Amendment of Option. (a) Except as set forth in paragraph 7(b) below, the Board may amend, modify or terminate this option, including but not limited to, substituting therefor another option or other stock-based award of the same or a different type and changing the date of exercise. The Participant’s consent to such action shall be required unless (i) the Board determines that the action, taking into account any related action does not materially and adversely affect the Participant’s rights under this option or (ii) the change is permitted under paragraph 6, above.
Appears in 9 contracts
Samples: Nonstatutory Stock Option Agreement (OvaScience, Inc.), Stock Option Agreement (OvaScience, Inc.), Stock Option Agreement (OvaScience, Inc.)
