Adjustment for Changes in Capitalization. As described in Section 15 of the Plan, in the event of changes in the outstanding stock of the Company by reason of stock dividends, recapitalization, mergers, consolidations, split-ups, combinations or exchanges of shares and the like, occurring after the date hereof, the number of shares covered by this Agreement and the price thereof shall be adjusted to the same proportionate number of shares and price as set forth in Section 2 of this Agreement.
Appears in 4 contracts
Samples: Employee Non Qualified Stock Option Agreement (Novation Companies, Inc.), Employee Non Qualified Stock Option Agreement (Novation Companies, Inc.), Employee Non Qualified Stock Option Agreement (Novation Companies, Inc.)
