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

Modification, Extension and Renewal of Options. The Board 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. Notwithstanding the foregoing provisions of this Paragraph 10, no modification shall, without the consent of the Optionee, alter to the Optionee's detriment or impair any rights of Optionee hereunder.

Appears in 9 contracts

Samples: Nonstatutory Stock Option Agreement (China Hospitals Inc), Incentive Stock Option Agreement (Material Technologies Inc /Ca/), Incentive Stock Option Agreement (MATECH Corp.)

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Modification, Extension and Renewal of Options. The Board 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. Notwithstanding the foregoing provisions of this Paragraph 10Section 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 9 contracts

Samples: Stock Option Agreement (Gopher Protocol Inc.), Stock Option Agreement (Avalon Globocare Corp.), Stock Option Agreement (Ipsidy Inc.)

Modification, Extension and Renewal of Options. The Board 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. Notwithstanding the foregoing provisions of this Paragraph 10Section 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 7 contracts

Samples: Stock Option Agreement (Gopher Protocol Inc.), Stock Option Agreement (Gopher Protocol Inc.), Stock Option Agreement (Gopher Protocol Inc.)

Modification, Extension and Renewal of Options. 12.1 The Board 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 Planapplicable rules of any regulatory authority or stock exchange, and any applicable laws. Notwithstanding the foregoing provisions of this Paragraph 10Section 12, no modification shall, without the consent of the Optionee, materially alter to the Optionee's ’s detriment or materially impair any rights of Optionee hereunder.

Appears in 2 contracts

Samples: Nonstatutory Stock Option Agreement (MANAS PETROLEUM Corp), Nonstatutory Stock Option Agreement (MANAS PETROLEUM Corp)

Modification, Extension and Renewal of Options. The Board 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. Notwithstanding the foregoing provisions of this Paragraph 10, no modification shall, without the consent of the Optionee, alter to the Optionee's detriment or impair any rights of Optionee hereunder. 11.

Appears in 2 contracts

Samples: Incentive Stock Option Agreement (Material Technologies Inc /Ca/), Incentive Stock Option Agreement (Material Technologies Inc /Ca/)

Modification, Extension and Renewal of Options. The Board or Committee 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 PlanCode. Notwithstanding the foregoing provisions of this Paragraph 10Section 11, 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: Non Qualified Stock Option Agreement (Digital Locations, Inc.)

Modification, Extension and Renewal of Options. The Board or Committee 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. Notwithstanding the foregoing provisions of this Paragraph 10Section 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: Stock Option Agreement (TMG Energy Corp)

Modification, Extension and Renewal of Options. The Board or Committee 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 PlanCode. Notwithstanding the foregoing provisions of this Paragraph 10Section 11, 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: Non Qualified Stock Option Agreement (Digital Locations, Inc.)

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Modification, Extension and Renewal of Options. 11.1 The Board 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, the applicable rules of any regulatory authority or stock exchange, and any applicable laws. Notwithstanding the foregoing provisions of this Paragraph 10Section 12, no modification shall, without the consent of the Optionee, materially alter to the Optionee's ’s detriment or materially impair any rights of Optionee hereunder.

Appears in 1 contract

Samples: Stock Option Agreement (MANAS PETROLEUM Corp)

Modification, Extension and Renewal of Options. The Board 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 PlanInternal Revenue Code. Notwithstanding the foregoing provisions of this Paragraph 10Section 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: Stock Option Agreement (AMP Holding Inc.)

Modification, Extension and Renewal of Options. 12.1 The Board 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, the applicable rules of any regulatory authority or stock exchange, and any applicable laws. Notwithstanding the foregoing provisions of this Paragraph 10Section 12, no modification shall, without the consent of the Optionee, materially alter to the Optionee's ’s detriment or materially impair any rights of Optionee hereunder.

Appears in 1 contract

Samples: Stock Option Agreement (MANAS PETROLEUM Corp)

Modification, Extension and Renewal of Options. The Subject to the terms and conditions and within the limitations of this Plan, the Board may modify, extend or renew outstanding Options granted under this Option Plan or accept the surrender thereof of outstanding Options (to the extent not theretofore exercised) and authorize the granting of a new option Options in substitution therefore therefor (to the extent not theretofore exercised), subject at all times to the Plan. Notwithstanding the foregoing provisions No modification of this Paragraph 10, no modification an Option shall, without the consent of the Optioneeoptionee, alter to the Optionee's detriment or impair any rights of Optionee hereunderor obligations under any Option theretofore granted under this Plan.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Resource Bancshares Mortgage Group Inc)

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