Miscellaneous; Governing Law. (a) In the event the Option shall be exercised in whole, this Option Agreement shall be surrendered to the Company for cancellation. In the event the Option shall be exercised in part, or a change in the number or designation of the Common Stock shall be made, this Option Agreement shall be delivered by Optionee to the Company for the purpose of making appropriate notation thereon, or of otherwise reflecting, in such manner as the Company shall determine, the partial exercise or the change in the number of designation of the Common Stock.
Appears in 7 contracts
Samples: Incentive Stock Option Agreement (Medarex Inc), Nonqualified Stock Option Agreement (Medarex Inc), Incentive Stock Option Agreement (Medarex Inc)
