Common use of Amendments to Options Clause in Contracts

Amendments to Options. The Committee may waive any conditions or rights under, amend any terms of, or alter any Option theretofore granted, prospectively or retroactively; provided that any such waiver, amendment or alteration that would impair the rights of any Participant or any holder or beneficiary of any Option theretofore granted shall not to that extent be effective without the consent of the affected Participant, holder or beneficiary. In addition, with the consent of any Participant, holder or beneficiary, the Company may suspend, discontinue, cancel or terminate any Option theretofore granted, prospectively or retroactively

Amendments to Options. The Committee may waive any conditions or rights under, amend any terms of, or alter alter, suspend, discontinue, cancel or terminate, any Option theretofore granted, prospectively or retroactively; provided PROVIDED that any such waiver, amendment amendment, alteration, suspension, discontinuance, cancellation or alteration termination that would impair the rights of any Participant or any holder or beneficiary of any Option theretofore granted shall not to that extent be effective without the consent of the affected Participant, holder or beneficiary. In addition, with the consent of any Participant, holder or beneficiary, the Company may suspend, discontinue, cancel or terminate any Option theretofore granted, prospectively or retroactively.