Common use of Adjustment of Option Clause in Contracts

Adjustment of Option. The number and type of shares awarded pursuant to this Option, and the exercise price thereof, may be adjusted by the Board in accordance with Section 4.4 of the Plan to reflect certain corporate transactions, which affect the number, type or value of the Stock.

Appears in 5 contracts

Samples: Stock Option Award Agreement (Friendly Ice Cream Corp), 2003 Incentive Plan (Friendly Ice Cream Corp), Board of Directors Stock Option Award Agreement (Friendly Ice Cream Corp)

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Adjustment of Option. The number and type of shares Shares awarded pursuant to this Option, and the exercise price thereof, may be adjusted by the Board Committee in accordance with Section 4.4 the terms of the Plan to reflect certain corporate transactions, transactions which affect the number, type or value of the StockShares.

Appears in 1 contract

Samples: Non Qualified Share Option Agreement (Archstone Smith Trust)

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