Common use of Prohibition on Repricing Clause in Contracts

Prohibition on Repricing. Without the prior approval of the Company's stockholders, the Company shall not, and the Committee shall not authorize the Company to, (i) amend this Option to reduce its Option Price or (ii) cancel this Option and replace it with the grant of any new equity award with a higher intrinsic value. This prohibition on Option repricing shall not be construed to prohibit the adjustments for extraordinary changes in the Company's capital structure that are otherwise permitted under Section 8 of this Agreement.

Prohibition on Repricing. Without the prior approval of the Company's ’s stockholders, the Company shall not, and the Committee shall not authorize the Company to, (i) amend this Option to reduce its Option Price or (ii) cancel this Option and replace it with the grant of any new equity award with a higher intrinsic value. This prohibition on Option repricing shall not be construed to prohibit the adjustments for extraordinary changes in the Company's ’s capital structure that are otherwise permitted under Section 8 of 0of this Agreement.

Prohibition on Repricing. Without the prior approval of the Company's ’s stockholders, the Company shall not, and the Committee shall not authorize the Company to, (i) amend this Option to reduce its Option Price or (ii) cancel this Option and replace it with the grant of any new equity award with a higher intrinsic value. This prohibition on Option repricing shall not be construed to prohibit the adjustments for extraordinary changes in the Company's ’s capital structure that are otherwise permitted under Section 8 of this Agreement.