Adjustment to Option Stock. The Board may make equitable and proportionate adjustments in the terms and conditions of, and the criteria included in, this Option in recognition of unusual or nonrecurring events (and shall make the adjustments for the events described in Section 4.2 of the Plan) affecting the Company or the financial statements of the Company or of changes in applicable laws, regulations, or accounting principles in accordance with the Plan, whenever the Board determines that such event(s) affect the Shares. Any such adjustments shall be effected in a manner that precludes the material enlargement of rights and benefits under this Award.
Appears in 3 contracts
Samples: Non Qualified Stock Option Agreement (Community First Inc), Non Qualified Stock Option Agreement (Wilson Bank Holding Co), Non Qualified Stock Option Agreement (Community First Inc)
Adjustment to Option Stock. The Board may make equitable and proportionate appropriate adjustments in the terms and conditions of, and the criteria included in, this Option in recognition of unusual or nonrecurring events (and shall make the adjustments for the events described in Section 4.2 of the Plan) affecting the Company or the financial statements of the Company or of changes in applicable laws, regulations, or accounting principles in accordance with the Plan, whenever the Board determines that such event(s) affect the Shares. Any such adjustments shall be effected in a manner that precludes the material enlargement of rights and benefits under this Award.
Appears in 2 contracts
Samples: Non Qualified Stock Option Agreement (Healthstream Inc), Non Qualified Stock Option Agreement (Chefs' Warehouse Holdings, LLC)
