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Adjustment in Option Shares
Adjustment in Option Shares contract clause examples

Adjustment in Option Shares. In the event of any of the following transactions affecting the outstanding Common Stock as a class without the Corporation’s receipt of consideration: any stock split, stock dividend, spin-off transaction, extraordinary distribution (whether in cash, securities or other property), recapitalization, combination of shares, exchange of shares or other similar transaction affecting the outstanding Common Stock without the Corporation’s receipt of consideration or in the event of a substantial reduction to the value of the outstanding shares of Common Stock by reason of a spin-off transaction or extraordinary distribution, then equitable adjustments shall be made to # the total number and/or class of securities subject to this option and # the Exercise Price in such manner as the Plan Administrator deems appropriate in order to reflect such change and thereby prevent the dilution or enlargement of benefits hereunder.

Adjustment 1">in1">to Option Shares. 3">In3">Should any change be made to the 5">event5">outstanding Common Stock by reason of any 7">stock split, stock dividend, recapitalization, combination of 9">the following transactions9">shares, exchange of shares, spin-off transaction or other change affecting the outstanding Common Stock as a class without the Corporation’s receipt of 11">consideration: any stock split, stock dividend, spin-off transaction, extraordinary distribution (whether in cash, securities11">consideration, or 13">other property), recapitalization, combination of shares, exchange of shares or other similar transaction affecting the outstanding Common Stock without the Corporation’s receipt of consideration or in the event of a substantial reduction to13">should the value of15"> the outstanding shares of Common Stock 17">by reason17">be substantially reduced as a result of a spin-off transaction or 19">an extraordinary 21">dividend or distribution,23"> or should there occur any merger, consolidation, reincorporation or other reorganization, then equitable adjustments shall be made to # the total number and/or class of securities subject to this option and # the Exercise 25">Price25">Price. The adjustments shall be made by the Plan Administrator in such manner as the Plan Administrator deems appropriate in order to reflect such 27">change27">change, and 29">thereby prevent the dilution or enlargement of benefits hereunder.29">those adjustments shall be final, binding and conclusive.

Adjustment in Option Shares. 1">In1">Should any change be made to the 3">event3">Common Stock by reason of any 5">stock split, reverse stock split, stock dividend, recapitalization, combination of 7">the following transactions7">shares, exchange of shares, reorganization, merger, consolidation, split-up, spin-off, or other change affecting the outstanding Common Stock as a class without the 9">Corporation’9">Company’s receipt of 11">consideration: any stock split, stock dividend, spin-off transaction, extraordinary distribution (whether in cash, securities or other property), recapitalization, combination of shares, exchange of shares or other similar transaction affecting the outstanding Common Stock without the Corporation’s receipt of consideration or in the event of a substantial reduction to the value of the outstanding shares of Common Stock by reason of a spin-off transaction or extraordinary distribution, then equitable11">consideration, appropriate adjustments shall be made to # the total number and/or class of securities subject to this option and # the Exercise Price in 13">such manner as the Plan Administrator deems appropriate in order to reflect such change and thereby 15">prevent the15">preclude a dilution or enlargement of benefits hereunder.

Adjustment in Option Shares. 1">In1">Should any change be made to the 3">event3">Common Stock by reason of any 5">stock split, reverse stock split, stock dividend, recapitalization, combination of 7">the following transactions7">shares, exchange of shares, reorganization, merger, consolidation, split-up, spin-off, or other change affecting the outstanding Common Stock as a class without the 9">Corporation’9">Company’s receipt of 11">consideration: any stock split, stock dividend, spin-off transaction, extraordinary distribution (whether in cash, securities or other property), recapitalization, combination of shares, exchange of shares or other similar transaction affecting the outstanding Common Stock without the Corporation’s receipt of consideration or in the event of a substantial reduction to the value of the outstanding shares of Common Stock by reason of a spin-off transaction or extraordinary distribution, then equitable11">consideration, appropriate adjustments shall be made to # the total number and/or class of securities subject to this option and # the Exercise Price in 13">such manner as the Plan Administrator deems appropriate in order to reflect such change and thereby 15">prevent the15">preclude a dilution or enlargement of benefits hereunder.

Adjustment in Option Shares. 1">In1">Should any change be made to the 3">event3">Common Stock by reason of any 5">stock split, reverse stock split, stock dividend, recapitalization, combination of 7">the following transactions7">shares, exchange of shares, reorganization, merger, consolidation, split-up, spin-off, or other change affecting the outstanding Common Stock as a class without the 9">Corporation’9">Company’s receipt of 11">consideration: any stock split, stock dividend, spin-off transaction, extraordinary distribution (whether in cash, securities or other property), recapitalization, combination of shares, exchange of shares or other similar transaction affecting the outstanding Common Stock without the Corporation’s receipt of consideration or in the event of a substantial reduction to the value of the outstanding shares of Common Stock by reason of a spin-off transaction or extraordinary distribution, then equitable11">consideration, appropriate adjustments shall be made to # the total number and/or class of securities subject to this option and # the Exercise Price in 13">such manner as the Plan Administrator deems appropriate in order to reflect such change and thereby 15">prevent the15">preclude a dilution or enlargement of benefits hereunder.

Adjustment in Option Shares. 1">In1">Should any change be made to the 3">event3">Common Stock by reason of any 5">stock split, reverse stock split, stock dividend, recapitalization, combination of 7">the following transactions7">shares, exchange of shares, reorganization, merger, consolidation, split-up, spin-off, or other change affecting the outstanding Common Stock as a class without the 9">Corporation’9">Company’s receipt of 11">consideration: any stock split, stock dividend, spin-off transaction, extraordinary distribution (whether in cash, securities or other property), recapitalization, combination of shares, exchange of shares or other similar transaction affecting the outstanding Common Stock without the Corporation’s receipt of consideration or in the event of a substantial reduction to the value of the outstanding shares of Common Stock by reason of a spin-off transaction or extraordinary distribution, then equitable11">consideration, appropriate adjustments shall be made to # the total number and/or class of securities subject to this option and # the Exercise Price in 13">such manner as the Plan Administrator deems appropriate in order to reflect such change and thereby 15">prevent the15">preclude a dilution or enlargement of benefits hereunder.

Adjustment in Option Shares. 1">In1">Should any change be made to the 3">event3">Common Stock by reason of any 5">stock split, reverse stock split, stock dividend, recapitalization, combination of 7">the following transactions7">shares, exchange of shares, reorganization, merger, consolidation, split-up, spinoff, or other change affecting the outstanding Common Stock as a class without the 9">Corporation’9">Company’s receipt of 11">consideration: any stock split, stock dividend, spin-off transaction, extraordinary distribution (whether in cash, securities or other property), recapitalization, combination of shares, exchange of shares or other similar transaction affecting the outstanding Common Stock without the Corporation’s receipt of consideration or in the event of a substantial reduction to the value of the outstanding shares of Common Stock by reason of a spin-off transaction or extraordinary distribution, then equitable11">consideration, appropriate adjustments shall be made to # the total number and/or class of securities subject to this option and # the Exercise Price in 13">such manner as the Plan Administrator deems appropriate in order to reflect such change and thereby 15">prevent the15">preclude a dilution or enlargement of benefits hereunder.

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