Common use of Amendment of an Option Clause in Contracts

Amendment of an Option. The Option may be amended by the Board at any time (i) if the Board determines, in its sole discretion, that amendment is necessary or advisable in the light of any addition to or change in the Code or in the regulations issued thereunder, or any federal or state securities law or other law or regulation, which change occurs after the Date of Grant and by its terms applies to the Option; or (ii) other than in the circumstances described in clause (i), with the consent of the Grantee.

Amendment of an Option. The Option may be amended by the Board at any time (i) if the Board determines, in its sole discretion, that amendment is necessary or advisable in the light of any addition to or change in the Code or in the regulations issued thereunder, or any federal or state securities law or other law or regulation, which change occurs after the Date of Grant and by its terms applies to the Option; or (ii) other than in the circumstances described in clause (i), with the consent of the Grantee.the

Amendment of an Option. The An Option may be amended by the Board at any time (i) if the Board determines, in its sole discretion, that amendment is necessary or advisable in I the light of any addition to or change in the Code or in the regulations issued thereunder, or any federal or state securities law or other law or regulation, which change occurs after the Option Date of Grant and by its terms applies to the Option; Option or (ii) other than in the circumstances described in clause (i), with the consent of the GranteeParticipant.