Amendment, Modification, Suspension, and Termination. Subject to Section 15.2, the Committee may, at any time and from time to time, alter, amend, modify, suspend, or terminate the Plan and any Award Agreement in whole or in part; provided, however, that, without the prior approval of the Company’s stockholders and except as provided in Section 4.5, the Committee shall not directly or indirectly lower the Option Price of a previously granted Option, and no amendment of the Plan shall be made without stockholder approval if stockholder approval is required by applicable law or stock exchange rules.
Appears in 2 contracts
Samples: Quanex Corp, Quanex Corp
Amendment, Modification, Suspension, and Termination. Subject to Section 15.214.2, the Committee Board may, at any time and from time to time, alter, amend, modify, suspend, or terminate the Plan and and/or any Award Agreement in whole or in part; provided, however, that, without the prior approval of the Company’s stockholders shareholders and except as provided in Section 4.5, the Committee Board shall not directly or indirectly lower the Option Price of a previously granted Option, and no amendment of the Plan shall be made without stockholder shareholder approval if stockholder shareholder approval is required by applicable law or stock exchange rules.
Appears in 2 contracts
Samples: Weatherford International LTD, Weatherford International LTD
Amendment, Modification, Suspension, and Termination. Subject to Section 15.214.2, the Committee may, at any time and from time to time, alter, amend, modify, suspend, or terminate the Plan and any Award Agreement in whole or in part; provided, however, that, without the prior approval of the Company’s stockholders and except as provided in Section 4.5, the Committee shall not directly or indirectly lower the Option Price of a previously granted Option, and no amendment of the Plan shall be made without stockholder approval if stockholder approval is required by applicable law or stock exchange rules.
Appears in 1 contract
Samples: Grant Prideco Inc
Amendment, Modification, Suspension, and Termination. Subject to Section 15.214.2, the Committee Board may, at any time and from time to time, alter, amend, restate, modify, suspend, or terminate the Plan and any Award Agreement in whole or in part; provided, however, that, without the prior approval of the Company’s stockholders shareholders and except as provided in Section 4.54.7, the Committee Board shall not directly or indirectly lower the Option Price of a previously granted Option, and Option or the xxxxx xxxxx of a previously granted SAR; no amendment or modification of the Plan shall be made without stockholder shareholder approval if stockholder shareholder approval is required by applicable law or stock exchange rules.
Appears in 1 contract
Samples: Energy Hunter Resources, Inc.
Amendment, Modification, Suspension, and Termination. Subject to Section 15.2, 12.2 the Committee may, at any time and from time to time, alter, amend, modify, suspend, or terminate the Plan and any Award Agreement in whole or in part; provided, however, that, without the prior approval of the Company’s stockholders and except as provided in Section 4.5, the Committee shall not directly or indirectly lower the Option Price of a previously granted Option, and no amendment of the Plan shall be made without stockholder approval if stockholder approval is required by applicable law or stock exchange rules.
Appears in 1 contract
Samples: Award Agreement (Stewart Information Services Corp)
Amendment, Modification, Suspension, and Termination. Subject to Section 15.214.2, the Committee Board may, at any time and from time to time, alter, amend, restate, modify, suspend, or terminate the Plan and any Award Agreement in whole or in part; provided, however, that, without the prior approval of the Company’s stockholders shareholders and except as provided in Section 4.5, the Committee Board shall not directly or indirectly lower the Option Price of a previously granted Option, and Option or the xxxxx xxxxx of a previously granted SAR; no amendment or modification of the Plan shall be made without stockholder shareholder approval if stockholder shareholder approval is required by applicable law or stock exchange rules.
Appears in 1 contract
Samples: Weatherford International LTD