Common use of Adjustment By Stock Split, Stock Dividend, Etc Clause in Contracts

Adjustment By Stock Split, Stock Dividend, Etc. If at any time the ------------------------------------------------ Company increases or decreases the number of its outstanding shares of Common Stock, or changes in any way the rights and privileges of such shares, by means of the payment of a stock dividend or the making of any other distribution on such shares payable in its Common Stock, or through a stock split or subdivision of shares, or a consolidation or combination of shares, or through a reclassification or recapitalization involving its Common Stock, the numbers, rights and privileges of the shares of Common Stock included in the Option shall be increased, decreased or changed in like manner as if such shares had been issued and outstanding, fully paid and nonassessable, at the time of such occurrence, and the exercise price shall be adjusted accordingly.

Appears in 4 contracts

Samples: Stock Option Agreement (Siberian Energy Group Inc.), Stock Option Agreement (Siberian Energy Group Inc.), Stock Option Agreement (Siberian Energy Group Inc.)

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Adjustment By Stock Split, Stock Dividend, Etc. If at any time the ------------------------------------------------ Company increases or decreases the number of its outstanding shares of Common Stock, or changes in any way the rights and privileges of such sharesits Common Stock, by means of the payment of a stock dividend or the making of any other distribution on of such shares payable in its Common Stock, or through a stock split or subdivision of sharesshares of Common Stock, or a consolidation or combination of sharesshares of Common Stock, or through a reclassification or recapitalization involving its the Common Stock, the numbers, rights and privileges of the shares of Common Stock included in the Option shall be increased, decreased or changed in like manner as if such shares of Common Stock had been issued and outstanding, fully paid and nonassessable, non-assessable at the time of such occurrence, and the exercise price shall be adjusted accordingly.

Appears in 3 contracts

Samples: Employment Agreement (Unicorp Inc /New), Employment Agreement (Unicorp Inc /New), Employment Agreement (Unicorp Inc /New)

Adjustment By Stock Split, Stock Dividend, Etc. If at any time the ------------------------------------------------ Company increases or decreases the number of its outstanding shares of Common Stock, or changes in any way the rights and privileges of such shares, by means of the payment of a stock dividend or the making of any other distribution on such shares payable in its Common Stock, or through a stock split or subdivision of shares, or a consolidation or combination of shares, or through a reclassification or recapitalization involving its Common Stock, the numbers, rights and privileges of the shares of Common Stock included in the Option shall be increased, decreased or changed in like manner as if such shares had been issued and outstanding, fully paid and nonassessable, at the time of such occurrence, and the exercise price Option Price shall be adjusted accordingly.

Appears in 2 contracts

Samples: Stock Option Agreement (AspenBio Pharma, Inc.), Stock Option Agreement (One Link 4 Travel Inc)

Adjustment By Stock Split, Stock Dividend, Etc. If at any time the ------------------------------------------------ Company Corporation increases or decreases the number of its outstanding shares of Common Stock, or changes in any way the rights and privileges of such shares, by means of the payment of a stock slock dividend or the making of any other distribution on such shares payable in its Common Stock, or through a stock split or subdivision of shares, or a consolidation or combination of shares, or through a reclassification or recapitalization involving its Common Stock, the numbers, rights rights, and privileges of the shares of Common Stock included in the Option shall be increased, decreased or changed in like manner as if such shares had been issued and outstanding, fully paid and nonassessable, nonassessable at the time of such occurrence, and the exercise price shall be adjusted accordingly.

Appears in 1 contract

Samples: Stock Option Agreement (Gold Resource Corp)

Adjustment By Stock Split, Stock Dividend, Etc. If at any time the ------------------------------------------------ Company increases or decreases the number of its outstanding shares of Common Stock, or changes in any way the rights right and privileges of such sharesits Common Stock, by means of the payment of a stock dividend or the making of any other distribution on such shares payable in its Common Stock, or through a stock split or subdivision of sharesshares of Common Stock, or a consolidation or combination of sharesshares of Common Stock, or through a reclassification or recapitalization involving its the Common Stock, the numbers, rights and privileges of the shares of Common Stock included in the Option shall be increased, decreased or changed in like manner as if such shares of Common Stock had been issued and outstanding, fully paid and nonassessable, non-assessable at the time of such occurrence, and the exercise price shall be adjusted accordingly.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Brightstar Information Technology Group Inc)

Adjustment By Stock Split, Stock Dividend, Etc. If at any time the ------------------------------------------------ Company increases or decreases the number of its outstanding shares of Common Stock, or changes in any way the rights and privileges of such sharesits Common Stock, by means of the payment of a stock dividend or the making of any other distribution on such shares payable in its Common Stock, or through though a stock split or subdivision of sharesshares of Common Stock, or a consolidation or combination of sharesshares of Common Stock, or through a reclassification or recapitalization involving its the Common Stock, the numbers, rights and privileges of the shares of Common Stock included in the Option shall be increased, decreased or changed in like manner as if such shares of Stock had been issued and outstanding, fully paid and nonassessable, non-assessable at the time of such occurrence, and the exercise price shall be adjusted accordingly.. 2

Appears in 1 contract

Samples: Option Agreement (Brightstar Information Technology Group Inc)

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Adjustment By Stock Split, Stock Dividend, Etc. If at any time ---------------------------------------------- the ------------------------------------------------ Company increases or decreases the number of its outstanding shares of Common Stock, or changes in any way the rights and privileges of such shares, by means of the payment of a stock dividend or the making of any other distribution on such shares payable in its Common Stock, or through a stock Stock split or subdivision of shares, or a consolidation or combination of shares, or through a reclassification or recapitalization involving its Common the Stock, the numbers, rights and privileges of the shares of Common Stock included in the Option shall be increased, decreased or changed in like manner as if such shares had been issued and outstanding, fully paid and nonassessable, non-assessable at the time of such occurrence, and the exercise price shall be adjusted accordingly.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Qwest Communications International Inc)

Adjustment By Stock Split, Stock Dividend, Etc. If at any time the ------------------------------------------------ ----------------------------------------------- Company increases or decreases the number of its outstanding shares of Common Stock, or changes in any way the rights and privileges of such shares, by means of the payment of a stock dividend or the making of any other distribution on such shares payable in its Common Stock, or through a stock split or subdivision of shares, or a consolidation or combination of shares, or through a reclassification or recapitalization involving its Common Stock, the numbers, rights and privileges of the shares of Common Stock included in the Option shall be increased, decreased or changed in like manner as if such shares had been issued and outstanding, fully paid and nonassessable, at the time of such occurrence, and the exercise price shall be adjusted accordingly.

Appears in 1 contract

Samples: Stock Option Agreement (Siberian Energy Group Inc.)

Adjustment By Stock Split, Stock Dividend, Etc. If at any time the ------------------------------------------------ Company increases or decreases the number of its outstanding shares of Common Stock, or changes in any way the rights and privileges of such sharesits Common Stock, by means of the payment of a stock dividend or the making of any other distribution on such shares payable in its Common Stock, or through though a stock split or subdivision of sharesshares of Common Stock, or a consolidation or combination of sharesshares of Common Stock, or through a reclassification or recapitalization involving its the Common Stock, the numbers, rights and privileges of the shares of Common Stock included in the Option shall be increased, decreased or changed in like manner as if such shares of Stock had been issued and outstanding, fully paid and nonassessable, non-assessable at the time of such occurrence, and the exercise price shall be adjusted accordingly.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Woodson Louis)

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