Examples of Consultant Entity in a sentence
If Options have been granted to a Participant’s Subsidiary or a Consultant’s Consultant Entity and the related Subsidiary ceases to be a Subsidiary or the related Consultant Entity ceases to so qualify, then the Participant will be deemed to have Transferred any Option held by that entity to the entity, and that Transfer will be subject to the requirements and sanctions set out in this section.
The foregoing covenant shall apply only to the Initial Shares and/or Final Shares and not to any other shares of GTLL stock currently owned by Consultant or any GTLL stock that may be owned by Consultant or any Consultant Entities in the future as a result of the exercise of any GTLL stock options owned by the Consultant or any Consultant Entity.
In the event of a breach of the provisions of this Section 11 by Consultant or any Consultant Entity, GTLL shall, in addition to any other remedies to which it may be entitled, be entitled to injunctive relief.
Option Holders The Stock Option Plan provides that stock options may be issued to employees, officers, directors and consultants of the Company or any of its subsidiaries, a company wholly owned by such employee, to a Consultant Entity (as defined in the Stock Option Plan) of a consultant or to eligible tax accounts established by or for the consultant or employee under which he or she is the beneficiary.