Modification or Assumption of Options. Within the limitations of the Plan, the Committee may modify, extend or assume outstanding options or may accept the cancellation of outstanding options (whether granted by the Company or by another issuer) in return for the grant of new options for the same or a different number of shares and at the same or a different exercise price. The foregoing notwithstanding, no modification of an Option shall, without the consent of the Optionee, alter or impair his or her rights or obligations under such Option.
Appears in 10 contracts
Samples: 2001 Supplemental Stock Plan (Equinix Inc), 1998 Stock Incentive Plan (Affymetrix Inc), 1999 Stock Incentive Plan (Redback Networks Inc)
Modification or Assumption of Options. Within the limitations of the Plan, the Committee may modify, reprice, extend or assume outstanding options or may accept the cancellation of outstanding options (whether granted by the Company or by another issuer) in return for the grant of new options for the same or a different number of shares and at the same or a different exercise price. The foregoing notwithstanding, no modification of an Option shall, without the consent of the Optionee, alter or impair his or her rights or obligations under such Option.
Appears in 7 contracts
Samples: Equity Incentive Plan (Alimera Sciences Inc), Equity Incentive Plan (Alimera Sciences Inc), Inducement Equity Incentive Plan (Riverbed Technology, Inc.)
Modification or Assumption of Options. Within the limitations of the Plan, the Committee may modify, extend or assume outstanding options or may accept the cancellation of outstanding options (whether granted by the Company Corporation or by another issuer) in return for the grant of new options for the same or a different number of shares and at the same or a different exercise price. The foregoing notwithstanding, no modification of an Option shall, without the consent of the Optionee, alter or impair his or her rights or obligations under such Option.
Appears in 3 contracts
Samples: 1999 Supplemental Stock Option Plan (Vignette Corp), 1999 Supplemental Stock Option Plan (Vignette Corp), 1999 Equity Incentive Plan (Vignette Corp)
