Division of Option. This Option may be divided upon surrender hereof to the Option Agency, together with a written notice specifying the names and denominations in which the new Options are to be issued, signed by the Holder. Subject to compliance with Paragraph 7(c) as to any transfer which may be involved in the division, the Company shall execute and deliver new Options in exchange for the Option or Options to be divided in accordance with such notice.
Appears in 3 contracts
Sources: Stock Option Grant Agreement (Hicks Muse Tate & Furst Equity Fund Ii L P), Termination and Release Agreement (Viasystems Group Inc), Stock Option Grant Agreement (Hicks Muse Tate & Furst Equity Fund Ii L P)