Common use of Pooling of Interests Transaction Clause in Contracts

Pooling of Interests Transaction. Notwithstanding anything in --------------------------------------------- the Plan or the Agreement to the contrary and without the consent of the Grantee, the Administrator, in its sole discretion, may make any modifications to the Option, including but not limited to cancellation, forfeiture, surrender or other termination of the Option in whole or in part regardless of the vested status of the Option, in order to facilitate any business combination that is authorized by the Board to comply with requirements for treatment as a pooling of interests transaction for accounting purposes under generally accepted accounting principles.

Appears in 4 contracts

Samples: Incentive Stock Option Grant Agreement (Network Access Solutions Corp), Incentive Stock Option Grant Agreement (Network Access Solutions Corp), Incentive Stock Option Grant Agreement (Network Access Solutions Corp)

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Pooling of Interests Transaction. Notwithstanding anything in --------------------------------------------- the Plan or the this Agreement to the contrary and without the consent of the Grantee, the Administrator, in its sole discretion, may make any modifications to the Option, including but not limited to cancellation, forfeiture, surrender or other termination of the Option in whole or in part regardless of the vested status of the Option, in order to facilitate any business combination that is authorized by the Board to comply with requirements for treatment as a pooling of interests transaction for accounting purposes under generally accepted accounting principles.

Appears in 3 contracts

Samples: Incentive Stock Option Grant Agreement (Regeneration Technologies Inc), Incentive Stock Option Grant Agreement (Regeneration Technologies Inc), Incentive Stock Option Grant Agreement (Regeneration Technologies Inc)

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Pooling of Interests Transaction. Notwithstanding anything in --------------------------------------------- the Plan or the Agreement to the contrary and without the consent of the Grantee, the Administrator, in its sole discretion, may make any modifications to the Option, including but not limited to cancellation, forfeiture, surrender or other termination of the Option in whole or in part regardless of the vested status of the Option, in order to facilitate any business combination that is authorized by the Board to comply with requirements for treatment as a pooling of interests transaction for accounting purposes under generally accepted accounting principles.

Appears in 2 contracts

Samples: Nonqualified Stock Option Grant Agreement (Regeneration Technologies Inc), Incentive Stock Option Grant Agreement (Powerize Com Inc)

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