Common use of Effect of Amendment or Termination Clause in Contracts

Effect of Amendment or Termination. No amendment, alteration, suspension or termination of the Plan shall impair the rights of any Optionee, unless mutually agreed otherwise between the Optionee and the Administrator, which agreement must be in writing and signed by the Optionee and the Company.

Appears in 3 contracts

Sources: Annual Report, Nonqualified Stock Option Agreement (First Horizon Pharmaceutical Corp), Stock Option Agreement (Metatools Inc)

Effect of Amendment or Termination. No amendment, alteration, ---------------------------------- suspension or termination of the Plan shall impair the rights of any Optionee, unless mutually agreed otherwise between the Optionee and the Administrator, which agreement must be in writing and signed by the Optionee and the Company.

Appears in 3 contracts

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

Effect of Amendment or Termination. No amendment, alteration, ---------------------------------- suspension or termination of the Plan shall impair the rights of any Optionee, unless mutually agreed otherwise between the Optionee and the Administrator, which agreement must be in writing and signed by the Optionee and the Company. Termination of the Plan shall not affect the Administrator's ability to exercise the powers granted to it hereunder with respect to options granted under the Plan prior to the date of such termination.

Appears in 1 contract

Sources: Stock Option Agreement (Efficient Networks Inc)

Effect of Amendment or Termination. No amendment, alteration, suspension or termination of the Plan shall impair the rights of any Optionee, unless mutually agreed otherwise between the Optionee and the Administrator, which agreement must be in writing and signed by the Optionee and the Company. Termination of the Plan shall not affect the Administrator's ability to exercise the powers granted to it hereunder with respect to Options granted under the Plan prior to the date of such termination.

Appears in 1 contract

Sources: Stock Option Agreement (Cadence Design Systems Inc)

Effect of Amendment or Termination. No amendment, alteration, suspension amendment or termination ---------------------------------- of the Plan shall impair the rights of any Optioneeadversely affect Options already granted, unless mutually agreed otherwise between the Optionee and the AdministratorBoard, which agreement must be in writing and signed by the Optionee and the Company.

Appears in 1 contract

Sources: 1996 Stock Plan (Infoseek Corp /De/)

Effect of Amendment or Termination. No amendment, alteration, suspension alteration or termination of the Plan this Option Agreement shall impair the rights of any the Optionee, unless mutually agreed otherwise between the Optionee and the Administrator, which agreement must be in writing and signed by the Optionee and the Company.

Appears in 1 contract

Sources: Stock Option Agreement (Medimmune Inc /De)

Effect of Amendment or Termination. No amendment, alteration, suspension or termination of the Plan this Agreement shall impair the rights of any the Optionee, unless mutually agreed otherwise between the Optionee and the Administrator, which agreement must be in writing and signed by the Optionee and the Company. Termination of this Agreement shall not affect the Administrator's ability to exercise the powers granted to it hereunder with respect to the Option granted under this Agreement prior to the date of such termination.

Appears in 1 contract

Sources: Option Grant (Shopnow Com Inc)