Common use of Optionee Acknowledgments Clause in Contracts

Optionee Acknowledgments. The Optionee acknowledges that he or she has read and understands the terms of this Agreement and the Plan, and that: (a) The issuance of shares of Common Stock pursuant to the exercise of the Option, and any resale of the shares of Common Stock, may only be effected in compliance with applicable state and federal laws and regulations and that the Optionee may be required to execute and deliver representations and warranties to that effect prior to the exercise of any portion of the Option; (b) The Optionee is not entitled to any rights as a shareholder with respect to any shares of Common Stock issuable hereunder until the Optionee becomes a shareholder of record; (c) The shares of Common Stock subject hereto may be adjusted in the event of certain changes in the capital structure of the Company or for any other reason required or permitted by the Plan; (d) As a condition to the exercise of the Option, the Optionee may be required to make such arrangements as the Committee requires for the satisfaction of any federal, state or local withholding tax obligations; and (e) This Agreement does not constitute an employment agreement nor does it entitle the Optionee to any specific employment or to employment for a period of time and that the Optionee’s continued employment, if any, with the Company shall be at will and is subject to termination in accordance with the Company’s prevailing policies and any other agreement between the Optionee and the Company.

Optionee Acknowledgments. The Optionee acknowledges that he or she has read and understands the terms of this Agreement and the Plan, and that: (a) The issuance of shares of Common Stock pursuant to the exercise of this Option, the Optionissuance of any securities with respect to such Common Stock by way of a stock dividend or stock split or in connection with a combination of shares, recapitalization, merger, consolidation or reorganization, and any resale of the any such shares of Common Stock, may only be effected in compliance with applicable state and federal laws and regulations and that regulations, including the Optionee may be required to execute and deliver representations and warranties to that effect prior to Securities Act of 1933, as amended (the exercise of any portion of the Option“Securities Act”); (b) The Optionee By acceptance of the Option, he agrees to defend, indemnify and hold the Company harmless from and against loss or liability arising from the transfer of the Option or any Common Stock issued pursuant thereto or any interest therein in violation of the provisions of the Securities Act or of this Option Agreement; (c) He agrees that prior to any exercise of the Option, he will seek access to all information relating to the merits and risks of acquiring Common Stock necessary to make an informed decision; (d) He is not entitled to any rights as a shareholder with respect to any shares of Common Stock issuable hereunder until the Optionee he becomes a shareholder of record; (ce) The shares of Common Stock subject hereto may be adjusted in the event of certain organic changes in the capital structure of the Company or for any other reason required or permitted by the Plan; (d) As a condition to the exercise of the Option, the Optionee may be required to make such arrangements as the Committee requires for the satisfaction of any federal, state or local withholding tax obligations; and (ef) This Agreement does not constitute an employment agreement nor does it entitle the Optionee to any specific employment or to employment for a period of time time, and that the Optionee’s continued employment, if any, with the Company shall be at will and is subject to termination in accordance with the Company’s prevailing policies and any other agreement between the Optionee and the Company.

Optionee Acknowledgments. The Optionee acknowledges that he or she has read and understands the terms of this Agreement and the Plan, and that: (a) The issuance of shares of Common Stock pursuant to the exercise of the Option, and any resale of the shares of Common Stock, may only be effected in compliance with applicable state and federal laws and regulations and that the Optionee may be required to execute and deliver representations and warranties to that effect prior to the exercise of any portion of the Option; (b) The Optionee is not entitled to any rights as a shareholder with respect to any shares of Common Stock issuable hereunder until the Optionee becomes a shareholder of record; (c) The shares of Common Stock subject hereto may be adjusted in the event of certain changes in the capital structure of the Company or for any other reason required or permitted by the Plan; (d) As a condition to the exercise of the Option, the Optionee may be required to make such arrangements as the Committee Plan Administrator requires for the satisfaction of any federal, state or local withholding tax obligations; and (e) This Agreement does not constitute an employment agreement nor does it entitle the Optionee to any specific employment or contractual relationship, or to any employment or contractual relationship for a period of time time, and that Optionee's continued employment or contractual relationship with the Optionee’s continued employmentCompany, if any, with the Company shall be at will and is subject to termination in accordance with the Company’s 's prevailing policies and any other agreement between the Optionee and the Company.

Optionee Acknowledgments. The Optionee acknowledges that he or she has read and understands the terms of this Agreement and the Plan, and that: (a) The issuance of shares of Common Stock pursuant to the exercise of this Option, the Optionissuance of any securities with respect to such Common Stock by way of a stock dividend or stock split or in connection with a combination of shares, recapitalization, merger, consolidation or reorganization, and any resale of the any such shares of Common Stock, may only be effected in compliance with applicable state and federal laws and regulations and that regulations, including the Optionee may be required to execute and deliver representations and warranties to that effect prior to Securities Act of 1933, as amended (the exercise of any portion of the Option"Securities Act"); (b) The Optionee By acceptance of the Option, he agrees to defend, indemnify and hold the Company harmless from and against loss or liability arising from the transfer of the Option or any Common Stock issued pursuant thereto or any interest therein in violation of the provisions of the Securities Act or of this Option Agreement; (c) He agrees that prior to any exercise of the Option, he will seek access to all information relating to the merits and risks of acquiring Common Stock necessary to make an informed decision; (d) He is not entitled to any rights as a shareholder with respect to any shares of Common Stock issuable hereunder until the Optionee he becomes a shareholder of record; (ce) The shares of Common Stock subject hereto may be adjusted in the event of certain organic changes in the capital structure of the Company or for any other reason required or permitted by the Plan; (d) As a condition to the exercise of the Option, the Optionee may be required to make such arrangements as the Committee requires for the satisfaction of any federal, state or local withholding tax obligations; and (ef) This Agreement does not constitute an employment agreement nor does it entitle the Optionee to any specific employment or to employment for a period of time time, and that the Optionee’s 's continued employment, if any, with the Company shall be at will and is subject to termination in accordance with the Company’s 's prevailing policies and any other agreement between the Optionee and the Company.

Optionee Acknowledgments. The Optionee acknowledges that he or she has read and understands the terms of this Incentive Stock Option Agreement and the Plan, and that: (a) The issuance of shares of Common Stock pursuant to the exercise of the Option, and any resale of the shares of Common Stock, may only be effected in compliance with applicable state and federal laws and regulations regulations, and that the Optionee may be required to execute and deliver representations and warranties to that effect prior to the exercise of any portion of the Option; (b) The Optionee is not entitled to any rights as a shareholder with respect to any shares of Common Stock issuable hereunder until the Optionee becomes a shareholder of record; ; (c) The shares of Common Stock subject hereto may be adjusted in the event of certain changes in the capital structure of the Company or for any other reason required or permitted by the Plan; (d) As a condition to the exercise of the Option, the Optionee may be required to shall make such arrangements as the Committee requires for the satisfaction of any federal, state or local withholding tax obligations; and (e) This Agreement does not constitute an employment agreement nor does it entitle the Optionee to any specific employment or contractual relationship or to any employment or contractual relationship for a period of time time, and that Optionee's continued employment with the Optionee’s continued employmentCompany, if any, with the Company shall be at will and is subject to termination in accordance with the Company’s 's prevailing policies and any other agreement between the Optionee and the Company.