Common use of Additional Adjustments Clause in Contracts

Additional Adjustments. In the event that there is any change in the corporate structure or outstanding shares of Stock or any other transaction for which an adjustment is not provided by §§14 or 15 of this agreement, and the Option is then unexercised (in whole or in part), the Board may, in its sole discretion, require an adjustment in the number or kind of shares of stock or securities subject to the Option or the option price and such adjustment shall be binding and effective for all purposes hereof.

Appears in 3 contracts

Samples: Non Qualified Stock Option Agreement (Advanced Drainage Systems, Inc.), Non Qualified Stock Option Agreement (Advanced Drainage Systems, Inc.), Non Qualified Stock Option Agreement (Advanced Drainage Systems, Inc.)

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Additional Adjustments. In the event that there is any change in the corporate structure or number of outstanding shares of Stock or any (other transaction than issuance of Stock for consideration approved by the Board) for which an adjustment is not provided by §§14 or 15 Paragraph 10 of this agreementAgreement, and the Option is then unexercised (in whole or in part)unexercised, the Board may, in its sole discretion, require an adjustment in the number or kind of shares of stock or securities Stock subject to the Option or and the option price and such adjustment shall be binding and effective for all purposes hereof.

Appears in 3 contracts

Samples: Nonqualified Stock Option Agreement (Precise Technology Inc), Nonqualified Stock Option Agreement (Massic Tool Mold & Die Inc), Nonqualified Stock Option Agreement (Massic Tool Mold & Die Inc)

Additional Adjustments. In the event that there is any change in the corporate structure or outstanding shares of Stock or any other transaction for which an adjustment is not provided by §§14 or 15 of this agreement, and the Option is then unexercised (in whole or in part), the Board of Directors of the Company may, in its sole discretion, require an adjustment in the number or kind of shares of stock or securities subject to the Option or the option price and such adjustment shall be binding and effective for all purposes hereof.

Appears in 2 contracts

Samples: Incentive Stock Option Agreement (Advanced Drainage Systems, Inc.), Incentive Stock Option Agreement (Advanced Drainage Systems, Inc.)

Additional Adjustments. In the event that there is any change in the corporate structure or number of outstanding shares of Stock or any other transaction for which an adjustment is not provided by §§14 or 15 Paragraph 10 of this agreementOption Agreement, and the Option is then unexercised (in whole or in part)unexercised, the Board may, in its sole discretion, require an adjustment in the number or kind of shares of stock or securities Stock subject to the Option or and the option price Option Price and such adjustment shall be binding and effective for all purposes hereof.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (First Citizens Banc Corp /Oh)

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Additional Adjustments. In the event that there is any change in the corporate structure or outstanding shares of Stock or any other transaction for which an adjustment is not provided by §§14 Sections 8 or 15 9 of this agreement, and the Option is then unexercised (in whole or in part)unexercised, the Board of Directors of the Company may, in its sole discretion, require an adjustment in the number or kind of shares of stock or securities subject to the Option or and the option price and such adjustment shall be binding and effective for all purposes hereof.

Appears in 1 contract

Samples: Non Statutory Stock Option Agreement (Lancaster Colony Corp)

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