Option Subject to Plan Clause Example from Business Contracts

This example Option Subject to Plan clause appears in 3 contracts from 2 companies

Option Subject to Plan. By entering into this Award Agreement the Participant agrees and acknowledges that the Participant has received and read a copy of the Plan. The Option is subject to the terms and conditions of the Plan. In the event of a conflict between any term hereof and a term of the Plan, the applicable term of the Plan shall govern and prevail.