Common use of Acceptance of Grant of Option Clause in Contracts

Acceptance of Grant of Option. The Holder accepts the grant of the Option confirmed hereby, acknowledges having received a copy of the Plan and agrees to be bound by the terms and provisions of the Plan, as the Plan may be amended from time to time; provided, however, that no alteration, amendment, revocation or termination of the Plan shall, without the written consent of the Holder, adversely affect the rights of the Holder with respect to the Option.

Appears in 6 contracts

Samples: Employee Nonstatutory Stock Option Agreement (Tollgrade Communications Inc \Pa\), Director Nonstatutory Stock Option Agreement (Tollgrade Communications Inc \Pa\), Stock Option Agreement (Tollgrade Communications Inc \Pa\)

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