Additional Adjustments. Notwithstanding the terms of Paragraph 5.01 of this Agreement, the Board in its sole and exclusive discretion may provide for conditions for the exercise of this Option and/or modify the Vesting Schedule set forth on the Notice of Grant; provided, however, the Board may only modify the conditions for the exercise of this Option and/or modify the Vesting Schedule to provide for a more restrictive Vesting Schedule with the consent of Optionee, if such modification alters or impairs any existing rights or obligations of Optionee under this Option.
Appears in 6 contracts
Samples: Option Agreement (Agouron Pharmaceuticals Inc), Incentive Stock Option Agreement (Agouron Pharmaceuticals Inc), Option Agreement (Agouron Pharmaceuticals Inc)
Additional Adjustments. Notwithstanding the terms of Paragraph 5.01 Section 4.01 of this Agreement, the Board in its sole and exclusive discretion may provide for conditions for the exercise of this Option and/or modify the Vesting Schedule set forth on the Notice of Grant; provided, however, the Board may only modify the conditions for the exercise of this Option and/or modify the Vesting Schedule to provide for a more restrictive Vesting Schedule with the consent of Optionee, if such modification alters or impairs any existing rights or obligations of Optionee under this Option.
Appears in 1 contract
Samples: Non Plan Non Statutory Stock Option Agreement (Axonyx Inc)
