Adjustments for Events Affecting Stock. In the event of changes affecting the Company, the capitalization of the Company or the Common Stock of the Company by reason of any stock dividend, spin-off, split-up, recapitalization, merger, consolidation, business combination or exchange of shares and the like, the Administrator shall, in his discretion, make appropriate adjustments to the number, kind and price of Shares covered by this Option, and shall, in its discretion and without the consent of the Employee, make any other adjustments to this Option, including but not limited to reducing the number of Shares subject to the Option or providing or mandating alternative settlement methods such as settlement of the Option in cash or in shares of Stock or other securities of the Company or of any other entity, or in any other matters which relate to the Option as the Administrator shall, in its sole discretion, determine to be necessary or appropriate.
Appears in 2 contracts
Samples: Incentive Stock Option Grant Agreement, Incentive Stock Option Grant Agreement (Concur Technologies Inc)
Adjustments for Events Affecting Stock. In the event of changes affecting in the Company, the capitalization of the Company or the Common Stock of the Company by reason of any stock dividend, spin-off, split-up, recapitalization, merger, consolidation, business combination or exchange of shares and the like, the Administrator shall, in his its discretion, make appropriate adjustments to the number, kind kind, and price of Shares shares covered by this Option, and shall, in its discretion and without the consent of the EmployeeOptionee, make any other adjustments to in this Option, including but not limited to reducing the number of Shares shares subject to the Option or providing or mandating alternative settlement methods such as settlement of the Option in cash or in shares of Stock or other securities of the Company or of any other entity, or in any other matters which relate to the Option as the Administrator shall, in its sole discretion, determine to be necessary or appropriate.
Appears in 2 contracts
Samples: Consultant Stock Option Grant Agreement (Cdknet Com Inc), Employee Stock Option Grant Agreement (Cdknet Com Inc)
Adjustments for Events Affecting Stock. In the event of changes affecting in the Company, the capitalization of the Company or the Common Stock of the Company by reason of any stock dividend, spin-off, split-up, recapitalization, merger, consolidation, business combination or exchange of shares and the like, the Administrator shall, in his its discretion, make appropriate adjustments to the number, kind kind, and price of Shares shares covered by this Option, and shall, in its discretion and without the consent of the EmployeeOptionee, make any other adjustments to in this Option, including but not limited to reducing the number of Shares shares subject to the Option or providing or mandating alternative settlement methods such as settlement of the Option in cash or in shares of Stock or other securities of the Company or of any other entity, or in any other matters which relate to the Option as the Administrator shall, in its sole discretion, determine to be necessary or appropriate; in each and every case consistent with Section 12 of the Plan.
Appears in 1 contract
Adjustments for Events Affecting Stock. In the event of changes affecting the Company, the capitalization of the Company or the Common Stock of the Company by reason of any stock dividend, spin-off, split-up, recapitalization, merger, consolidation, business combination or exchange of shares and the like, the Administrator shall, in his discretion, make appropriate adjustments to the number, kind and price of Shares covered by this Option, and shall, in its discretion and without the consent of the EmployeeOptionee, make any other adjustments to this Option, including but not limited to reducing the number of Shares subject to the Option or providing or mandating alternative settlement methods such as settlement of the Option in cash or in shares of Stock or other securities of the Company or of any other entity, or in any other matters which relate to the Option as the Administrator shall, in its sole discretion, determine to be necessary or appropriate.
Appears in 1 contract
Samples: Nonstatutory Stock Option Grant Agreement (Concur Technologies Inc)