Certain Other Events. If any event occurs after the date of issuance of the Option as to which the foregoing provisions of this Paragraph 17 are not strictly applicable or, if strictly applicable, would not, in the good faith judgment of the Committee, fairly protect the purchase rights of the Employee in accordance with the essential intent and principles of such provisions, then the Committee shall make such adjustments in the application of such provisions, in accordance with such essential intent and principles, as shall be reasonably necessary, in the good faith opinion of the Committee, to protect such purchase rights as aforesaid.
Appears in 5 contracts
Samples: Nonqualified Stock Option Grant Agreement (Chancellor Media Corp/), Nonqualified Stock Option Grant Agreement (Chancellor Media Corp/), Grant Agreement (Chancellor Media Corp/)
