Rights of Optionor. The grant of an option pursuant to the Plan shall not affect in any way the right or power of Optionor to make adjustments, reclassifications, reorganizations or changes of its capital or business structure, or to merge or to consolidate, or to dissolve, liquidate or sell, or transfer all or any part of its business or assets. The Board of Directors may make such adjustments, not only with regard to the Shares Optioned, but also with regard to the Option Price, and any such change, when so made by the Board of Directors, shall be automatically deemed incorporated in the provisions of this Agreement.
Appears in 6 contracts
Samples: Stock Option Agreement (Astronics Corp), Stock Option Agreement (Mod Pac Corp), Non Qualified Stock Option Agreement (Mod Pac Corp)
