Common use of Effect of Certain Breaches Clause in Contracts

Effect of Certain Breaches. Notwithstanding Sections 4 through 6 of this Award Agreement, if at any time the Company determines that you have breached or threatened to breach any of your obligations under the Confidential Information and Non-Solicitation Agreement signed by you or any other announced policy of the Company, the Company may suspend your right to exercise the Option and/or may declare the Option forfeited.

Appears in 1 contract

Sources: Incentive Stock Option Agreement (Paychex Inc)

Effect of Certain Breaches. Notwithstanding Sections 4 through 6 7 of this Award Agreement, if at any time the Company determines that you have breached or threatened to breach any of your obligations under the Confidential Information and Non-Solicitation Agreement signed by you or any other announced policy of the Company, the Company may suspend your right to exercise the Option and/or may declare the Option forfeited.

Appears in 1 contract

Sources: Stock Option Agreement (Paychex Inc)