Common use of Outstanding Option Clause in Contracts

Outstanding Option. The option granted to the Optionee under this Agreement shall not be affected by any option previously granted to him to purchase Shares of the Company, if any.

Appears in 2 contracts

Sources: Option Agreement (Microtel International Inc), Option Agreement (Microtel International Inc)

Outstanding Option. The option Option granted to the Optionee under this Agreement shall not be affected by any option previously granted to him to purchase Shares of the Company, if any.

Appears in 1 contract

Sources: Option Agreement (Driver Passport, Inc.)