Substitution for OPTION. The COMMITTEE shall have the authority to effect, at any time and from time to time, with the consent of the OPTIONEE, the cancellation of the OPTION and the grant in substitution therefor of one or more new options under the PLAN covering the same or a different number of COMMON SHARES.
Appears in 4 contracts
Samples: Stock Option Agreement (Barry R G Corp /Oh/), Stock Option Agreement (Barry R G Corp /Oh/), Stock Option Agreement (Barry R G Corp /Oh/)
Substitution for OPTION. The COMMITTEE shall have the authority to effect, at any time and from time to time, with the consent of the OPTIONEE, the cancellation of the OPTION and the grant in substitution therefor of one or more new options under the PLAN covering the same or a different number of COMMON SHARESSHARES at an OPTION PRICE per share not less than the fair market value of the COMMON SHARES on the new grant date.
Appears in 1 contract
Samples: Barry R G Corp /Oh/
