RESPONSIBILITY FOR EXERCISE Sample Clauses
The "Responsibility for Exercise" clause defines which party is accountable for properly carrying out a specific right, option, or obligation under the agreement. Typically, this clause clarifies that the party entitled to exercise a right—such as an option to renew a lease or purchase additional goods—must do so in accordance with the procedures and timelines set out in the contract. By specifying who must take action and how, the clause helps prevent disputes over missed opportunities or improper notifications, ensuring that both parties understand their roles and responsibilities regarding the exercise of contractual rights.
RESPONSIBILITY FOR EXERCISE. The Optionee hereby acknowledges that he or she is responsible for taking any and all actions as may be required to exercise this Option in a timely manner and for properly executing any such documents as may be required for exercise in accordance with such rules and procedures as may be established by the Committee from time to time. By signing this agreement the Optionee acknowledges that information regarding the procedures and requirements for this exercise of the Option is available upon request. The Company shall have not duty or obligation to notify the Optionee of the expiration date of this Option.
RESPONSIBILITY FOR EXERCISE. The Awardee hereby acknowledges that he or she is responsible for taking any and all actions as may be required to exercise this Option in a timely manner and for properly executing any such documents as may be required for exercise in accordance with such rules and procedures as may be established by the Committee from time to time. By signing this Agreement, the Awardee acknowledges that information regarding the procedures and requirements for exercise of the Option is available upon request. The Company shall have no duty or obligation to notify the Awardee of the date on which this Option will expire or otherwise terminate.
RESPONSIBILITY FOR EXERCISE. The Optionee is responsible for taking any and all actions as may be required to exercise the Stock Option in a timely manner and for properly executing any such documents as may be required for exercise in accordance with such rules and procedures as may be established from time to time. The Optionee acknowledges that information regarding the procedures and requirements for the exercise of the Stock Option is available to the Optionee on request. Neither the Company nor any Subsidiary or affiliated companies shall have any duty or obligation to notify you of the Expiration Date of the Option.
RESPONSIBILITY FOR EXERCISE. You are responsible for taking any and all actions as may be required to exercise the Option in a timely manner and for properly executing any such documents as may be required for exercise in accordance with such rules and procedures as may be established from time to time. By accepting the Option you acknowledge that information regarding the procedures and requirements for the exercise of the Option is available to you on request. Neither the Company nor any Affiliate shall have any duty or obligation to notify you of the expiration date of the Option.
RESPONSIBILITY FOR EXERCISE. You are responsible for taking any and all actions as may be required to exercise this Performance Option in a timely manner and for properly executing any such documents as may be required for exercise in accordance with such rules and procedures as may be established from time to time. By accepting this Performance Option you acknowledge that information regarding the procedures and requirements for the exercise of this Performance Option is available to you on request. The Company and/or any Participating Company shall have no duty or obligation to notify you of the expiration date of this Performance Option.