Common use of Option Null and Void Clause in Contracts

Option Null and Void. If, after the term of Employee's employment with the Company, Employee engages in activity that violates Section 4.4 of the Employment Agreement (to the extent such section is applicable), the Board of Directors, in its sole discretion, may annul any award granted hereunder and require Employee to return to the Company the economic benefit received by Employee of any Option Shares purchased hereunder by Employee within the 12 month period prior to the date of termination.

Option Null and Void. If, after the term of Employee's ’s employment with the Company, Employee engages in activity that violates Section 4.4 4 of the Employment Agreement (to the extent such section is applicable), the Board of DirectorsBoard, in its sole discretion, may annul any award granted hereunder and require Employee to return to the Company the economic benefit received by Employee of any Option Shares purchased hereunder by Employee within during the 12 month period beginning on the date that is six months prior to the date of termination.