Common use of Cancellation of Stock Options Clause in Contracts

Cancellation of Stock Options. You hereby acknowledge receipt of the Cancellation Notice from the Board of Directors of the Company, whereby the Board of Directors communicated its intent to terminate all options in connection with the Grande Communications Transaction pursuant to Section 15(c)(iii) of the Grande Communications Holdings, Inc. 2000 Stock Incentive Plan. You further acknowledge and agree that it is your sole responsibility to exercise the vested portion of any options under the Plan that you hold by the Cancellation Date (as defined in the Cancellation Notice) and that any such vested options that are not so exercised will expire upon the Cancellation Date.

Cancellation of Stock Options. You Xxxxxxx hereby acknowledge acknowledges receipt of the Cancellation Notice from the Board of Directors of the Company, whereby the Board of Directors communicated its intent to terminate all options in connection with the Grande Communications Transaction pursuant to Section 15(c)(iii) of the Grande Communications Holdings, Inc. 2000 Stock Incentive Plan. You Xxxxxxx further acknowledge acknowledges and agree agrees that it is your his sole responsibility to exercise the vested portion of any options under the Plan that you hold he holds by the Cancellation Date (as defined in the Cancellation Notice) and that any such vested options that are not so exercised will expire upon the Cancellation Date.

Cancellation of Stock Options. You Xxxxxxxxx hereby acknowledge acknowledges receipt of the Cancellation Notice from the Board of Directors of the Company, whereby the Board of Directors communicated its intent to terminate all options in connection with the Grande Communications Transaction pursuant to Section 15(c)(iii) of the Grande Communications Holdings, Inc. 2000 Stock Incentive Plan. You Xxxxxxxxx further acknowledge acknowledges and agree agrees that it is your his sole responsibility to exercise the vested portion of any options under the Plan that you hold he holds by the Cancellation Date (as defined in the Cancellation Notice) and that any such vested options that are not so exercised will expire upon the Cancellation Date.

Cancellation of Stock Options. You hereby acknowledge receipt of the Cancellation Notice from the Board of Directors of the Company, Company whereby the Board of Directors communicated its intent to terminate all options in connection with the Grande Communications Transaction pursuant to Section 15(c)(iii) of the Grande Communications Holdings, Inc. 2000 Stock Incentive Plan. You further acknowledge and agree that it is your sole responsibility to exercise the vested portion of any options under the Plan that you hold by the Cancellation Date (as defined in the Cancellation Notice) and that any such vested options that are not so exercised will expire upon the Cancellation Date.