Subdivision or Consolidation. Subject to any required action by shareholders of the Corporation, the number of shares of Stock covered by each outstanding option, and the exercise price thereof, shall be proportionately adjusted for any increase or decrease in the number of issued shares of Stock of the Corporation resulting from a subdivision or consolidation of shares, including, but not limited to, a stock split, reverse stock split, recapitalization, continuation or reclassification, or the payment of a stock dividend (but only on the Stock) or any other increase or decrease in the number of such shares effected without receipt of consideration by the Corporation. Any fraction of a share subject to option that would otherwise result from an adjustment pursuant to this Section shall be rounded downward to the next full number of shares without other compensation or consideration to the holder of such option.
SubdivisionIn the event of a stock dividend, stock split, recapitalization, combination, subdivision, issuance of rights to all stockholders, or Consolidation. Subject to any required action by shareholdersother similar corporate change, the Company shall make such adjustment in the aggregate number of Shares that may be issued under the Corporation,Plan, and the number of shares of Stock covered by each outstanding option,Shares subject to, and the exercise price thereof, shall be proportionately adjusted for any increase or decreaseExercise Price of, each then-outstanding Option, as it, in the number of issued shares of Stock of the Corporation resulting from a subdivision or consolidation of shares, including, but not limited to, a stock split, reverse stock split, recapitalization, continuation or reclassification, or the payment of a stock dividend (but only on the Stock) or any other increase or decrease in the number of such shares effected without receipt of consideration by the Corporation. Any fraction of a share subject to option that would otherwise result from an adjustment pursuant to this Section shall be rounded downward to the next full number of shares without other compensation or consideration to the holder of such option.its sole and absolute discretion, deems appropriate.
Subdivision or Consolidation. Subject to any required action by shareholders of the Corporation,Adjustments. If the number of outstanding shares of Stock covered by each outstanding option, andis increased or decreased or the exercise price thereof, shall be proportionately adjusted for any increase or decrease in the number of issued shares of Stock are changed into or exchanged for a different number of shares or kind of capital stock or other securities of the Corporation resulting from a subdivision or consolidationCompany on account of shares, including, but not limited to, aany recapitalization, reclassification, stock split, reverse stock split, recapitalization, continuation or reclassification, or the paymentspin-off, combination of astock, exchange of stock, stock dividend (but only on the Stock) or anyother distribution payable in capital stock, or other increase or decrease in the numbershares of such sharesStock effected without receipt of consideration by the Corporation. Any fraction of a share subject to option that would otherwise result from an adjustment pursuant to this Section shall be rounded downward toCompany, then the next full number of shares without other compensationgranted under this Option and the Option Price shall be adjusted proportionately. No adjustment shall be made in connection with the payment by the Company of any cash dividend on its Stock or considerationin connection with the issuance by the Company of any warrants, rights, or options to the holderacquire additional shares of such option.Stock or of securities convertible into Stock.
Subdivision or Consolidation. Subject to any required action by shareholders of the Corporation,Adjustments. If the number of outstanding shares of Stock covered by each outstanding option, andis increased or decreased or the exercise price thereof, shall be proportionately adjusted for any increase or decrease in the number of issued shares of Stock are changed into or exchanged for a different number of shares or kind of capital stock or other securities of the Corporation resulting from a subdivision or consolidationCompany on account of shares, including, but not limited to, aany recapitalization, reclassification, stock split, reverse stock split, recapitalization, continuation or reclassification, or the paymentspin-off, combination of astock, exchange of stock, stock dividend (but only on the Stock) or anyother distribution payable in capital stock, or other increase or decrease in the numbershares of such sharesStock effected without receipt of consideration by the Corporation. Any fraction of a share subject to option that would otherwise result from an adjustment pursuant to this Section shall be rounded downward toCompany, then the next full number of shares without other compensationgranted under this Option and the Option Price shall be adjusted proportionately. No adjustment shall be made in connection with the payment by the Company of any ordinary cash dividend on its Stock or considerationin connection with the issuance by the Company of any warrants, rights, or options to the holderacquire additional shares of such option.Stock or of securities convertible into Stock.
Subdivision or Consolidation. Subject to any required action by shareholders of the Corporation, theThe aggregate number of shares of Stock covered by each outstandingavailable for options under this Plan, the shares subject to any option, and the exerciseoption price thereof,provided for in the option agreements then outstanding shall be proportionately adjusted forto reflect any change in the number or kind of shares of stock resulting from: # a subdivision or consolidation of shares or any other capital adjustment, # the payment of a dividend, # an increase or decrease in the number of issued shares of Stock of the Corporation resulting from a subdivision or consolidation of shares, including, but not limited to, aissued stock split, reverse stock split, recapitalization, continuation or reclassification, or the payment of a stock dividend (but only on the Stock) or any other increase or decrease in the number of such shares effected without receipt of consideration by the Corporation. Any fractionCompany (other than contributions of stock by the Company to any employee benefit plan), or # any transaction or occurrence which, in the judgment of the Committee, has a similar effect on the stock. Such an adjustment shall be made in any manner deemed by the Committee to equitably prevent the substantial dissolution or enlargement of the rights granted to, or available for, optionees under the Plan. In the event of a share subject to option that woulddissolution or liquidation of the Company or a merger, consolidation, sale of all or substantially all of its assets, or other corporate reorganization in which the Company is not the surviving corporation (other than a mere redomestication or similar transaction in which the operations and control are not materially affected), notwithstanding the terms and conditions otherwise result from an adjustment pursuant to this Sectionset forth in the Plan, all options previously granted and still outstanding shall be rounded downward to the next full number of shares without other compensation or consideration to the holder of such option.become exercisable.
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