Common use of Effect of Amendment or Termination Clause in Contracts

Effect of Amendment or Termination. Any such amendment or termination of the Plan shall not affect Options already granted and such Options shall remain in full force and effect as if this Plan had not been amended or terminated and shall be deemed to incorporate the terms of this Plan as it existed on the dates the Options were granted.

Appears in 4 contracts

Samples: Stock Option Agreement (Chase Arnold L), Stock Option Agreement (Chase Arnold L), Stock Option Agreement (Chase Cheryl A)

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Effect of Amendment or Termination. Any such amendment or termination of the Plan shall not affect Options already granted and such Options shall remain in full force and effect as if this Plan had not been amended or terminated terminated, unless mutually agreed otherwise between the Optionee and shall the Board, which agreement must be deemed to incorporate in writing and signed by the terms of this Plan as it existed on Optionee and the dates the Options were grantedCompany.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Airport Systems International Inc)

Effect of Amendment or Termination. Any such Except as otherwise provided in Section 9 of the Plan, any amendment or termination of the Plan shall not affect Options already granted and such Options shall remain in full force and effect as if this the Plan had not been amended or terminated terminated, unless mutually agreed otherwise between the Optionee and shall the Company, which agreement must be deemed to incorporate in writing and signed by the terms of this Plan as it existed on Optionee and the dates the Options were grantedCompany.

Appears in 1 contract

Samples: Stock Option Agreement (Gtsi Corp)

Effect of Amendment or Termination. Any such amendment or termination of the Plan shall not affect Options already granted and such Options shall remain in full force and effect as if this Plan had not been amended or terminated terminated, unless mutually agreed otherwise between the Option Holder and shall the Board, which agreement must be deemed to incorporate in writing and signed by the terms of this Plan as it existed on Option Holder and the dates the Options were grantedCompany.

Appears in 1 contract

Samples: Directors' Option Adjustment Plan (Vital Images Inc)

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Effect of Amendment or Termination. Any such amendment or ---------------------------------- termination of the Plan shall not affect Options already granted and such Options shall remain in full force and effect as if this Plan had not been amended or terminated and shall be deemed to incorporate the terms of this Plan as it existed on the dates the Options were grantedterminated.

Appears in 1 contract

Samples: Stock Option Agreement (Four Media Co)

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