Common use of Outstanding Options Clause in Contracts

Outstanding Options. There are no outstanding or authorized options, warrants, rights, contracts, calls, puts, rights to subscribe, conversion rights or other agreements or commitments to which Company is a party or which are binding upon Company providing for the issuance, transfer, disposition or acquisition of any of its capital stock; there are no outstanding or authorized equity appreciation, phantom stock or similar rights with respect to Company; and, there are no voting trusts, proxies or any other agreements or understandings with respect to the voting of the capital stock of Company.