Common use of Limits on Adjustments Clause in Contracts

Limits on Adjustments. No adjustment shall be made under this Section 7 which would, within the meaning of any applicable provision of the Code, constitute a modification, extension or renewal of this Option or a grant of additional benefits to the Employee.

Appears in 2 contracts

Samples: Incentive Stock Option Agreement (Global Eagle Entertainment Inc.), Incentive Stock Option Agreement (Tile Shop Holdings, Inc.)

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Limits on Adjustments. No adjustment shall be made under this Section 7 which would, within the meaning of any applicable provision of the Code, constitute a modification, extension or renewal of this Option or a grant of additional benefits to the EmployeeOptionee.

Appears in 2 contracts

Samples: Nonstatutory Stock Option Agreement (Global Eagle Entertainment Inc.), Nonstatutory Stock Option Agreement (Tile Shop Holdings, Inc.)

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Limits on Adjustments. No adjustment shall be made under this Section 7 6 which would, within the meaning of any applicable provision of the Code, constitute a modification, extension or renewal of this Option option or a grant of additional benefits to the EmployeeOptionee.

Appears in 1 contract

Samples: Stock Option Agreement (Telepad Corp)

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