Common use of Cancellation of Options Clause in Contracts

Cancellation of Options. The Employee hereby surrenders the Cancelled Options for cancellation, and the Company hereby accepts such surrender and cancellation. By execution of this Agreement, the parties have taken all steps necessary to cancel the Cancelled Options.

Appears in 3 contracts

Samples: Stock Option Cancellation Agreement (Kirkland's, Inc), America Stock Option Cancellation Agreement (Corrections Corp of America), Stock Option Cancellation Agreement (Gaylord Entertainment Co /De)

AutoNDA by SimpleDocs

Cancellation of Options. The Employee hereby surrenders the Cancelled Options for cancellation, and the Company hereby accepts such surrender and cancellation. By execution of this Agreement, the parties have taken all steps necessary to cancel the Cancelled Options.

Appears in 1 contract

Samples: Stock Option Cancellation Agreement (Alexanders J Corp)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.