ACCEPTANCE BY OPTION HOLDER Sample Clauses
The "Acceptance by Option Holder" clause defines the requirement that the individual or entity granted an option must formally accept the terms and conditions of the option agreement. Typically, this involves the option holder signing a written document or providing another form of acknowledgment within a specified timeframe to confirm their agreement to the option's terms. This clause ensures that the option holder is aware of and agrees to the obligations and rights conferred by the option, thereby preventing disputes about whether the option was validly accepted and enforceable.
ACCEPTANCE BY OPTION HOLDER. By executing this Agreement and returning a fully executed copy hereof to the Committee at the address specified in section 13, the Option Holder signifies his acceptance of the terms and conditions of this Non-Qualified Stock Option. If a fully executed copy of this Agreement is not received by the Committee within forty-five (45) days after the date when it is presented to the Option Holder, the Committee may revoke the Non-Qualified Stock Option granted, and thereby avoid all obligations, hereunder.
ACCEPTANCE BY OPTION HOLDER. By executing this Agreement and returning a fully executed copy hereof to the Committee at the address specified in section 12, the Option Holder signifies his acceptance of the terms and conditions of this Non-
ACCEPTANCE BY OPTION HOLDER. By executing this Agreement and returning a fully executed copy hereof to the Corporation at the address specified in section 11, the Option Holder signifies his acceptance of the terms and conditions of this Option. If a fully executed copy of this Agreement is not received by the Corporation within forty-five (45) days after the date first above written, the Corporation may revoke the Option granted, and thereby avoid all obligations, hereunder.