Common use of Assumption or Substitution of Awards Clause in Contracts

Assumption or Substitution of Awards. Notwithstanding anything contained in the Plan to the contrary, the Committee may, in its sole discretion, provide that an Award may be assumed by any entity which acquires control of the Company or may be substituted by a similar award under such entity's compensation plans.

Appears in 10 contracts

Samples: 2010 Equity Incentive Plan (Cardo Medical, Inc.), Incentive Compensation Plan (Cognizant Technology Solutions Corp), 1997 Performance and Equity Incentive Plan (Intek Global Corp)

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Assumption or Substitution of Awards. Notwithstanding anything contained in the Plan to the contrary, the Committee may, in its sole discretion, provide that an Award may be assumed by any entity which acquires control of the Company or may be substituted by a similar award under such entity's ’s compensation plans.

Appears in 1 contract

Samples: Equity Incentive Plan (Opko Health, Inc.)

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