Common use of Conditional Grant Clause in Contracts

Conditional Grant. If the Participant is a resident of a community property state, this Option is granted upon the condition that, 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 4 contracts

Sources: Stock Option Agreement (Advance America, Cash Advance Centers, Inc.), Non Qualified Stock Option Agreement (Divine Inc), Incentive Stock Option Agreement (Divine Interventures Inc)

Conditional Grant. If the Participant is a resident of a community property state, this Option is granted upon the condition that, 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.. [SIGNATURE PAGE FOLLOWS]

Appears in 2 contracts

Sources: Non Qualified Stock Option Agreement (Divine Inc), Non Qualified Stock Option Agreement (Divine Inc)

Conditional Grant. If the Participant Recipient is a resident of a community property state, this Option is granted upon the condition that, and 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 either such condition.

Appears in 1 contract

Sources: Nonqualified Stock Option Agreement (Advance America, Cash Advance Centers, Inc.)