Acceptance of Option. The Recipient shall have no rights with respect to the Option unless the Recipient accepts this Agreement no later than the close of business on the date that is sixty (60) days after the Date of Grant. Such acceptance of the Option shall be effected by accessing the website of Lydall’s administrative agent (the “Administrative Agent”), referenced in the Award Letter, and completing the required on-line grant acknowledgement process.
Appears in 6 contracts
Samples: Nonqualified Stock Option Agreement (Lydall Inc /De/), Nonqualified Stock Option Agreement (Lydall Inc /De/), Nonqualified Stock Option Agreement (Lydall Inc /De/)