Common use of Effect of Amendment or Termination Clause in Contracts

Effect of Amendment or Termination. No amendment, alteration, ---------------------------------- suspension or termination of the Plan shall impair the rights of any Optionee, unless mutually agreed otherwise between the Optionee and the Administrator, which agreement must be in writing and signed by the Optionee and the Company.

Appears in 3 contracts

Samples: Stock Option Agreement (Clinicor Inc), Stock Option Agreement (Clinicor Inc), Stock Option Agreement (Clinicor Inc)

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Effect of Amendment or Termination. No amendment, alteration, ---------------------------------- suspension or termination of the Plan shall impair the rights of any Optionee, unless mutually agreed otherwise between the Optionee and the Administrator, which agreement must be in writing and signed by the Optionee and the Company.

Appears in 3 contracts

Samples: cypress.gcs-web.com, 1996 Nonstatutory Stock Option Plan and Stock Option Agreement (Metatools Inc), Nonqualified Stock Option Agreement (First Horizon Pharmaceutical Corp)

Effect of Amendment or Termination. No amendment, alteration, ---------------------------------- suspension or termination of the Plan shall impair the rights of any Optionee, unless mutually agreed otherwise between the Optionee and the Administrator, which agreement must be in writing and signed by the Optionee and the Company. Termination of the Plan shall not affect the Administrator’s ability to exercise the powers granted to it hereunder with respect to Options, Restricted Stock Units and Stock Purchase Rights granted under the Plan prior to the date of such termination.

Appears in 2 contracts

Samples: Medtronic Inc, Medtronic Inc

Effect of Amendment or Termination. No amendment, alteration, ---------------------------------- suspension or termination of the Plan shall impair the rights of any Optionee, unless mutually agreed otherwise between the Optionee and the Administrator, which agreement must be in writing and signed by the Optionee and the Company. Termination of the Plan shall not affect the Administrator's ability to exercise the powers granted to it hereunder with respect to Substitute Options granted under the Plan prior to the date of such termination.

Appears in 1 contract

Samples: St Assembly Test Services LTD

Effect of Amendment or Termination. No amendment, alteration, ---------------------------------- suspension alteration or termination of the Plan this Option Agreement shall impair the rights of any the Optionee, unless mutually agreed otherwise between the Optionee and the Administrator, which agreement must be in writing and signed by the Optionee and the Company.

Appears in 1 contract

Samples: Stock Option Agreement (Medimmune Inc /De)

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Effect of Amendment or Termination. No amendment, alteration, ---------------------------------- suspension or termination of the Plan shall impair the rights of any Optionee, unless mutually agreed otherwise between the Optionee and the Administrator, which agreement must be in writing and signed by the Optionee and the Company. Termination of the Plan shall not affect the Administrator's ability to exercise the powers granted to it hereunder with respect to Options granted under the Plan prior to the date of such termination.

Appears in 1 contract

Samples: Stock Option Agreement (Cadence Design Systems Inc)

Effect of Amendment or Termination. No amendment, alteration, ---------------------------------- suspension or termination of the Plan shall impair the rights of any Optionee, unless mutually agreed otherwise between the Optionee and the Administrator, which agreement must be in writing and signed by the Optionee and the Company. Termination of the Plan shall not affect the Administrator's ability to exercise the powers granted to it hereunder with respect to options granted under the Plan prior to the date of such termination.

Appears in 1 contract

Samples: Stock Option Agreement (Efficient Networks Inc)

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