Common use of Modification, Extension and Renewal of Options Clause in Contracts

Modification, Extension and Renewal of Options. The Board or Committee, as described in the Plan, may modify, extend or renew this Option or accept the surrender thereof (to the extent not theretofore exercised) and authorize the granting of a new option in substitution therefore (to the extent not theretofore exercised), subject at all times to the Plan and the Code. Notwithstanding the foregoing provisions of this Section 12, no modification shall, without the consent of the Optionee, alter to the Optionee's detriment or impair any rights of Optionee hereunder.

Appears in 5 contracts

Samples: Nonstatutory Stock Option Agreement (Evolucia Inc.), Nonstatutory Stock Option Agreement (AMP Holding Inc.), Nonstatutory Stock Option Agreement (Sunovia Energy Technologies Inc)

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Modification, Extension and Renewal of Options. The Board or Committee, as described in the Plan, may modify, extend or renew this Option or accept the surrender thereof (to the extent not theretofore exercised) and authorize the granting of a new option in substitution therefore (to the extent not theretofore exercised), subject at all times to the Plan Plan, the Code and the Codecorporate securities rules of Nevada. Notwithstanding the foregoing provisions of this Section 12, no modification shall, without the consent of the Optionee, alter to the Optionee's ’s detriment or impair any rights of Optionee hereunder.

Appears in 5 contracts

Samples: Nonstatutory Stock Option Agreement (Octillion Corp), Nonstatutory Stock Option Agreement (Octillion Corp), Nonstatutory Stock Option Agreement (Octillion Corp)

Modification, Extension and Renewal of Options. The Board or Committee, as described in the Plan, may modify, extend or renew this Option or accept the surrender thereof (to the extent not theretofore exercised) and authorize the granting of a new option in substitution therefore (to the extent not theretofore exercised), subject at all times to the Plan Plan, the Code and the Codecorporate securities rules of Nevada. Notwithstanding the foregoing provisions of this Section 1211, no modification shall, without the consent of the Optionee, alter to the Optionee's ’s detriment or impair any rights of Optionee hereunder.

Appears in 3 contracts

Samples: Nonstatutory Stock Option Agreement (Phytomedical Technologies Inc), Nonstatutory Stock Option Agreement (Phytomedical Technologies Inc), Nonstatutory Stock Option Agreement (Phytomedical Technologies Inc)

Modification, Extension and Renewal of Options. The Board or Committee, as described in the Plan, may modify, extend or renew this Option or accept the its surrender thereof (to the extent not theretofore yet exercised) and authorize the granting of a new option in substitution therefore for it (to the extent not theretofore yet exercised), subject at all times to the Plan and the Code. Notwithstanding the foregoing provisions of this Section 12, no modification shall, without the consent of the Optionee, alter to the Optionee's detriment or impair any rights of Optionee hereunderunder this Agreement.

Appears in 2 contracts

Samples: Stock Option Agreement (Wallstreet Review Inc), Stock Option Agreement (Wallstreet Review Inc)

Modification, Extension and Renewal of Options. The Board or Committee, as described in the Plan, may modify, extend or renew this Option or accept the surrender thereof (to the extent not theretofore exercised) and authorize the granting of a new option in substitution therefore (to the extent not theretofore exercised), subject at all times to the Plan Plan, the Code and the CodeNevada Securities Rules. Notwithstanding the foregoing provisions of this Section 12, no modification shall, without the consent of the Optionee, alter to the Optionee's detriment or impair any rights of Optionee hereunder.

Appears in 2 contracts

Samples: Nonstatutory Stock Option Agreement (Medizone International Inc), Nonstatutory Stock Option Agreement (Medizone International Inc)

Modification, Extension and Renewal of Options. The Board or Committee, as described in the Plan, may modify, extend or renew this Option or accept the surrender thereof (to the extent not theretofore exercised) and authorize the granting of a new option in substitution therefore (to the extent not theretofore exercised), subject at all times to the Plan Plan, the Code and the CodeDelaware Securities Rules. Notwithstanding the foregoing provisions of this Section 12, no modification shall, without the consent of the Optionee, alter to the Optionee's detriment or impair any rights of Optionee hereunder.

Appears in 2 contracts

Samples: Employee Nonstatutory Stock Option Agreement (Able Energy Inc), Nonstatutory Stock Option Agreement (Able Energy Inc)

Modification, Extension and Renewal of Options. The Board or Committee, as described in the Plan, may modify, extend or renew this Option or accept the surrender thereof (to the extent not theretofore exercised) and authorize the granting of a new option in substitution therefore (to the extent not theretofore exercised), subject at all times to the Plan Plan, the Code and laws of the CodeState of Colorado. Notwithstanding the foregoing provisions of this Section 12, no modification shall, without the consent of the Optionee, alter to the Optionee's ’s detriment or impair any rights of Optionee hereunder.

Appears in 1 contract

Samples: Employee Nonstatutory Stock Option Agreement (General Cannabis Corp)

Modification, Extension and Renewal of Options. The Board or Committee, as described in the Plan, may modify, extend or renew this Option or accept the surrender thereof (to the extent not theretofore exercised) and authorize the granting of a new option in substitution therefore (to the extent not theretofore exercised), subject at all times to the Plan Plan, the Code and the CodeColorada Securities Rules. Notwithstanding the foregoing provisions of this Section 12, no modification shall, without the consent of the Optionee, alter to the Optionee's detriment or impair any rights of Optionee hereunder.

