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Adjustment in Option Shares
Adjustment in Option Shares contract clause examples

Adjustment in Option Shares. Should any change be made to the Common Stock by reason of any stock split, reverse stock split, stock dividend, recapitalization, combination of shares, exchange of shares, reorganization, merger, consolidation, split-up, spin-off, or other change affecting the outstanding Common Stock as a class without the Company’s receipt of consideration, appropriate adjustments shall be made to # the total number and/or class of securities subject to this option and # the Exercise Price in order to reflect such change and thereby preclude a dilution or enlargement of benefits hereunder.

Adjustment in Option Shares. Should any change be made to the Common Stock by reason of any stock split, reverse stock split, stock dividend, recapitalization, combination of shares, exchange of shares, reorganization, merger, consolidation, split-up, spin-off, or other change affecting the outstanding Common Stock as a class without the Company’s receipt of consideration, appropriate adjustments shall be made to # the total number and/or class of securities subject to this option and # the Exercise Price in order to reflect such change and thereby preclude a dilution or enlargement of benefits hereunder.

Adjustment in Option Shares. Should any change be made to the Common Stock by reason of any stock split, reverse stock split, stock dividend, recapitalization, combination of shares, exchange of shares, reorganization, merger, consolidation, split-up, spin-off, or other change affecting the outstanding Common Stock as a class without the Company’s receipt of consideration, appropriate adjustments shall be made to # the total number and/or class of securities subject to this option and # the Exercise Price in order to reflect such change and thereby preclude a dilution or enlargement of benefits hereunder.

Adjustment in Option Shares. Should any change be made to the Common Stock by reason of any stock split, reverse stock split, stock dividend, recapitalization, combination of shares, exchange of shares, reorganization, merger, consolidation, split-up, 1">spin-off,1">spinoff, or other change affecting the outstanding Common Stock as a class without the Company’s receipt of consideration, appropriate adjustments shall be made to # the total number and/or class of securities subject to this option and # the Exercise Price in order to reflect such change and thereby preclude a dilution or enlargement of benefits hereunder.

Adjustment 1">in1">to Option Shares. Should any change be made to the 3">outstanding Common Stock by reason of any5"> stock split, reverse stock split, stock dividend, recapitalization, combination of shares, exchange of shares, 7">reorganization, merger, consolidation, split-up, spin-9">off,9">off transaction or other change affecting the outstanding Common Stock as a class without the 11">Company’11">Corporation’s receipt of consideration, 13">appropriate13">or should the value of outstanding shares of Common Stock be substantially reduced as a result of a spin-off transaction or an extraordinary dividend or distribution, 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 15">Price15">Price. The adjustments shall be made by the Plan Administrator in such manner as the Plan Administrator deems appropriate in order to reflect such 17">change17">change, and 19">thereby preclude a dilution or enlargement of benefits hereunder.19">those adjustments shall be final, binding and conclusive.

Adjustment in Option Shares. 1">Should any change be made to1">In the 3">Common Stock by reason3">event of any 5">stock split, reverse stock split, stock dividend, recapitalization, combination of 7">shares, exchange of shares, reorganization, merger, consolidation, split-up, spin-off, or other change7">the following transactions affecting the outstanding Common Stock as a class without the 9">Company’9">Corporation’s receipt of 11">consideration, appropriate11">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 13">such manner as the Plan Administrator deems appropriate in order to reflect such change and thereby 15">preclude a15">prevent the dilution or enlargement of benefits hereunder.

Adjustment in Option Shares. 1">Should any change be made to1">In the 3">Common Stock by reason3">event of any 5">stock split, reverse stock split, stock dividend, recapitalization, combination of 7">shares, exchange of shares, reorganization, merger, consolidation, split-up, spin-off, or other change7">the following transactions affecting the outstanding Common Stock as a class without the 9">Company’9">Corporation’s receipt of 11">consideration, appropriate11">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 13">such manner as the Plan Administrator deems appropriate in order to reflect such change and thereby 15">preclude a15">prevent the dilution or enlargement of benefits hereunder.

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