Common use of Plan and Plan Interpretations as Controlling Clause in Contracts

Plan and Plan Interpretations as Controlling. This Option and the terms and conditions herein set forth are subject in all respects to the terms and conditions of the Plan, which are controlling. The Plan provides that the Board may amend the Plan, and that the Committee may interpret it and establish regulations for the administration thereof; provided that no such amendment or regulation shall impair the rights of any Grantee under an Option without the Grantee’s consent, except an amendment for purposes of compliance with the federal securities laws. The Grantee, by acceptance of this Option, agrees to be bound by said Plan and such Board and Committee actions.

Plan and Plan Interpretations as Controlling. This Option and the terms and conditions herein set forth are subject in all respects to the terms and conditions of the Plan, which are controlling. The Plan provides that the Board may amend the Plan, and that the Committee may interpret it and establish regulations for the administration thereof; provided that no such amendment or regulation shall impair the rights of any Grantee Director under an Option without the GranteeDirector’s consent, except an amendment for purposes of compliance with the federal securities laws. The GranteeDirector, by acceptance of this Option, agrees to be bound by said Plan and such Board and Committee actions.

Plan and Plan Interpretations as Controlling. This Option The Shares hereby awarded and the terms and conditions herein set forth are subject in all respects to the terms and conditions of the Plan, which are controlling. The Plan provides that the Board may amend the Plan, and that the Committee may from time to time make changes therein, interpret it and establish regulations for the administration thereof; provided that no such amendment or regulation shall impair the rights of any Grantee Employee under an Option this award without the Grantee’s Employee's consent, except an amendment for purposes of compliance with the federal securities laws. The GranteeEmployee, by acceptance of this OptionAgreement, agrees to be bound by said Plan and such Board and Committee actions.