Common use of Modifications of Rights Clause in Contracts

Modifications of Rights. As set forth in Paragraph 6(l) of the Plan, the Board may modify (including, lowering the Option Price), extend or renew this Option (to the extent not previously exercised), or accept the surrender of this Option (to the extent not previously exercised) and authorize the granting of a new Stock option in substitution therefor; provided, however, that no modification of this Option shall, without the consent of the Optionee, alter or impair any existing rights or obligations of Optionee under this Option.

Modifications of Rights. As set forth in Paragraph 6(l) of the Plan, the Board may modify (including, lowering the Option PricePrice or converting this Option, which is an incentive stock option, into a non- statutory stock option), extend or renew this Option (to the extent not previously exercised), or accept the surrender of this Option (to the extent not previously exercised) and authorize the granting of a new Stock option options in substitution therefor; provided, however, that no modification of this Option shall, without the consent of the Optionee, alter or impair any existing rights or obligations of Optionee under this Option.

Modifications of Rights. As set forth in Paragraph 6(l) of the Plan, the Board may modify (including, lowering the Option Price), extend or renew this Option (to the extent not previously exercised), or accept the surrender of this Option (to the extent not previously exercised) and authorize the granting of a new Stock option in substitution therefor; provided, however, that no modification of this Option shall, without the consent of the Optionee, alter or impair any existing rights or obligations of Optionee under this Option.)

Modifications of Rights. As set forth in Paragraph 6(l) of the Plan, the Board (or its delegates) may modify (including, lowering the Option Price), extend or renew this Option (to the extent not previously exercised), or accept the surrender of this Option (to the extent not previously exercised) and authorize the granting of a new Stock option in substitution therefor; provided, however, that no modification of this Option shall, without the consent of the Optionee, alter or impair any existing rights or obligations of Optionee under this Option.

Modifications of Rights. As set forth in Paragraph 6(l) of the Plan, the The Board may modify (including, lowering the Option Price), extend or renew this Option (to the extent not previously exercised), or accept the surrender of this Option (to the extent not previously exercised) and authorize the granting of a new Stock option Option in substitution therefor; provided, however, that no modification of this Option shall, without the consent of the Optionee, alter or impair any existing rights or obligations of Optionee under this Option.