Common use of Amendment of Option Clause in Contracts

Amendment of Option. The Board may amend, modify or terminate this Option, including but not limited to, substituting therefor another Option of the same or a different type, or changing the date of exercise or realization, provided that the Optionee’s consent to such action shall be required unless the Board or the Compensation Committee determines that the action, taking into account any related action, would not materially adversely affect the Optionee.

Appears in 3 contracts

Samples: Stock Option Agreement (Savient Pharmaceuticals Inc), Stock Option Agreement (Savient Pharmaceuticals Inc), Stock Option Agreement (Savient Pharmaceuticals Inc)

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Amendment of Option. The Board may amend, modify or terminate this Option, including but not limited to, substituting therefor another Option of the same or a different type, or changing the date of exercise or realization, provided that the Optionee’s 's consent to such action shall be required unless the Board or the Compensation Committee determines that the action, taking into account any related action, would not materially and adversely affect the Optionee.

Appears in 3 contracts

Samples: Stock Option Agreement (Boston Life Sciences Inc /De), Stock Option Agreement (Boston Life Sciences Inc /De), Boston Life Sciences Inc /De

Amendment of Option. The Board may amend, modify or terminate any this Optionoption, including but not limited to, substituting therefor herefor another Option stock incentive xxxx of the same or a different type, or changing the date of exercise or realization, provided that the OptioneeParticipant’s consent to such action shall be required unless the Board or the Compensation Committee determines that the action, taking into account any related action, would not materially and adversely affect the OptioneeParticipant.

Appears in 2 contracts

Samples: Nonstatutory Stock Option Agreement (Gensym Corp), Nonstatutory Stock Option Agreement (Gensym Corp)

Amendment of Option. The Board may amend, modify or terminate this Optionoption including, including but not limited to, substituting therefor another Option option of the same or a different type, or type and changing the date of exercise or realization, provided that that, the OptioneeEmployee’s consent to such action shall be required unless the Board or the Compensation Committee determines that the action, taking into account any related action, would not materially and adversely affect the OptioneeEmployee.

Appears in 2 contracts

Samples: Incentive Stock Option Agreement (Exact Sciences Corp), Incentive Stock Option Agreement (Exact Sciences Corp)

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Amendment of Option. The Board may amend, modify or terminate this Option, including but not limited to, substituting therefor another Option of the same or a different type, or changing the date of exercise or realization, provided that the Optionee’s consent to such action shall be required unless the Board or the Compensation Committee determines that the action, taking into account any related action, would not materially and adversely affect the Optionee.

Appears in 1 contract

Samples: Stock Option Agreement (Alseres Pharmaceuticals Inc /De)

Amendment of Option. The Board may amend, modify or terminate this Optionoption including, including but not limited to, substituting therefor therefore another Option option of the same or a different type, or and changing the date of exercise or realization, provided that that, the Optionee’s consent to such action shall be required unless the Board or the Compensation Committee determines that the action, taking into account any related action, would not materially and adversely affect the Optionee.

Appears in 1 contract

Samples: Exact Sciences Corp

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