Common use of Granting of Options Clause in Contracts

Granting of Options. From time to time until the expiration or earlier suspension or discontinuance of the Plan pursuant to Section 13, the Committee may, on behalf of Company, grant to Eligible Employees under the Plan such Options as it determines are warranted, subject to the limitations of the Plan. The granting of an Option under the Plan shall not be deemed either to entitle the Participant to, or to disqualify the Participant from, any participation in any other grant of Options under the Plan.

Appears in 4 contracts

Samples: Employment Agreement (NPC International Inc), Employment Agreement (NPC International Inc), Employment Agreement (NPC International Inc)

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Granting of Options. From time to time until the expiration or earlier suspension or discontinuance of the Plan pursuant to Section 13, the Committee may, on behalf of the Company, grant to Eligible Employees under the Plan such Options as it determines are warranted, subject to the limitations of the Plan. The granting of an Option under the Plan shall not be deemed either to entitle the Participant to, or to disqualify the Participant from, any participation in any other grant of Options under the Plan.

Appears in 2 contracts

Samples: Employment Agreement (NPC International Inc), Employment Agreement (NPC International Inc)

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