Amendment of Outstanding Options. The Board may amend any Option with the consent of the affected Optionee and the Exchange, if required, including any shareholder approval required by the Exchange Policies or applicable Securities Laws.
Amendment of Outstanding Options. The Committee may amend or modify any Option; provided, however, that except as expressly contemplated elsewhere herein, no amendment or modification shall impair the rights of Grantee without the consent of Grantee unless the holders of 80% of all Options (based upon the number of Option Shares to be obtained upon exercise) granted by the Company pursuant to the Option Agreements consent to such amendment in writing and such amendment affects all Grantees under the Option Agreements similarly. No amendment or modification to this Option Agreement shall be valid without the prior written consent of Steep Investor L.L.C.
Amendment of Outstanding Options. The Committee may amend or modify any Option; provided, however, that except as expressly contemplated elsewhere herein, no amendment or modification shall impair the rights of Grantee without the consent of Grantee unless the holders of 80% of all Options (based upon the number of Option Shares to be obtained upon exercise) granted by the Company pursuant to the Option Agreements consent to such amendment in writing and such amendment affects all Grantees under the Option Agreements similarly. No amendment or modification to this Option Agreement shall be valid without the prior written consent of Sleep Investor L.L.C.
Amendment of Outstanding Options. The Committee may amend or modify any Option in any manner to the extent that the Committee would have had the authority under the Plan initially to grant such Option; provided that, except as expressly contemplated elsewhere herein or in any agreement evidencing such Option, no such amendment or modification shall impair the rights of any Participant under any outstanding Option without the written consent of such Participant.
Amendment of Outstanding Options. Each of the options to purchase shares of Common Stock of the Company (each, an “Option”) currently held by Employee and listed on Exhibit A hereto shall be amended as of, and effective upon, the Effective Date to provide that the post-termination exercise period for each such Option currently held by Employee and listed on Exhibit A hereto shall be extended to the maximum extent possible under the terms and the applicable stock option plan under which such Option was granted to allow Employee to exercise each such Option until the expiration date of such Option listed on Exhibit A hereto.
Amendment of Outstanding Options. The Company will not amend the terms or provisions of its Amended and Restated 1994 Stock Option Plan, 1996 Outside Directors Stock Option Plan, 1996 Employee Stock Purchase Plan, 1997 Nonstatutory Stock Option Plan, 1998 Employee Stock Purchase Plan, any option agreements outstanding thereunder or any other plan or agreement under which options to employees or directors are outstanding as of the Issue Date (collectively the "Plans"), if such amendment would result in (i) a decrease in the per share exercise price, or (ii) an increase in the number of shares for which the options might be exercised, of any options outstanding as of the Issue Date under the Plans, other than as provided for by the terms and provisions of the Plans as in effect on the Issue Date.
