Common use of Conditional Grant Clause in Contracts

Conditional Grant. This Stock Option is granted upon the condition that the Option Shares shall be forfeited unless each and any person who is a spouse of the Participant at any time on or after the Grant Date (including any person who becomes a spouse after the Grant Date) executes a Consent of Spouse form provided by the Committee, unless the Committee shall waive such condition.

Appears in 4 contracts

Sources: Non Qualified Stock Option Agreement (Reliance Steel & Aluminum Co), Incentive Stock Option Agreement (Jorgensen Earle M Co /De/), Non Qualified Stock Option Agreement (Jorgensen Earle M Co /De/)

Conditional Grant. This Stock Option is granted upon the condition that conditions and the Option Shares shall be forfeited unless each and any person who is a spouse of the Participant at any time on or after the Grant Date (including any person who becomes a spouse after the Grant Date) executes a Consent of Spouse form provided by the Committee, unless the Committee shall waive either such condition.

Appears in 2 contracts

Sources: Nonqualified Stock Option Agreement (Bio Logic Systems Corp), Incentive Stock Option Agreement (Bio Logic Systems Corp)

Conditional Grant. This Stock Option is granted upon the condition that that, and the Option Shares hereunder shall be forfeited unless unless, each and any person who is a spouse of the Participant at any time on or after the Grant Date (including any person who becomes a spouse after the Grant Date) executes a Consent of Spouse form provided by the Committee, unless the Committee shall waive either such condition.

Appears in 1 contract

Sources: Stock Option Agreement (Kensey Nash Corp)

Conditional Grant. This Stock Option is granted upon the condition that the Option Shares shall be forfeited unless each and any person who is a spouse of the Participant Recipient at any time on or after the Grant Date (including any person who becomes a spouse after the Grant Date) executes a Consent of Spouse form provided by the Committee, unless the Committee shall waive such condition.

Appears in 1 contract

Sources: Non Qualified Stock Option Agreement (International Stem Cell CORP)