Optionee Representation Sample Clauses
The Optionee Representation clause requires the party receiving an option (the optionee) to make certain statements or assurances about their authority, capacity, or status in relation to the agreement. Typically, this clause ensures that the optionee has the legal right to enter into the contract, is not restricted by other agreements, and possesses any necessary approvals or consents. By including these representations, the clause helps the optionor (the party granting the option) confirm that the optionee is a legitimate and capable counterparty, thereby reducing the risk of future disputes or invalid agreements.
Optionee Representation. As a condition to the exercise of any Option, the Company may require a representation from the person exercising the Option that the Stock is being acquired only for investment purposes and without any present intention to sell or distribute such shares.
Optionee Representation. The Optionee acknowledges receipt of the Plan, a copy of which is attached hereto, and hereby accepts the grant of this Option subject to all of the terms and provisions thereof.
Optionee Representation. The Optionee represents that Optionee has not transferred or purported to transfer to any Person any previously issued Performance Accelerated Stock Options.
Optionee Representation. Optionee acknowledges receipt of the ----------------------- Plan and hereby accepts the grant of this Option subject to all the terms and provisions thereof.