Issuance of Stock Options. While any Event of Default has occurred and is continuing, enter into, or amend, any agreement that would require the Company or any Subsidiary to issue any stock options at any time, including upon the occurrence of any contingency; provided that this Section shall not prohibit an employment agreement in the ordinary course of business that would have the effect of subjecting an employee to a stock option plan applicable to other comparable employees, which plan is in existence on the Closing Date.
Appears in 2 contracts
Sources: Credit Agreement (Asbury Automotive Group Inc), Credit Agreement (Asbury Automotive Group Inc)