Common use of Acceptance of Option Clause in Contracts

Acceptance of Option. If the Optionee does not execute this Agreement within sixty (60) days following the Grant Date and thereby accept the terms and conditions of this Agreement and the Plan (including, without limitation, Schedule I of the Plan), then the Optionee will be deemed to have declined the Option and the Option will be null and void (and the Optionee will have no rights with respect thereto).

Appears in 5 contracts

Samples: Non Qualified Stock Option Agreement (TAMINCO ACQUISITION Corp), Non Qualified Stock Option Agreement (TAMINCO ACQUISITION Corp), Non Qualified Stock Option Agreement (TAMINCO ACQUISITION Corp)

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Acceptance of Option. If the Optionee Participant does not execute this Agreement within sixty (60) days following the Grant Date and thereby accept the terms and conditions of this Agreement and the Plan (including, without limitation, Schedule I of the Plan), then the Optionee Participant will be deemed to have declined the Option and the Option will be null and void (and the Optionee Participant will have no rights with respect thereto).

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (TAMINCO Corp)

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