Common use of Adjustment Based Upon Stock Dividends, or Combination of Shares Clause in Contracts

Adjustment Based Upon Stock Dividends, or Combination of Shares. The Conversion Price shall be adjusted in the manner described in the remainder of this Section 3.2 if the outstanding shares of the Common Stock shall be subdivided into a greater number of shares or a dividend in Common Stock shall be paid in respect of Common Stock, the Conversion Price in effect immediately prior to such subdivision or at the record date of such dividend shall simultaneously with the effectiveness of such subdivision or immediately after the record date of such dividend be proportionately reduced. If the outstanding shares of Common Stock shall be combined into a smaller number of shares, the Conversion Price in effect immediately prior to such combination shall, simultaneously with the effectiveness of such combination, be proportionately increased.