Adjustment of Options. (a) The number of Shares issuable upon exercise of this Option, or the amount and kind of other securities issuable in addition thereto or in lieu thereof upon the occurrence of the events specified in Section 1.5 of the Plan, shall be determined and subject to adjustment, as the case may be, in accordance with the procedures therein specified. (b) Fractional shares resulting from any adjustment in options pursuant to this Section may be settled in cash or otherwise as the Committee shall determine. Notice of any adjustment in this Option shall be given by the Corporation to the holder of this Option and such adjustment (whether or not such notice is given) shall be effective and binding for all purposes of the Plan.
Appears in 4 contracts
Samples: Nonqualified Stock Option Agreement (Connectivity Technologies Inc), Nonqualified Stock Option Agreement (Connectivity Technologies Inc), Incentive Stock Option Agreement (Tigera Group Inc)
Adjustment of Options. (a) The number of Shares issuable upon exercise of this Option, or the amount and kind of other securities issuable in addition thereto or in lieu thereof upon the occurrence of the events specified in Section 1.5 8 of the Plan, shall be determined and subject to adjustment, as the case may be, in accordance with the procedures therein specified.
(b) Fractional shares resulting from any adjustment in options pursuant to this Section section may be settled in cash or otherwise as the Committee shall determine. Notice of any adjustment in this Option shall be given by the Corporation to the each holder of this Option an option which shall have been so adjusted, and such adjustment (whether or not such notice is given) shall be effective and binding for all purposes of the Plan.
Appears in 3 contracts
Samples: Non Incentive Stock Option Agreement (Swiss Army Brands Inc), Incentive Stock Option Agreement (Swiss Army Brands Inc), Non Incentive Stock Option Agreement (Swiss Army Brands Inc)
Adjustment of Options. (a) The number of Shares issuable upon exercise of this Option, or the amount and kind of other securities issuable in addition thereto or in lieu thereof upon the occurrence of the events specified in Section 1.5 9 of the Plan, shall be determined and subject to adjustment, as the case may be, in accordance with the procedures therein specified.
(b) Fractional shares resulting from any adjustment in options pursuant to this Section Paragraph may be settled in cash or otherwise as the Committee Corporation shall determine. Notice of any adjustment in this Option shall be given by the Corporation to the holder of this Option and such adjustment (whether or not such notice is given) shall be effective and binding for all purposes of the PlanPlan and this Agreement.
Appears in 2 contracts
Samples: Stock Option Agreement (Sel-Leb Marketing Inc), Stock Option Agreement (Telehublink Corp)
Adjustment of Options. (a) The number of Shares issuable upon exercise of this Option, or the amount and kind of other securities issuable in addition thereto or in lieu thereof upon the occurrence of the events specified in Section 1.5 of the Plan, shall be determined and subject to adjustment, as the case may be, in accordance with the procedures therein specified.
(b) Fractional shares resulting from any adjustment in options pursuant to this Section may be settled in cash or otherwise as the Committee shall determine. Notice of any adjustment in this Option shall be given by the Corporation to the holder of this Option and such adjustment (whether or not such notice is given) shall be effective and binding for all purposes of the Plan.not
Appears in 1 contract
Samples: Nonqualified Stock Option Agreement (Tigera Group Inc)
Adjustment of Options. (a) The number of Shares issuable upon exercise of this Option, or the amount and kind of other securities issuable in addition thereto or in lieu thereof upon the occurrence of the events specified in Section 1.5 of the Plan, shall be determined and subject to adjustment, as the case may be, in accordance with the procedures therein specified.
(b) Fractional shares resulting from any adjustment in options pursuant to this Section may be settled in cash or otherwise as the Committee shall determine. Notice of any adjustment in this Option shall be given by the Corporation to the holder of this Option and such adjustment (whether or not such notice is given) shall be effective and binding for all purposes of the Plan.of
Appears in 1 contract
Samples: Nonqualified Stock Option Agreement (Tigera Group Inc)
Adjustment of Options. (a) The number of Shares issuable upon exercise of this Option, or the amount and kind of other securities issuable in addition thereto or in lieu thereof upon the occurrence of the events specified in Section 1.5 9 of the Plan, shall be determined and subject to adjustment, as the case may be, in accordance with the procedures therein specified.
(b) Fractional shares resulting from any adjustment in options pursuant to this Section may be settled in cash or otherwise as the Stock Option and Compensation Committee shall determine. Notice of any adjustment in this Option shall be given by the Corporation to the holder of this Option and such adjustment (whether or not such notice is given) shall be effective and binding for all purposes of the Plan.
Appears in 1 contract
