be construed to give any person other than the Company or the Grantee or their respective successors or assigns any legal or equitable right, remedy or claim under or in respect of any agreement or any provision contained herein.
Except as provided in the preceding sentence, no action taken pursuant to this Management Stock Option Agreement, including, without limitation, any investigation by or on behalf of any party or beneficiary, shall be deemed to constitute a waiver by the party or beneficiary taking such action of compliance with any representations, warranties, covenants or agreements contained herein.
The section and other headings contained in this Management Stock Option Agreement are for reference purposes only and shall not affect the meaning or interpretation of this Management Stock Option Agreement.
All of the powers, duties and responsibilities of the Board specified in this Management Stock Option Agreement may, to the full extent permitted by applicable law, be exercised and performed by any duly constituted committee thereof to the extent authorized by the Board to exercise and perform such powers, duties and responsibilities.
Nothing in this Management Stock Option Agreement shall interfere with or limit in any way the right of the Company or any of its Subsidiaries to terminate the Grantee’s employment at any time, or confer upon the Grantee any right to continue in the employ of the Company or any of its Subsidiaries.