Restrictions on Exercise Clause Example with 4 Variations from Business Contracts

Restrictions on Exercise. Except as the Board Committee may otherwise permit pursuant to the Plan, only the Grantee Participant may exercise the Option during the Grantee's Participant's lifetime and, after the Grantee's Participant's death, the Option shall be exercisable (subject to the limitations specified in the Plan) solely by the legal representatives of the Grantee, Participant, or by the person who acquires the right to exercise the Option by will or by the laws of descent and distribution, to the extent that th...e Option is exercisable pursuant to this Agreement. 3 8. 4 7. Grant Subject to Plan Provisions. This grant Grant is made pursuant to the Plan, the terms of which are incorporated herein by reference, and in all respects shall be interpreted in accordance with the Plan. In the event of any contradiction, distinction or difference between this Grant and the terms of the Plan, the terms of the Plan will control. Except as otherwise defined in this Grant, capitalized terms used in this Grant shall have the meanings set forth in the Plan. The grant Grant and exercise of the Option are subject to the provisions of the Plan and to interpretations, regulations and determinations concerning the Plan established from time to time by the Board Committee in accordance with the provisions of the Plan, including, but not limited to, provisions pertaining to (a) (i) rights and obligations with respect to withholding taxes, (b) (ii) the registration, qualification or listing of the Shares, (c) shares of Company Stock, (iii) changes in capitalization of the Company Company, and (d) (iv) other requirements of applicable law. The Board Committee shall have the authority to interpret and construe the Option pursuant to the terms of the Plan, and its decisions shall be conclusive as to any questions arising hereunder. By accepting this Grant, the Participant agrees (A) to be bound by the terms of the Plan and the Grant, (B) to be bound by the determinations and decisions of the Committee with respect to this Grant, the Plan and the Participant's rights to benefits under this Grant and the Plan, and (C) that all decisions and determinations of the Committee with respect to the Grant and the Plan shall be final and binding on the Participant and the Participant's beneficiaries and any other person claiming an interest under this Grant and the Plan on behalf of the Participant. View More

Restrictions on Exercise. Except as the Board Committee may otherwise permit pursuant to the Plan, only the Grantee Participant may exercise the Option during the Grantee's Participant's lifetime and, after the Grantee's Participant's death, the Option shall be exercisable (subject to the limitations specified in the Plan) solely by the legal representatives of the Grantee, Participant, or by the person who acquires the right to exercise the Option by will or by the laws of descent and distribution, to the extent that th...e Option is exercisable pursuant to this Award Agreement. 3 8. Grant -3- 6. Award Subject to Plan Provisions. This grant Award is made pursuant to the Plan, the terms of which are incorporated herein by reference, and in all respects shall be interpreted in accordance with the Plan. The grant Award and exercise of the Option are subject to the provisions of the Plan and to interpretations, regulations and determinations concerning the Plan established from time to time by the Board Committee in accordance with the provisions of the Plan, including, but not limited to, provisions pertaining to (a) rights and obligations with respect to withholding taxes, (b) the registration, qualification or listing of the Shares, (c) changes in capitalization of the Company and (d) other requirements of applicable law. The Board Committee shall have the authority to interpret and construe the Option pursuant to the terms of the Plan, and its decisions shall be conclusive conclusive, final and binding as to any questions arising hereunder. View More

Restrictions on Exercise. Except as the Board may otherwise permit pursuant to the Plan, only the Grantee may exercise the Option during the Grantee's lifetime and, after the Grantee's death, the Option shall be exercisable (subject to the limitations specified in the Plan) solely by the legal representatives of the Grantee, or by the person who acquires the right to exercise the Option by will or by the laws of descent and distribution, to the extent that the Option is exercisable pursuant to this Agreement. 3 8. 7. Gra...nt Subject to Plan Provisions. This grant is made pursuant to the Plan, the terms of which are incorporated herein by reference, and in all respects shall be interpreted in accordance with the Plan. The grant and exercise of the Option are subject to the provisions of the Plan and to interpretations, regulations and determinations concerning the Plan established from time to time by the Board in accordance with the provisions of the Plan, including, but not limited to, provisions pertaining to (a) rights and obligations with respect to withholding taxes, (b) the registration, qualification or listing of the Shares, (c) changes in capitalization of the Company and (d) other requirements of applicable law. The Board shall have the authority to interpret and construe the Option pursuant to the terms of the Plan, and its decisions shall be conclusive as to any questions arising hereunder. By accepting this Option, the Grantee acknowledges that all the decisions and determinations of the Board shall be final and binding on the Grantee, his or her beneficiaries and any other person having or claiming an interest under the Option. The Grantee acknowledges receipt of the Plan and the Plan prospectus, which are available on the Company's internal X drive (or successor drive); provided that paper copies of the Plan and the Plan prospectus are available upon request by contacting Human Resources (609) 359-3020. View More

Restrictions on Exercise. Except as the Board Committee may otherwise permit pursuant to the Plan, only the Grantee may exercise the Option during the Grantee's lifetime and, after the Grantee's death, the Option shall be exercisable (subject to the limitations specified in the Plan) solely by the legal representatives of the Grantee, or by the person who acquires the right to exercise the Option by will or by the laws of descent and distribution, to the extent that the Option is exercisable pursuant to this Agreement. 3... 8. FIRST POTOMAC REALTY TRUST NONQUALIFIED STOCK OPTION AGREEMENT PAGE 4 7. Grant Subject to Plan Provisions. This grant is made pursuant to the Plan, the terms of which are incorporated herein by reference, and in all respects shall be interpreted in accordance with the Plan. The grant and exercise of the Option are subject to the provisions of the Plan and to interpretations, regulations and determinations concerning the Plan established from time to time by the Board Committee in accordance with the provisions of the Plan, including, but not limited to, provisions pertaining to (a) (i) rights and obligations with respect to withholding taxes, (b) (ii) the registration, qualification or listing of the Common Shares, (c) (iii) changes in capitalization of the Company Trust and (d) (iv) other requirements of applicable law. The Board Committee shall have the authority to interpret and construe the Option pursuant to the terms of the Plan, and its decisions shall be conclusive as to any questions arising hereunder. View More