No Repricing of Options. The Committee may not without the approval of the stockholders of the Company lower the exercise price of an outstanding Option, whether by amending the exercise price of the outstanding Option or through cancellation of the outstanding Option and issuance of a replacement or substitute Option; provided that stockholder approval shall not be required for adjustments made in connection with an event described in [Section 8] in order to prevent enlargement, dilution or diminishment of rights.
No Repricing6.9Repricing of Options. The Committee may notExcept as provided in [Section 5.3], without the approval of stockholders # the stockholders of the Company lowerCommittee may not reduce, adjust or amend the exercise price of an outstanding Option,Option whether by amendingthrough amendment, cancellation, replacement grant or any other means and # no payment may be made to cancel an outstanding Option if on the date of such amendment, cancellation, replacement grant or payment the exercise price of the outstandingsuch Option or through cancellation of the outstanding Option and issuance of a replacement or substitute Option; provided that stockholder approval shall not be required for adjustments made in connection with an event described in [Section 8] in order to prevent enlargement, dilution or diminishment of rights.exceeds Fair Market Value.
NoSection # Prohibition on Repricing of Stock Options. The CommitteeExcept as permitted under [Section 4.04] of the Plan, the terms of any outstanding Option may not be amended without shareholder approval to reduce the approvalExercise Price of the stockholders of the Company lower the exercise price of an outstanding Option, whether by amending the exercise price of thesuch outstanding Option or through cancellationto cancel such outstanding Option in exchange for cash, other Awards, or an Option or SAR with an exercise price that is less than the Exercise Price of the outstanding Option and issuance of a replacement or substitute Option; provided that stockholder approval shall not be required for adjustments made in connection with an event described in [Section 8] in order to prevent enlargement, dilution or diminishment of rights.original Option.
No Repricing of Options. The“Other than pursuant to [Section 6], the Committee mayshall not without the approval of the stockholders of the CompanyCompany’s shareholders # lower the exercise price per share of an outstanding Option, whether by amendinga Stock Option after it is granted, # cancel a Stock Option when the exercise price per share exceeds the Fair Market Value of the outstanding Optionone share in exchange for cash or through cancellation of the outstanding Option and issuance of a replacement or substitute Option; provided that stockholder approval shall not be required for adjustments madeanother award (other than in connection with an event describeda Change in [Section 8] in orderControl), or # take any other action with respect to prevent enlargement, dilutiona Stock Option that would be treated as a repricing under the rules and regulations of the New York Stock Exchange. The Company may not repurchase a Stock Option for value (in cash, substitutions, cash buyouts or diminishmentotherwise) from a Stock Option-holder if the current Fair Market Value of rights.the shares underlying the Stock Option is lower than the exercise price per share of the Stock Option. The foregoing two sentences are collectively referred to herein as the “Repricing Prohibition”.”
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