Termination and Amendment of Plan. The Board of Directors may at any time terminate the Plan or, subject to certain limited exceptions, amend the Plan in any manner that it deems advisable. However, no termination or amendment of the Plan will adversely affect in any material manner any of your rights under the Option without your consent.
Termination and Amendment of Plan. 12.1 TERMINATION OF PLAN - Unless earlier terminated as provided in Section 11 above or in Section 12.2 below, the Plan shall terminate on, and no Option shall be granted under the Plan, after five years has passed from the Effective Date of the Plan.
Termination and Amendment of Plan. It is expressly agreed and acknowledged that the Board, without further action on the part of the shareholders of the Company or the Optionee, may from time to time alter, amend or suspend the Plan or any Stock Option granted thereunder or may at any time terminate the Plan, except that, it may not (except to the extent provided in Section 5 hereof): (i) change the total number of shares of Common Stock available for grant under the Plan; (ii) extend the duration of the Plan; (iii) increase the maximum term of Stock Options; or (iv) change the class of employees eligible to be granted Stock Options under the Plan. Provided, however, no such action taken by the Board under this Section may materially and adversely affect any unexercised portion of this Option without the consent of Optionee.
Termination and Amendment of Plan. This Plan shall automatically terminate at such time as the Company shall submit a proposal to the Company's shareholders for Shareholder Approval and such proposal fails to achieve the requisite number of votes. Notwithstanding Shareholder Approval, the Board may amend or terminate this Plan at any time or from time to time without the approval of the shareholders of the Company as to such amendment or termination; provided, however, that without the approval of the shareholders to the extent provided in Section 422 of the Code, no amendment shall be effective that:
Termination and Amendment of Plan. The Board, without further action on the part of the shareholders of the Company, may from time to time alter, amend or suspend the Plan or any Incentive Stock Option or Stock Appreciation Right granted thereunder or may at any time terminate the Plan, except that it may not, without the approval of the shareholders of the Company (except to the extent described in Section 6 hereof): (i) materially increase the total number of shares of Common Stock available for grant under the Plan; (ii) materially modify the class of eligible employees under the Plan; or (iii) effect a change relating to Incentive Stock Options granted hereunder which is inconsistent with Section 422 of the Code or regulations issued thereunder. No action taken by the Board under this Section, either with or without the approval of the shareholders of the Company, may materially and adversely affect any outstanding Incentive Stock Option or Stock Appreciation Right without the consent of the holder hereof.
Termination and Amendment of Plan. The Board, without further action on the part of the shareholders of the Company, may from time to time alter, amend or suspend the Plan or any Stock Option granted hereunder or may at any time terminate the Plan, except that, unless approved by the shareholders, it may not (except to the extent provided in Section 2(c) hereof) materially increase the total number of shares of Common Stock available for grant under the Plan. No action taken by the Board under this Section may materially and adversely affect any outstanding Stock Option without the consent of the holder thereof.
Termination and Amendment of Plan. Prior to the consummation of a Change in Control, the Plan may be amended or terminated by the Administrator at any time and from time to time, in its sole discretion. For a period of nine (9) months from and after the consummation of a Change in Control, the Plan may not be amended, modified, suspended or terminated except with the express written consent of each Participant who would be adversely affected by any such amendment, modification, suspension or termination. After the expiration of such nine (9)-month period, and subject to Section 2 hereof, the Plan may again be amended or terminated by the Administrator at any time and from time to time, in its sole discretion (provided, that no such amendment or termination shall adversely affect the rights of any Participant who has experienced a Qualifying Termination on or prior to such amendment or termination).
Termination and Amendment of Plan. Unless sooner terminated as herein provided, the Plan shall terminate ten (10) years from the date upon which the Plan was duly adopted by the Board of the Colorado Corporation. The Board of the Company may at any time terminate the Plan or make such modification or amendment thereof as it deems advisable; provided, however, that (i) if the Plan was at any time approved by the stockholders of the Company, the Board of the Company may not, without the approval of the stockholders of the Company, increase the maximum number of Common Shares for which Options may be granted or change the designation of the class of persons eligible to receive Options under the Plan, and (ii) any such modification or amendment of the Plan shall be approved by a majority of the stockholders of the Company to the extent that such stockholder approval is necessary to comply with applicable provisions of the Code, rules promulgated pursuant to Section 16 of the Exchange Act, applicable state law or applicable NASD or exchange listing requirements. Termination or any modification or amendment of the Plan shall not, without the consent of an optionee, affect his or her rights under an Option therefore granted to him or her.
Termination and Amendment of Plan. Subject to Section 2 hereof, the Company shall have the right to terminate or amend the Plan at any time by resolution of the Board and to amend or cancel any amendments; provided, however, that after a Change of Control, the Company may not terminate the Plan and no amendment to the Plan shall be made which removes any Participant from participation in the Plan, which amends subsection (M), (N) or (O) of Section 1 or which adversely affects a Participant's interests without the express written consent of the Participant(s) so affected. Subject to Section 10.3 hereof, notwithstanding anything contained herein to the contrary, all obligations accrued by Participants prior to any termination of the Plan must be satisfied in full in accordance with the terms hereof.
Termination and Amendment of Plan. This Plan and/or any Participation Agreement executed by a Participant may not be terminated with respect to such Participant without the written consent of the Participant and the approval of the Board or the Committee. Prior to March 14, 2013, this Plan and/or any Participation Agreement executed by a Participant may be modified, amended or superseded with respect to such Participant only by a supplemental written agreement between the Participant and the Company approved by the Board or the Committee. Effective on and after March 14, 2013, the Committee, with respect to a Participant who is designated as a Participant on or after March 14, 2013, may modify, amend or suspend the Plan and/or any Participation Agreement executed by such a Participant, including but not limited to terminating the Participant's participation in the Plan; provided, however, that such modification, amendment or suspension shall only be effective beginning 12-months following the Committee's decision to modify, amend, or suspend the Participant's participation in the Plan. Notwithstanding any other provision of the Plan to the contrary, the Board or the Committee may, in its sole and absolute discretion and without the consent of any Participant, amend the Plan or any Participation Agreement, to take effect retroactively or otherwise, as it deems necessary or advisable for the purpose of conforming the Plan or such Participation Agreement to any present or future law relating to plans of this or similar nature (including, but not limited to, Section 409A of the Code), and to the administrative regulations and rulings promulgated thereunder.”
