Common use of Stock Option Plan Clause in Contracts

Stock Option Plan. This Agreement is entered into pursuant to the terms of the Lowrance Electronics, Inc. 2001 Stock Option Plan, as it may be amended from time to time (the "Plan"), which is incorporated herein and made a part hereof for all purposes. To the fullest extent possible, the terms of this Agreement shall be interpreted in a manner consistent with the terms of the Plan; however, to the extent that any provision of this Agreement conflicts with the express terms of the Plan, it is hereby acknowledged and agreed that the terms of the Plan shall control and, if necessary, the applicable provisions of this Agreement shall be deemed amended so as to carry out the purpose and intent of the Plan; provided, however, under no circumstances shall this Agreement be amended to allow exercise of the Option or any part thereof prior to the occurrence of the events described in Section 4.

Appears in 16 contracts

Samples: Nonqualified Stock Option Agreement (Lowrance Electronics Inc), Incentive Stock Option Agreement (Lowrance Electronics Inc), Nonqualified Stock Option Agreement (Lowrance Electronics Inc)

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Stock Option Plan. This Agreement Xxxx Xxxxxxxxx is entered into pursuant to the terms of the Lowrance Electronics, Inc. 2001 Stock Option Plan, as it may be amended from time to time (the "Plan"), which is incorporated herein and made a part hereof for all purposes. To the fullest extent possible, the terms of this Agreement shall be interpreted in a manner consistent with the terms of the Plan; however, to the extent that any provision of this Agreement conflicts with the express terms of the Plan, it is hereby acknowledged and agreed that the terms of the Plan shall control and, if necessary, the applicable provisions of this Agreement shall be deemed amended so as to carry out the purpose and intent of the Plan; provided, however, under no circumstances shall this Agreement be amended to allow exercise of the Option or any part thereof prior to the occurrence of the events described in Section 4.

Appears in 2 contracts

Samples: Incentive Stock Option Agreement (Lowrance Electronics Inc), Incentive Stock Option Agreement (Lowrance Electronics Inc)

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