Common use of Effect of Certain Changes in Status Clause in Contracts

Effect of Certain Changes in Status. Notwithstanding the other terms of the Plan or this Agreement, the Administrator has the sole discretion to determine (taking into account any Code Section 409A considerations), at the time of grant of the Award or at any time thereafter, the effect, if any, on the Award (including but not limited to modifying the vesting and/or earning of the Award) if the Participant’s status as an Employee, Director or Consultant changes, including but not limited to a change from full-time to part-time, or vice versa, or if other similar changes in the nature or scope of the Participant’s employment or service occur.

Appears in 7 contracts

Samples: Performance Based Restricted Stock Unit Award Agreement (Akoustis Technologies, Inc.), Restricted Stock Unit Agreement (Akoustis Technologies, Inc.), Restricted Stock Award Agreement (Akoustis Technologies, Inc.)

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Effect of Certain Changes in Status. Notwithstanding the other terms of the Plan or this Agreement, the Administrator has the sole discretion to determine (taking into account any Code Section 409A considerations), at the time of grant of the Award Option or at any time thereafter, the effect, if any, on the Award Option (including but not limited to modifying the vesting and/or earning exercisability of the AwardOption) if the Participant’s status as an Employee, Director or Consultant changes, including but not limited to a change from full-time to part-time, or vice versa, or if other similar changes in the nature or scope of the Participant’s employment or service occur.

Appears in 4 contracts

Samples: Nonqualified Stock Option Agreement (Akoustis Technologies, Inc.), Nonqualified Stock Option Agreement (Akoustis Technologies, Inc.), Stock Option Agreement (Akoustis Technologies, Inc.)

Effect of Certain Changes in Status. Notwithstanding the other terms of the Plan or this Agreement, the Participant acknowledges that the Administrator has the sole discretion to determine (taking into account any Code Section 409A considerations), at the time of grant of the Award or at any time thereafter, the effect, if any, on the Award (including but not limited to modifying the vesting and/or earning of the Award) if any changes in the Participant’s status as an Employee, Director or Consultant changesemployee, including but not limited to a change from full-time to part-time, or vice versa, or if other similar changes in the nature or scope of the Participant’s employment or service occuremployment, on the Award (including but not limited to modifying the vesting and/or earning of the Award).

Appears in 2 contracts

Samples: Restricted Stock Unit Agreement (Old Dominion Freight Line, Inc.), Restricted Stock Unit Agreement (Old Dominion Freight Line Inc/Va)

Effect of Certain Changes in Status. Notwithstanding the other terms of the Plan or this Agreement, the Administrator has the sole discretion to determine (taking into account any Code Section 409A considerations), at the time of grant of the Award or at any time thereafter, the effect, if any, on the Award (including but not limited to modifying the vesting and/or earning of the Award) if any changes in the Participant’s status as an Employee, Director or Consultant changesemployee, including but not limited to a change from full-time to part-time, or vice versa, or if other similar changes in the nature or scope of the Participant’s employment or service occuremployment, on the Award (including but not limited to modifying the vesting and/or earning of the Award).

Appears in 2 contracts

Samples: Restricted Stock Award Agreement (Old Dominion Freight Line, Inc.), Restricted Stock Award Agreement (Old Dominion Freight Line Inc/Va)

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Effect of Certain Changes in Status. Notwithstanding the other terms of the Plan or this Agreement, the Administrator has the sole discretion to determine (taking into account any Code Section 409A considerations), at the time of grant of the Award or at any time thereafter, the effect, if any, on the Award (including but not limited to modifying the vesting and/or earning of the Award) if the Participant’s status as an Employee, a Director or Consultant changes, including but not limited to a change from full-time to part-time, or vice versa, changes or if other similar changes in the nature or scope of the Participant’s employment or service occur.

Appears in 1 contract

Samples: Director Restricted Stock Unit Agreement (Akoustis Technologies, Inc.)

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