Appears in 1 contract

Samples: Employee Nonstatutory Stock Option Agreement (Tasker Capital Corp)

Modification, Extension and Renewal of Options. The Board or Committee, as described in the Plan, may modify, extend or renew this Option or accept the surrender thereof (to the extent not theretofore exercised) and authorize the granting of a new option in substitution therefore (to the extent not theretofore exercised), subject at all times to the Plan and Plan, the Code. Notwithstanding the foregoing provisions of this Section 121.2, no modification shall, without the consent of the Optionee, alter to the Optionee's detriment or impair any rights of Optionee hereunder.

Appears in 1 contract

Samples: Nonstatutory Stock Option Agreement (World Wide Wireless Communications Inc)

Modification, Extension and Renewal of Options. The Board or Committee, as described in the Plan, may modify, extend or renew this Option or accept the surrender thereof (to the extent not theretofore exercised) and authorize the granting of a new option in substitution therefore (to the extent not theretofore exercised), subject at all times to the Plan and Plan, the Code, and any applicable securities laws. Notwithstanding the foregoing provisions of this Section 12, no modification shall, without the consent of the Optionee, alter to the Optionee's detriment or impair any rights of Optionee hereunder.

Appears in 1 contract

Samples: Consultant Nonstatutory Stock Option Agreement (Argentex Mining Corp)

Modification, Extension and Renewal of Options. The Board or Committee, as described in the Plan, may modify, extend or renew this Option or accept the surrender thereof (to the extent not theretofore exercised) and authorize the granting of a new option in substitution therefore (to the extent not theretofore exercised), subject at all times to the Plan Plan, the Code and the Codeall relevant securities statutes and rules. Notwithstanding the foregoing provisions of this Section 1213, no modification shall, without the consent of the Optionee, alter to the Optionee's ’s detriment or impair any rights of Optionee hereunder.

Appears in 1 contract

Samples: Nonstatutory Stock Option Agreement (Ipsidy Inc.)

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Modification, Extension and Renewal of Options. The Board or Committee, as described defined in the Plan, may modify, extend or renew this Option or accept the surrender thereof (to the extent not theretofore exercised) and authorize the granting of a new option in substitution therefore (to the extent not theretofore exercised), subject at all times to the Plan Plan, the Code and the CodeNevada Securities Rules. Notwithstanding the foregoing provisions of this Section 12, no modification shall, without the consent of the Optionee, alter to the Optionee's ’s detriment or impair any rights of Optionee hereunder.

Appears in 1 contract

Samples: Director Nonstatutory Stock Option Agreement (Workhorse Group Inc.)

Modification, Extension and Renewal of Options. The Board or Committee, as described in the Plan, may modify, extend or renew this Option or accept the surrender thereof (to the extent not theretofore exercised) and authorize the granting of a new option in substitution therefore therefor (to the extent not theretofore exercised), subject at all times to the Plan Plan, the Code and the CodeNevada Securities Rules. Notwithstanding the foregoing provisions of this Section 12, no modification shall, without the consent of the Optionee, alter to the Optionee's detriment or impair any rights of Optionee hereunder.

Appears in 1 contract

Samples: Employee Nonstatutory Stock Option Agreement (Medizone International Inc)

Modification, Extension and Renewal of Options. The Board or Committee, as described in the Plan, may modify, extend or renew this Option or accept the surrender thereof (to the extent not theretofore exercised) and authorize the granting of a new option in substitution therefore (to the extent not theretofore exercised), subject at all times to the Plan and the Code. Notwithstanding the foregoing provisions of this Section 12, no modification shall, without the consent of the Optionee, alter to the Optionee's ’s detriment or impair any rights of Optionee hereunder.

Appears in 1 contract

Samples: Consultant Nonstatutory Stock Option Agreement (Ondas Holdings Inc.)

Modification, Extension and Renewal of Options. The Board or Committee, as described in the Plan, may modify, extend or renew this Option or accept the surrender thereof (to the extent not theretofore exercised) and authorize the granting of a new option in substitution therefore (to the extent not theretofore exercised), subject at all times to the Plan Plan, the Code and the CodeDelaware Securities Rules and subject to shareholder approval, as applicable. Notwithstanding the foregoing provisions of this Section 12, no modification shall, without the consent of the Optionee, alter to the Optionee's detriment or impair any rights of Optionee hereunder.

Appears in 1 contract

Samples: Nonstatutory Stock Option Agreement (Bodisen Biotech, Inc)

Modification, Extension and Renewal of Options. The Board or Committee, as described in the Plan, may modify, extend or renew this Option or accept the its surrender thereof (to the extent not theretofore yet exercised) and authorize the granting of a new option in substitution therefore for it (to the extent not theretofore yet exercised), subject at all times to the Plan Plan, Code Section 422 and the Codeapplicable law. Notwithstanding the foregoing provisions of this Section 12, no modification shall, without the consent of the Optionee, alter to the Optionee's detriment or impair any rights of Optionee hereunderunder this Agreement.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Dover Saddlery Inc)

Modification, Extension and Renewal of Options. The Board or Committee, as described in the Plan, may modify, extend or renew this Option or accept the surrender thereof (to the extent not theretofore exercised) and authorize the granting of a new option in substitution therefore (to the extent not theretofore exercised), subject at all times to the Plan and the Code. Notwithstanding the foregoing provisions of this Section 12, no modification shall, without the consent of the Optionee, alter to the Optionee's ’s detriment or impair any rights of Optionee hereunder.. 

Appears in 1 contract

Samples: Employee Nonstatutory Stock Option Agreement (Emagin Corp)

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