Right to Setoff. The Company may, to the extent permitted by applicable law, deduct from and set off against any amounts the Company may owe to the Optionee from time to time, including amounts payable in connection with the Option or other compensation owed to the Optionee, such amounts as may be owed by the Optionee to the Company. The Optionee shall remain liable for any part of the Optionee’s payment obligation not satisfied through such deduction and setoff.
Appears in 6 contracts
Samples: Nonqualified Stock Option Agreement (India Globalization Capital, Inc.), Nonqualified Stock Option Agreement (India Globalization Capital, Inc.), Incentive Stock Option Agreement (India Globalization Capital, Inc.)
