Common use of Extension of Stock Option Exercise Period Clause in Contracts

Extension of Stock Option Exercise Period. Notwithstanding anything to the contrary in this Agreement, in the event any extended exercise period provided for in this Agreement shall result in a portion of a stock option becoming subject to the provisions of Section 409A of the Code, the extended exercise period of such portion of such stock option shall be automatically shortened to the minimum extent necessary to prevent such portion of such option from becoming subject to Section 409A of the Code. In further limitation of any provisions providing for an extended exercise period, the following provisions shall apply:

Appears in 9 contracts

Samples: Executive Officer Benefits Agreement (Power Integrations Inc), Executive Officer Benefits Agreement (Power Integrations Inc), Executive Officer Benefits Agreement (Power Integrations Inc)

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Extension of Stock Option Exercise Period. Notwithstanding anything to the contrary in this Agreement, in the event any extended exercise period provided for in this Agreement shall result in a portion of a stock option becoming subject to the provisions of Section 409A of the Code409A, the extended exercise period of such portion of such stock option shall be automatically shortened to by the minimum extent necessary to prevent such portion of such option from becoming subject to Section 409A of the Code. 409A. In further limitation of any provisions providing for an extended exercise period, the following provisions shall apply, and shall supersede anything to the contrary set forth herein:

Appears in 9 contracts

Samples: Executive Officer Benefits Agreement (Power Integrations Inc), Executive Officer Benefits Agreement (Power Integrations Inc), Executive Officer Benefits Agreement (Power Integrations Inc)

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Extension of Stock Option Exercise Period. Notwithstanding anything to the contrary in this Agreement, in the event any extended exercise period provided for in this Agreement shall result in a portion of a stock option becoming subject to the provisions of Section 409A of the Code409A, the extended exercise period of such portion of such stock option shall be automatically shortened to by the minimum extent necessary to prevent such portion of such option from becoming subject to Section 409A of the Code. In further limitation of any provisions providing for an extended exercise period, the following provisions shall apply:Section

Appears in 1 contract

Samples: Executive Officer Benefits Agreement (Power Integrations Inc)

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