Common use of Acceleration and Continuous Employment Clause in Contracts

Acceleration and Continuous Employment. The Board of Directors of the Company shall have the sole and absolute discretion to accelerate the time when Optionee will become entitled to exercise this option pursuant to the terms hereof. The Board of Directors shall decide, in its sole and absolute discretion, to what extent leaves of absence for government or military service, illness, temporary disability or other reasons, shall not interrupt continuous employment as an employee for and on behalf of the Company or a Subsidiary of the Company, which decision shall be binding for the purpose of this Option Agreement.

Appears in 4 contracts

Samples: Non Qualified Stock Option Agreement 1999 (LSB Industries Inc), Non Qualified Stock Option Agreement 2001 (LSB Industries Inc), Non Qualified Stock Option Agreement (LSB Industries Inc)

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Acceleration and Continuous Employment. The Board of Directors of the Company shall have the sole and absolute discretion to accelerate the time when Optionee will become entitled to exercise this option pursuant to the terms hereof. The Board of Directors shall decide, in its sole and absolute discretion, to what extent leaves of absence for government or military service, illness, temporary disability or other reasons, shall not interrupt continuous employment as an employee for and on behalf of the Company or a Subsidiary of the Company, which decision shall be binding for the purpose of this Option Agreement. 5.

Appears in 3 contracts

Samples: Non Qualified Stock Option Agreement 1998 (LSB Industries Inc), Non Qualified Stock Option Agreement (LSB Industries Inc), Non Qualified Stock Option Agreement 1998 (LSB Industries Inc)

Acceleration and Continuous Employment. The Board of Directors of the Company or the Committee shall have the sole and absolute discretion to accelerate the time when Optionee will become entitled to exercise this option Option pursuant to the terms hereof. The Board of Directors shall decide, in its sole and absolute discretion, to what extent leaves of absence for government or military service, illness, temporary disability or other reasons, shall not interrupt continuous employment as an employee for and on behalf of the Company or a Subsidiary of the CompanySubsidiary, which decision shall be binding for the purpose of this Option Agreement.

Appears in 2 contracts

Samples: Non Qualified Stock Option Agreement 2006 (LSB Industries Inc), Non Qualified Stock Option Agreement 2006 (LSB Industries Inc)

Acceleration and Continuous Employment. The Board of Directors of the Company shall have the sole and absolute discretion to accelerate the time when Optionee will become entitled to exercise this option pursuant to the terms hereof. The Board of Directors shall decide, in its sole and absolute discretion, to what extent leaves of absence for government or military service, illness, temporary disability or other reasons, shall not interrupt continuous employment as an employee or independent contractor for and on behalf of the Company or a Subsidiary of the Company, which decision shall be binding for the purpose of this Option Agreement. 5.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement 1998 (LSB Industries Inc)

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Acceleration and Continuous Employment. The Board of Directors of the Company shall have the sole and absolute discretion to accelerate the time when Optionee will become entitled to exercise this option pursuant to the terms hereof. The Board of Directors shall decide, in its sole and absolute discretion, to what extent leaves of absence for government or military service, illness, temporary disability or other reasons, shall not interrupt continuous employment as an employee for and on behalf of the Company or a Subsidiary of the Company, which decision shall be binding for the purpose of this Option Agreement.an

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (LSB Industries Inc)

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