Common use of Adjustment for Change in Common Stock Clause in Contracts

Adjustment for Change in Common Stock. In the event of a reorganization, recapitalization, stock split, stock dividend, combination of shares, merger, consolidation or other change in the Common Stock, the Board shall make appropriate changes in the number and type of shares authorized by this Plan, the number and type of shares covered by outstanding Options and the prices specified therein.

Appears in 5 contracts

Samples: Executive Stock Agreement (Therma Wave Inc), Executive Stock Agreement (Therma Wave Inc), Executive Stock Agreement (Therma Wave Inc)

AutoNDA by SimpleDocs

Adjustment for Change in Common Stock. In the event of a recapitalization, reorganization, recapitalization, stock split, stock dividend, combination of shares, mergerconsolidation, consolidation merger or other change in the any class of Common Stock, the Board shall shall, in order to prevent the dilution or enlargement of rights under any Option, make appropriate changes in the number and type of shares authorized by this Plan, the number and type of shares or other consideration covered by outstanding Options any unexercised Option which has not expired and its applicable Option Price as the prices specified thereinBoard determines to be appropriate and equitable.

Appears in 4 contracts

Samples: Executive Stock and Option Agreement (Bedding Experts Inc), Executive Stock and Option Agreement (Bedding Experts Inc), Executive Stock and Option Agreement (Bedding Experts Inc)

Adjustment for Change in Common Stock. In As set forth in the Plan, in the event of a reorganization, recapitalization, any change in the outstanding shares of Stock by reason of any stock split, stock dividend, combination of sharesrecapitalization, merger, consolidation consolidation, combination or other change in the Common Stock, the Board shall make appropriate changes in the number and type exchange of shares authorized by this Planor similar corporate change, the number and type of shares covered by outstanding which the Optionee may purchase pursuant to the Options and the prices specified thereinExercise Price at which the Optionee may purchase such shares shall be adjusted appropriately in the Committee’s sole discretion.

Appears in 2 contracts

Samples: Global Yum! Non Qualified Stock Option Agreement (Yum Brands Inc), Global Non Qualified Stock Option Agreement (Yum Brands Inc)

Adjustment for Change in Common Stock. In the event of a reorganization, recapitalization, any change in the outstanding shares of the Company’s Common Stock by reason of any stock split, stock dividend, recapitalization, reorganization, merger, consolidation, combination or exchange of shares, merger, consolidation spin-off or other change in the Common Stock, the Board shall make appropriate changes in the number and type of shares authorized by this Plansimilar corporate change, the number and type of shares covered by outstanding which the Participant may purchase pursuant to the Options and the prices specified thereinOption Exercise Price at which the Participant may purchase such shares shall be adjusted, to such extent (if any), determined to be appropriate and equitable by the Committee.

Appears in 1 contract

Samples: Stock Option Award Agreement (Osiris Therapeutics, Inc.)

Adjustment for Change in Common Stock. In the event of a ------------------------------------- recapitalization, reorganization, recapitalization, stock split, stock dividend, combination of shares, mergerconsolidation, consolidation merger or other change in the any class of Common Stock, the Board shall may, in order to prevent the dilution or enlargement of rights under any Option, make appropriate changes in the number and type of shares authorized by this Plan, the number and type of shares or other consideration covered by outstanding Options any unexercised Option which has not expired and its applicable Option Price as is appropriate and equitable under the prices specified thereincircumstances.

Appears in 1 contract

Samples: Executive Stock and Option Agreement (Microclock Inc)

AutoNDA by SimpleDocs

Adjustment for Change in Common Stock. In the event of a reorganization, recapitalization, any change in the outstanding shares of Common Stock by reason of any stock split, stock dividend, combination of sharesrecapitalization, merger, consolidation consolidation, combination or other change exchange of shares or similar corporate change, the shares of Restricted Stock shall all be adjusted appropriately in the Common Stock, the Board shall make appropriate changes in the number and type of shares authorized by this Plan, the number and type of shares covered by outstanding Options and the prices specified thereinCommittee’s discretion.

Appears in 1 contract

Samples: Restricted Stock Agreement (Krispy Kreme Doughnuts Inc)

Adjustment for Change in Common Stock. In the event of a reorganization, recapitalization, stock split, stock dividend, combination of shares, merger, consolidation or other change in the Common Stock, the Board Committee shall make appropriate changes in the number and type of shares authorized by this Plan, the number and type of shares covered by outstanding Options and the prices specified therein.

Appears in 1 contract

Samples: Option Rollover Agreement (Datto Holding Corp.)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!