Common use of Cash Settlement Clause in Contracts

Cash Settlement. Notwithstanding any provision of the Plan or the Agreement to the contrary, the Administrator may cause the Option or portion thereof to be canceled in consideration of an alternative award or cash payment of an equivalent cash value, as determined by the Administrator, made to the holder of such canceled Award.

Cash Settlement. Notwithstanding any provision of the Plan or the this Agreement to the contrary, the Administrator may cause the Option or portion thereof to be canceled in consideration of an alternative award Award or cash payment of an equivalent cash value, as determined by the Administrator, made to the holder of such canceled AwardOption.

Cash Settlement. Notwithstanding any provision of the Plan or the this Agreement to the contrary, the Administrator may (subject to any requirements imposed under Code Section 409A, related regulations or other guidance) cause the Option (or portion thereof thereof) to be canceled cancelled in consideration of an alternative award or cash payment of an equivalent cash value, as determined by the AdministratorAdministrator in its sole discretion, made to the holder of such canceled AwardParticipant.

Cash Settlement. Notwithstanding any other provision of the Plan or the this Agreement to the contrary, the Administrator may (subject to any requirements imposed under Code Section 409A, related regulations or other guidance) cause the Option this Award or portion thereof to be canceled in consideration of an alternative award or cash payment of an equivalent cash value, as determined by the AdministratorAdministrator in its sole discretion, made to the holder of such canceled AwardParticipant.