No Incentive. 12.1 The Vendor agrees that special offers of free products or similar incentives will not be permitted during the Term of this Contract. The Vendor’s failure to comply may result in the termination of this Contract.
No Incentive. Stock Grant Shares shall become Vested Incentive Stock Grant Shares prior to Referendum Approval (as such term is defined in Section 2.2.1 of that certain Purchase and Sale Agreement and Joint Escrow Instructions dated August 31, 1999, by and between HBR Realty Company, Inc. and Iowa West Racing Association) and, in the event that Referendum Approval does not occur, no Incentive Stock Grant Shares shall ever become Vested Incentive Stock Grant Shares and, accordingly, no amount shall be payable to Employee in respect of the Incentive Stock Grant Shares pursuant to this Agreement, the 2000 Award Agreement or otherwise. No amount shall be payable to Employee in respect of 20% of the Incentive Stock Grant Shares under any circumstances and, with respect to the remaining 80% of the Incentive Stock Grant Shares, to the extent that the conditions set forth in subparagraphs (i) and/or (ii) of this Section 3(e) are not satisfied, no amount shall be payable to Employee in respect of the applicable portion of such remaining Incentive Stock Grant Shares hereunder, pursuant to the 2000 Award Agreement or otherwise.
No Incentive. Stock Option may be granted to any Eligible Person who, at the time the Option is granted, owns directly, or indirectly within the meaning of Section 424(d) of the Code, stock possessing more than ten percent (10%) of the total combined voting power of all classes of stock of the Company or of any parent or subsidiary thereof, unless such Incentive Stock Option (i) has an exercise price of at least one hundred ten percent (110%) of the Fair Market Value on the date of the grant of such Option and (ii) cannot be exercised more than five (5) years after the date it is granted.
No Incentive. Stock Option shall be granted hereunder to a key employee who is not a resident of the State of Washington, unless the Administrative Committee shall have determined, based on the advice of counsel, that the grant of such Incentive Stock Option (and the exercise thereof by the Optionee) will not violate the securities laws of the state where the Optionee resides.
No Incentive. Stock Option may be granted during any suspension, or after termination, of this Plan. Amendment) suspension or termination of this Plan shall not, without the consent of the Optionee, alter or impair any rights or obligations with respect to any Incentive Stock Option theretofore granted or shares of Common Stock acquired upon exercise thereof.
No Incentive. Stock Option granted under the Plan shall be exercisable after the expiration of ten (10) years from the date of its grant. However, if an Incentive Stock Option is granted to a Principal Stockholder, such Incentive Stock Option shall not be exercisable after the expiration of five (5) years from the date of its grant. Every Incentive Stock Option granted under the Plan shall be subject to earlier termination as expressly provided in Section 12 hereof.
No Incentive. Stock Option granted under the Plan is transferable except by will or the laws of descent and distribution and is exercisable during his lifetime only by the Key Employee to which it is granted. 8.
No Incentive. Stock Option granted hereunder may be exercised prior to the expiration of one year from the date of grant.
No Incentive. Stock Option granted to an eligible Participant then owning more than 10% of the voting power of all classes of the Company's stock may be exercisable by its terms after the expiration of five years from the date of the grant thereof.
No Incentive the Company shall not, and shall ensure that none of its Subsidiaries, offer any incentive, whether direct or indirect, in any manner, whether in cash or kind or services or otherwise, to any person for making an Application, and shall not make any payment, whether direct or indirect, whether in the nature of discounts, commission, allowance or otherwise, to any person for making an Application.
