Common use of Amendment, Suspension, Termination Clause in Contracts

Amendment, Suspension, Termination. By accepting this option, the Employee expressly warrants that he or she has received an option to purchase stock under the Plan, and has received, read and understood a description of the Plan. The Employee understands that the Plan is discretionary in nature and may be modified, suspended or terminated by the Company at any time.

Appears in 16 contracts

Samples: Non Qualified Stock Option Grant Agreement (Applied Materials Inc /De), Non Qualified Stock Option Grant Agreement (Applied Materials Inc /De), Non Qualified Stock Option Grant Agreement (Applied Materials Inc /De)

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Amendment, Suspension, Termination. By accepting this option, the Employee expressly warrants that he or she has received an option to purchase stock under the Plan, and has received, read and understood a description of the prospectus for the Plan. The Employee understands that the Plan is discretionary in nature and may be modified, suspended or terminated by the Company at any time.

Appears in 2 contracts

Samples: Nonqualified Stock Option Agreement (Lsi Logic Corp), Nonqualified Stock Option Agreement (Lsi Logic Corp)

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