Common use of Adjustments for Other Events Clause in Contracts

Adjustments for Other Events. The Administrator is authorized to make, in its discretion and without the consent of the Optionee, adjustments in the terms and conditions of, and the criteria included in, the Option in recognition of unusual or nonrecurring events affecting the Corporation, or the financial statements of the Corporation, or of changes in applicable laws, regulations, or accounting principles, whenever the Administrator determines that such adjustments are appropriate in order to prevent dilution or enlargement of the benefits or potential benefits intended to be made available under the Option or the Plan.

Appears in 21 contracts

Samples: Non Qualified Stock Option Grant Agreement (Go-Page Corp), Stock Option Grant Agreement (Go-Page Corp), Qualified Stock Option Grant Agreement (Scio Diamond Technology Corp)

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Adjustments for Other Events. The Administrator is authorized to make, in its discretion and without the consent of the Optionee, adjustments in the terms and conditions of, and the criteria included in, the Option Options in recognition of unusual or nonrecurring events affecting the CorporationCompany, or the financial statements of the CorporationCompany, or of changes in applicable laws, regulations, or accounting principles, whenever the Administrator determines that such adjustments are appropriate in order to prevent dilution or enlargement of the benefits or potential benefits intended to be made available under the Option Options or the Plan.

Appears in 4 contracts

Samples: Stock Option Grant Agreement (WSB Holdings Inc), Incentive Stock Option Grant Agreement (WSB Holdings Inc), Stock Option Grant Agreement (WSB Holdings Inc)

Adjustments for Other Events. The Administrator is authorized to make, in its discretion and without the consent of the Optionee, adjustments in the terms and conditions of, and the criteria included in, the Option Options in recognition of unusual or nonrecurring events affecting the Corporation, or the financial statements of the Corporation, or of changes in applicable laws, regulations, or accounting principles, whenever the Administrator determines that such adjustments are appropriate in order to prevent dilution or enlargement of the benefits or potential benefits intended to be made available under the Option Options or the Plan.

Appears in 4 contracts

Samples: Stock Option Grant Agreement (Mechanical Technology Inc), Incentive Stock Option Grant Agreement (Mechanical Technology Inc), Incentive Stock Option Grant Agreement (Howard Bancorp Inc)

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Adjustments for Other Events. The Administrator is authorized to make, in its discretion and without the consent of the OptioneeDirector, adjustments in the terms and conditions of, and the criteria included in, the Option in recognition of unusual or nonrecurring events affecting the Corporation, or the financial statements of the Corporation, or of changes in applicable laws, regulations, or accounting principles, whenever the Administrator determines that such adjustments are appropriate in order to prevent dilution or enlargement of the benefits or potential benefits intended to be made available under the Option or the Plan.

Appears in 1 contract

Samples: Stock Option Grant Agreement (Scio Diamond Technology Corp)

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