Examples of Participating Subsidiary in a sentence
No portion of a Stock Option shall become exercisable hereunder after termination of the Key Employee's employment with or Board Member's tenure on the Board of Directors of the Company or any Participating Subsidiary except as provided in Section 6.3 above.
Grants of Stock Options may be made to Key Employees or members of the Board of Directors of the Company or any Participating Subsidiary.
Such steps include, but are not limited to, the withholding of issuance of shares of Common Stock to be issued upon exercise of any Stock Option, until the Participant reimburses the Company or any Participating Subsidiary for the amount the Company or any Participating Subsidiary is required to withhold with respect to such taxes, or reacquiring any portion of such exercise in an amount sufficient to reimburse itself for the amount it is required to so withhold.
The Company or any Participating Subsidiary will take such steps for the withholding of any taxes which the Company or any Participating Subsidiary is required to withhold in connection with the exercise of any Stock Option by any law or regulation of any governmental authority.
Nothing in this Plan or in the Special Purpose Stock Option Agreement shall confer upon a Member of the Board of Directors the right to continue his or her tenure as a Board Member of the Company or any Participating Subsidiary beyond that period approved by the shareholders of the Company of its Participating Subsidiaries.