Extension of Exercise Periods. The periods during which the Company may exercise its rights under Sections 2 and 3 hereof, or Parent may exercise its rights under Section 2(g), shall be extended in each such case at the request of the Company to the extent necessary to avoid liability by the Company under Section 16(b) of the Exchange Act by reason of such exercise.
Appears in 2 contracts
Sources: Stock Option Agreement (Chevron Corp), Stock Option Agreement (Texaco Inc)
Extension of Exercise Periods. The periods during which the Company Parent may exercise its rights under Sections 2 and 3 hereof, or Parent may exercise its rights under Section 2(g), hereof shall be extended in each such case at the request of the Company Parent to the extent necessary to avoid liability by the Company Parent under Section 16(b) of the Exchange Act by reason of such exercise.
Appears in 2 contracts
Sources: Stock Option Agreement (Honeywell Inc), Stock Option Agreement (Alliedsignal Inc)
Extension of Exercise Periods. The periods during which the Company may for exercise its of certain rights under Sections 2 and 3 hereof, or Parent may exercise its rights under Section 2(g), hereof shall be extended in each such case at the request of the Company Parent to the extent necessary to avoid liability by the Company Parent under Section 16(b) of the Exchange Act by reason of such exercise.
Appears in 2 contracts
Sources: Stock Option Agreement (Quaker Oats Co), Stock Option Agreement (Pepsico Inc)
Extension of Exercise Periods. The periods during which the Company Parent may exercise its rights under Sections 2 and 3 hereof, or Parent the Company may exercise its rights under Section 2(g), shall be extended in each such case at the request of the Company Parent to the extent necessary to avoid liability by the Company Parent under Section 16(b) of the Exchange Act by reason of such exercise.
Appears in 2 contracts
Sources: Stock Option Agreement (Chevron Corp), Stock Option Agreement (Texaco Inc)