Compliance With Code Section 162(m). Notwithstanding any provision of the Plan to the contrary, if the Administrator determines that compliance with Section 162(m) of the Code is required or desired, all Options granted under the Plan to Named Executive Officers will comply with the requirements of Section 162(m) of the Code. In addition, in the event that changes are made to Section 162(m) of the Code to permit greater flexibility with respect to any Options under the Plan, the Administrator may make any adjustments it deems appropriate.
Appears in 5 contracts
Samples: Incentive Stock Option Agreement (Flux Power Holdings, Inc.), Non Qualified Stock Option Agreement (Flux Power Holdings, Inc.), Incentive Stock Option Agreement (Flux Power Holdings, Inc.)
Compliance With Code Section 162(m). Notwithstanding any provision of the Plan to the contrary, if At all times when the Administrator determines that compliance with Code Section 162(m) of the Code is required or desired, all Options this Option if granted under the Plan to a Named Executive Officers Officer will comply with the requirements of Section 162(m) of the Code). In addition, in the event that changes are made to Section 162(m) of the Code to permit greater flexibility with respect to any Options under the Planthis Option, the Administrator may may, subject to this provision make any adjustments it deems appropriate.
Appears in 1 contract
Samples: Nonqualified Stock Option Agreement (Solar Power, Inc.)
