Common use of Surrender of Option Clause in Contracts

Surrender of Option. Upon exercise of the Option in part, if requested by the Committee, the Grantee shall deliver this Award Agreement and other written agreements executed by the Company and the Grantee with respect to the Option to a duly authorized officer of the Company, who shall endorse or cause to be endorsed thereon a notation of such exercise and return such agreements to the Grantee.

Appears in 5 contracts

Samples: Employment Agreement (Grande Communications Holdings, Inc.), Agreement (Grande Communications Holdings, Inc.), Incentive Stock Option Agreement (Grande Communications Holdings, Inc.)

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Surrender of Option. Upon exercise of the Option in part, if requested by the Committee, the Grantee shall deliver this Award Agreement and other written agreements executed by the Company and the Grantee with respect to the Option to a duly authorized officer of the Company, Company who shall endorse or cause to be endorsed thereon a notation of such exercise and return such agreements to the Grantee.

Appears in 2 contracts

Samples: Incentive Stock Option Agreement (Grande Communications Holdings, Inc.), Incentive Stock Option Agreement (Grande Communications Holdings, Inc.)

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