Common use of Amendment of Option Clause in Contracts

Amendment of Option. The Option may be amended or modified at any time by the Company; provided, however, that the Grantee's consent to such amendment or modification shall be required unless the Board of Directors or Compensation Committee (if any) of the Company determines that the amendment or modification, taking into account any related action, would not materially and adversely affect the Grantee.

Appears in 5 contracts

Sources: Stock Option Agreement (Provant Inc), Stock Option Agreement (Provant Inc), Stock Option Agreement (Provant Inc)

Amendment of Option. The Option may be amended or modified at any time by the Company; provided, however, that the Grantee's consent to such amendment or modification shall be required unless the Board of Directors or the Compensation Committee (if any) of the Company determines that the amendment or modification, taking into account any related action, would not materially and adversely affect the Grantee.

Appears in 3 contracts

Sources: Stock Option Agreement (Bridgestreet Accommodations Inc), Employment Agreement (Bridgestreet Accommodations Inc), Stock Option Agreement (Bridgestreet Accommodations Inc)

Amendment of Option. The Option may be amended or modified at any time by the Company; provided, however, that the Grantee's consent to any such amendment or modification shall be required unless the Board of Directors or Compensation Committee (if any) of the Company determines that the amendment or modification, taking into account any related action, would not materially and adversely affect the Grantee.

Appears in 2 contracts

Sources: Nonqualified Stock Option Agreement (C Me Run Corp), Nonqualified Stock Option Agreement (C Me Run Corp)

Amendment of Option. The Option may be amended or modified at any time by the Company; provided, however, that the Grantee's consent to any such amendment or modification shall be required unless the Board of Directors or Compensation Committee (if any) of the Company determines that the amendment or modificationaction, taking into account any related action, would not materially and adversely affect the Grantee.

Appears in 1 contract

Sources: Stock Option Agreement (Commerce Group Inc /Ma)

Amendment of Option. The Option may be amended or modified at any time by the Company; provided, however, that the Grantee's Grantee s consent to any such amendment or modification shall be required unless the Board of Directors or Compensation Committee (if any) of the Company determines that the amendment or modification, taking into account any related action, would not materially and adversely affect the Grantee.

Appears in 1 contract

Sources: Nonqualified Stock Option Agreement (C Me Run Corp)