Common use of No Exercise Clause in Contracts

No Exercise. During the term of this Agreement, each of ▇▇▇▇ ▇. ▇▇▇▇▇, ▇▇▇▇ ▇▇▇▇▇▇▇ and ▇▇▇▇▇▇▇ ▇. ▇▇ ▇▇▇▇▇▇▇▇ (for his own account solely as to himself on a several basis) agrees not to exercise any Options except with Parent’s prior written consent.

Appears in 2 contracts

Sources: Tender and Support Agreement (Actavis PLC), Tender and Support Agreement (Durata Therapeutics, Inc.)