Common use of Termination or Amendment of the Plan Clause in Contracts

Termination or Amendment of the Plan. The Board of Directors may without the consent of the shareholders, at any time, suspend, amend, or terminate the Plan, provided that except as set forth in Section 10 hereof, no amendment may be adopted that will: (A) increase the number of shares reserved for Options under the Plan; (b) change the Option price or the method of determining the Option price; (c) change the provisions required for compliance with Section 422A of the Internal Revenue Code and Regulations issued thereunder; or (d) cause noncompliance with Rule 16b-3. The Board of Directors may amend the Plan to the extent permitted by law if they deem it advisable in order to comply with the applicable Internal Revenue Code provisions and with Rule 16b-3. The Board shall not amend the Plan so as to materially increase the benefits accruing to participants under the Plan or materially modify the requirements for eligibility for participation in the Plan without the approval of the shareholders of the Company. The amendment or termination of this Plan shall not, without the consent of the Optionee, alter or impair any rights or obligations under any Option previously granted hereunder.

Termination or Amendment of the Plan. The Board of Directors may without the consent of the shareholders, at any time, suspend, amend, or terminate the this Plan, provided that except as set forth in Section 10 16 hereof, no amendment may be adopted that will: (A) increase the number of shares reserved for Options under the Plan; (b) change the Option price or the method of determining the Option price; (c) change the provisions required for compliance with Section 422A of the Internal Revenue Code and Regulations issued thereunder; or (d) cause noncompliance with Rule 16b-3. The Board of Directors may amend the Plan to the extent permitted by law if they deem it advisable in order to comply with the applicable Internal Revenue Code provisions and with Rule 16b-3. The Board shall not amend the Plan so as to materially increase the benefits accruing to participants under the Plan or materially modify the requirements for eligibility for participation in the Plan without the approval of the shareholders of the Company. The amendment or termination of this Plan shall not, without the consent of the Optionee, alter or impair any rights or obligations under any Option previously granted hereunder.

Termination or Amendment of the Plan. The Board of Directors may without the consent of the shareholders, at any time, suspend, amend, or terminate the this Plan, provided that except as set forth in Section 10 16 hereof, no amendment may be adopted that will: (A) increase the number of shares reserved for Options under the Plan; (b) change the Option price or the method of determining the Option price; (c) change the provisions required for compliance with Section 422A of the Internal Revenue Code and Regulations issued thereunder; or (d) cause noncompliance with Rule 16b-3. The Board of Directors may amend the Plan to the extent permitted by law if they deem it advisable in order to comply with the applicable Internal Revenue Code provisions and with Rule 16b-3. The Board shall not amend the Plan so as to materially increase the benefits accruing to participants under the Plan or materially modify the requirements for eligibility for participation in the Plan without the approval of the shareholders of the Company. The amendment or termination of this Plan shall not, without the consent of the Optionee, alter or impair any rights or obligations under any Option previously granted hereunder.