Amendment of the Plan. A. The Board shall have complete and exclusive power and authority to amend or modify the Plan in any or all respects. However, no such amendment or modification shall adversely affect the rights and obligations with respect to stock options or unvested stock issuances at the time outstanding under the Plan unless the Optionee or the Participant consents to such amendment or modification. In addition, certain amendments may require stockholder approval pursuant to applicable laws or regulations.
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Samples: Agreement and Plan of Merger (Discovery Laboratories Inc /De/), Agreement and Plan of Merger (Discovery Laboratories Inc)
Amendment of the Plan. A. The Board shall have complete and exclusive power and authority to amend or modify the Plan in any or all respects. However, no such amendment or modification shall adversely affect the rights and obligations with respect to stock options or unvested stock issuances at the time outstanding under the Plan unless the Optionee or the Participant consents to such amendment or modification. In addition, certain amendments may require stockholder shareholder approval pursuant to applicable laws or and regulations.
Appears in 1 contract
Amendment of the Plan. A. a. The Board shall have complete and exclusive power and authority to amend or modify the Plan in any or all respects. However, no such amendment or modification shall adversely affect the any rights and obligations with respect to stock options or unvested stock issuances at the time outstanding under the Plan unless the each affected Optionee or the Participant consents to such amendment or modification. In addition, certain amendments may require stockholder to the Plan shall be subject to approval pursuant of the Corporation's stockholders to the extent required by applicable laws or regulations.
Appears in 1 contract
Samples: Executive Employment Agreement (Sportsnuts Com International Inc)
Amendment of the Plan. A. The Board shall have complete and exclusive power and authority to amend or modify the Plan in any or all respects. However, no such amendment or modification shall shall, without the consent of the Optionees, adversely affect the their rights and obligations with respect to stock options or unvested stock issuances at the time under their outstanding under the Plan unless the Optionee or the Participant consents to such amendment or modificationoptions. In addition, certain amendments may require stockholder approval pursuant to applicable laws or regulations.the Board shall not, without the
Appears in 1 contract
Samples: Stock Purchase Agreement (Vista Medical Technologies Inc)