Example ContractsClausesAmendment or Cancellation of Option
Amendment or Cancellation of Option
Amendment or Cancellation of Option contract clause examples

Cancellation or Postponement. Patheon will determine the manufacturing schedule of all Product covered by Firm Orders. If Client cancels or reduces a Firm Order, or wishes to postpone the applicable Release Date (subject to [Section 5.1(d)]), Patheon shall ​ Release Date. ​ for the Firm Order.

Under no circumstances may any amendment or modification be made to the terms of this Option which has the effect of cancelling the Option unless # stockholder approval has been obtained for the cancellation of the Option, # no consideration is provided to Grantee in connection with the cancellation of the Option, or # the amendment or modification is made to comply with the ASX Listing Rules.

Cancellation or Postponement. Patheon, in consultation with Client, will determine the manufacturing schedule of all Product covered by Firm Orders. If Client cancels or reduces a Firm Order, or wishes to postpone the applicable Release Date (subject to [Section 5.1(d)]) for reasons other than a Force Majeure Event (as defined below) or as a result of Client’s good faith concern with respect to quality assurance or compliance matters, ​.

The Board may amend, modify or terminate any outstanding Option, including but not limited to, changing the date of exercise or realization, and converting an Incentive Stock Option to a Nonstatutory Stock Option, provided that the Participant’s consent to such action shall be required unless the Board determines in good faith that the action, taking into account any related action, would not materially and adversely affect the Participant.

Amendment or Cancellation of Option. While the Company is subject to the ASX Listing Rules:

Cancellation or Postponement. Patheon will determine the manufacturing schedule of all Product covered by Firm Orders. If Client cancels or reduces a Firm Order, or wishes to postpone the applicable Release Date (subject to [Section 5.1(d)]), Client will remain liable to pay Patheon ​ of the Price for the Firm Order.

Option Amendment. The Company hereby amends your Performance Option to provide that the Performance Option will remain outstanding after your termination of employment for any reason other than Cause (as defined in the Performance Option) until October 9, 2020 (the “Outside Date” and such period, the “Option Continuation Period”). During the Option Continuation Period, your option will remain eligible to vest pursuant to the original performance vesting terms, whether you or not employed at the time of any achievement, provided the Board will make proportional adjustment to the $10.00 and $2.50 share prices to reflect any stock split, reverse stock split or similar change in capitalization. If the Performance Option does not meet the applicable performance vesting criteria on or prior to the Outside Date, it shall be forfeited in its entirety. In the event the Performance Option achieves the performance criteria on or prior to the Outside Date, it shall remain exercisable until the second anniversary of the termination of your employment (but no later than the original expiration date of the Performance Option).

No Cancellation or Amendment. With respect to all of the insurance policies described in Section 10.01, to provide that such policies shall not be canceled, terminated or the limits or coverage required hereunder be reduced (or subjected to an adverse change) ​ in the case of nonpayment of premiums) after receipt by American of Notice from such insurers of such cancellation, termination or reduction.

Amendment or Cancellation of Option. While the Company is subject to the ASX Listing Rules:

Amendment, Modification or Cancellation of Awards. The Committee may modify, amend, or cancel any Award, or waive any restrictions or conditions applicable to any Award, subject to the following limitations:

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