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, the Code and the corporate 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 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)

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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, the Code and the corporate 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 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, the Code and the corporate 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 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, the Code and the corporate securities rules of NevadaNevada 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 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 therefor (to the extent not theretofore exercised), subject at all times to the Plan, the Code and the corporate securities rules of NevadaNevada 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: 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, the Code Code, and the corporate any applicable securities rules of Nevadalaws. 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 (Argentex Mining Corp)

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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, the Code and the corporate all relevant securities rules of Nevadastatutes and rules. Notwithstanding the foregoing provisions of this Section 1213, 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 (Ipsidy 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, the Code and the corporate securities rules of NevadaColorada 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: Employee Nonstatutory Stock Option Agreement (Tasker Capital Corp)

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, the Code and the corporate securities rules of NevadaNevada 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: Director Nonstatutory Stock Option Agreement (Workhorse Group Inc.)

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