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

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

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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

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

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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

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

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