Adjustments for Unusual Events Clause Samples
The "Adjustments for Unusual Events" clause allows for modifications to the terms of an agreement when unexpected or extraordinary circumstances occur that could impact the parties' obligations. In practice, this clause may apply to events such as natural disasters, significant regulatory changes, or other unforeseeable incidents that disrupt normal business operations. Its core function is to provide flexibility and fairness by enabling the parties to renegotiate or adapt their commitments, thereby addressing risks associated with events beyond their control.
Adjustments for Unusual 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 Options in recognition of unusual or nonrecurring events affecting the Company, or the financial statements of the Company or any Affiliate, 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 Options or the Plan.
Adjustments for Unusual Events. The Company is authorized to make, in its discretion and without the consent of the Beneficiary, equitable adjustments in the terms and conditions of, and the criteria included in, the Stock Option in recognition of unusual or nonrecurring events affecting the Company, or the financial statements of the Company or any affiliate, or of changes in applicable laws, regulations, or accounting principles, whenever the Company 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 this Stock Option.
Adjustments for Unusual Events. The Board 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 Options in recognition of unusual or nonrecurring events affecting the Company, or the financial statements of the Company or any Affiliate, or of changes in applicable laws, regulations, or accounting principles, whenever the Board 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 Options.