Common use of Terms and Conditions of Plan Clause in Contracts

Terms and Conditions of Plan. This Agreement is subject to, and the Company and the Optionee agree to be bound by, all of the terms and conditions of the Plan, as the same shall have been amended from time to time in accordance with the terms thereof, provided that no such amendment shall deprive the Optionee, without his or her consent, of any of his or her rights hereunder, except as otherwise provided in this Agreement or in the Plan. The Shares acquired hereunder may also be subject to restrictions on transfer and/or rights of repurchase that may be contained in the Bylaws of the Company or in separate agreements with Optionee. The Board or the Committee shall have the power to interpret the Plan and this Agreement and to adopt such rules for the administration, interpretation and application of the Plan as are consistent therewith and to interpret or revoke any such rules. All actions taken and all interpretations and determinations made by the Board or the Committee in good faith shall be final and binding upon Optionee, the Company and all other interested persons. No member of the Board or the Committee shall be personally liable for any action, determination or interpretation made in good faith with respect to the Plan or this Agreement.

Appears in 5 contracts

Samples: Stock Option Agreement (AgeX Therapeutics, Inc.), Stock Option Agreement (OncoCyte Corp), Stock Option Agreement (Biotime Inc)

AutoNDA by SimpleDocs

Terms and Conditions of Plan. This Agreement is subject to, and the Company and the Optionee Participant agree to be bound by, all of the terms and conditions of the Plan, as the same shall have been is amended from time to time in accordance with the terms thereof, provided that no such amendment shall will deprive the OptioneeParticipant, without his or her consent, of any of his or her rights hereunder, except as otherwise provided in this Agreement or in the Plan. The Shares acquired hereunder may also be subject to restrictions on transfer and/or rights of repurchase that may be contained in the Bylaws bylaws of the Company or in separate agreements with OptioneeParticipant. The Board or the Committee shall will have the power to interpret the Plan and this Agreement and to adopt such rules for the administration, interpretation interpretation, and application of the Plan as are consistent therewith and to interpret or revoke any such rules. All actions taken and all interpretations and determinations made by the Board or the Committee in good faith shall will be final and binding upon OptioneeParticipant, the Company Company, and all other interested persons. No member of the Board or the Committee shall will be personally liable for any action, determination determination, or interpretation made in good faith with respect to the Plan or this Agreement. Capitalized terms not otherwise defined in this Agreement have the meanings ascribed to such terms in the Plan.

Appears in 1 contract

Samples: Form of Non Qualified Stock Option Agreement (AgeX Therapeutics, Inc.)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.