Cash Settlement. Notwithstanding any provision of the Plan or the Agreement to the contrary, the Administrator may cause the Option or portion thereof to be canceled in consideration of an alternative award or cash payment of an equivalent cash value, as determined by the Administrator, made to the holder of such canceled Award.
Appears in 8 contracts
Samples: Nonqualified Stock Option Agreement (Bb&t Corp), Nonqualified Stock Option Agreement (Bb&t Corp), Nonqualified Stock Option Agreement (Bb&t Corp)
Cash Settlement. Notwithstanding any provision of the Plan or the this Agreement to the contrary, the Administrator may cause the Option or portion thereof to be canceled in consideration of an alternative award Award or cash payment of an equivalent cash value, as determined by the Administrator, made to the holder of such canceled AwardOption.
Appears in 6 contracts
Samples: Nonqualified Option Agreement (Bb&t Corp), Nonqualified Option Agreement (Bb&t Corp), Nonqualified Option Agreement (Bb&t Corp)
Cash Settlement. Notwithstanding any provision of the Plan or the this Agreement to the contrary, the Administrator may (subject to any requirements imposed under Code Section 409A, related regulations or other guidance) cause the Option (or portion thereof thereof) to be canceled cancelled in consideration of an alternative award or cash payment of an equivalent cash value, as determined by the AdministratorAdministrator in its sole discretion, made to the holder of such canceled AwardParticipant.
Appears in 4 contracts
Samples: Stock Option Agreement (Chanticleer Holdings, Inc.), Board Member Agreement (Pokertek Inc), Stock Option Agreement (Pokertek Inc)
Cash Settlement. Notwithstanding any other provision of the Plan or the this Agreement to the contrary, the Administrator may (subject to any requirements imposed under Code Section 409A, related regulations or other guidance) cause the Option or portion thereof to be canceled cancelled in consideration of an alternative award option or cash payment of an equivalent cash value, as determined by the AdministratorAdministrator in its sole discretion, made to the holder of such canceled AwardParticipant.
Appears in 3 contracts
Samples: Nonqualified Stock Option Agreement (Targacept Inc), Incentive Stock Option Agreement (Targacept Inc), Nonqualified Stock Option Agreement (Targacept Inc)
Cash Settlement. Notwithstanding any other provision of the Plan or the this Agreement to the contrary, the Administrator may (subject to any requirements imposed under Code Section 409A, related regulations or other guidance) cause the Option this Award or portion thereof to be canceled in consideration of an alternative award or cash payment of an equivalent cash value, as determined by the AdministratorAdministrator in its sole discretion, made to the holder of such canceled AwardParticipant.
Appears in 1 contract
