Common use of Alteration/Termination Clause in Contracts

Alteration/Termination. The Company shall have the right at any time in its sole discretion to amend, alter, suspend, discontinue or terminate any Options without the consent of the Grantee. Also, the Options shall be null and void to the extent the grant of Options or exercise thereof is prohibited under the laws of the country of residence of the Grantee.

Appears in 9 contracts

Sources: Stock Option Grant Agreement (General Electric Co), Stock Option Grant Agreement (Universal City Travel Partners), Stock Option Grant Agreement (Universal City Travel Partners)

Alteration/Termination. The Company shall have the right at any time in its sole discretion to amend, alter, suspend, discontinue or terminate any Options without the consent of the GranteeParticipant. Also, the Options shall be null and void to the extent the grant of Options or exercise thereof is prohibited under the laws of the country of residence of the GranteeParticipant.

Appears in 3 contracts

Sources: Stock Option Award Agreement (Baker Hughes a GE Co), Stock Option Award Agreement (Bear Newco, Inc.), Stock Option Award Agreement (Bear Newco, Inc.)

Alteration/Termination. The Company shall have the right at any time in its sole discretion to amend, alter, suspend, discontinue or terminate any Options the Option without the consent of the GranteeParticipant. Also, the Options Option shall be null and void to the extent the grant of Options Option or exercise thereof is prohibited under the laws of the country of residence of the GranteeParticipant.

Appears in 3 contracts

Sources: Stock Option Award Agreement (Baker Hughes Co), Stock Option Award Agreement (Baker Hughes Co), Stock Option Award Agreement (Baker Hughes a GE Co)