Common use of New Options Clause in Contracts

New Options. If, after the date hereof, the persons listed in the Schedule B hereto (the “Officers”) are to directly or indirectly acquire the Share of the Company or its subsidiaries through Stock Plan (the “New Options”), the Company will include in the agreements granting the New Options covenants that the Officers will carry out their duties of loyalty and confidentiality and covenant not to compete, the breach of which covenants will cause the forfeiture of New Options and liability for breach of contracts.

Appears in 2 contracts

Sources: Shareholder Agreement (360 Finance, Inc.), Shareholder Agreement (360 Finance, Inc.)