Adjustments to Options. The parties acknowledge that (i) appropriate adjustments shall be made to the number and class of shares of Common Stock subject to the Option and to the exercise price in certain situations described in Section 4.5 of the Plan and (ii) adjustments to the rights of the Optionee might be made in the event of a Change of Control, as defined in Section 11.12 of the Plan.
Appears in 3 contracts
Samples: Non Qualified Stock Option Agreement (Centurytel Inc), Non Qualified Stock Option Agreement (Centurytel Inc), Non Qualified Stock Option Agreement (Centurytel Inc)
Adjustments to Options. The parties acknowledge that (i) appropriate adjustments shall be made to the number and class of shares of Common Stock subject to the Option and to the exercise price in certain situations described in Section 4.5 of the Plan and (ii) adjustments to the rights of the Optionee might be made in the event of a Change of Control, as defined in Section 11.12 9.13 of the Plan.
Appears in 2 contracts
Samples: Non Qualified Stock Option Agreement (Centurytel Inc), Non Qualified Stock Option Agreement (Centurytel Inc)
