Adjustment for Changes in Common Stock. In the event of changes in the outstanding Common Stock of the Company by reason of split--ups, recapitalizations, reclassifications, mergers, consolidations, combinations or exchanges of shares, separations, reorganizations, liquidations, or the like, the number and class of shares available under the Warrant in the aggregate and the Warrant Price shall be correspondingly adjusted by the Board of Directors of the Company. The adjustment shall be such as will give the Holder on exercise for the same aggregate Warrant Price the total number, class, and kind of shares as the Holder would have owned had the Warrant been exercised prior to the event and had the Holder continued to hold such shares until after the event requiring adjustment.
Adjustment for Changes in Common Stock. In the event that at any time on or after the Issue Date or from time to time the Company shall (i) pay a dividend or make a distribution on its Common Stock payable in shares of its Common Stock or other equity interests of the Company, (ii) subdivide any of its outstanding shares of Common Stock into a larger number of shares of Common Stock, (iii) combine any of its outstanding shares of Common Stock into a smaller number of shares of Common Stock or (iv) increase or decrease the number of shares of Common Stock outstanding by reclassification of its Common Stock, then the number of shares of Common Stock issuable upon exercise of each Preference Warrant immediately after the happening of such event shall be adjusted to a number determined by multiplying the number of shares of Common Stock that such holder would have owned or have been entitled to receive upon exercise had such Warrants been exercised immediately prior to the happening of the events described above (or, in the case of a dividend or distribution of Common Stock or other shares of Capital Stock, immediately prior to the record date therefor) by a fraction, the numerator of which shall be the total number of shares of Common Stock outstanding immediately after the happening of the events described above and the denominator of which shall be the total number of shares of Common Stock outstanding immediately prior to the happening of the events described above; and subject to Section 5.01(n), the Preference Exercise Price for each Preference Warrant shall be adjusted to a number determined by dividing the Preference Exercise Price immediately prior to such event by the aforementioned fraction. An adjustment made pursuant to this Section 5.01(a) shall become effective immediately after the effective date of such event, retroactive to the record date therefor in the case of a dividend or distribution in shares of Common Stock or other shares of the Company's capital stock.
Adjustment for Changes in Common Stock. In the event of changes in the outstanding Common Stock of the Company by reason of split-ups, recapitalizations, reclassifications, mergers, consolidations, combinations or exchanges of shares, separations, reorganizations, liquidations, or the like, occurring after the Company completes its voluntary reorganzation/recapitalization plan as set forth in the Private Placement Memorandum dated October 1, 1996, the number and class of shares available under the Warrant in the aggregate and the Warrant Price shall be correspondingly adjusted by the Board of Directors of the Company. The adjustment shall be such as will give the holder of the Warrant on exercise for the same aggregate Warrant Price the total number, class, and kind of shares as he would have owned had the Warrant been exercised prior to the event and had he continued to hold such shares until after the event requiring adjustment.
Adjustment for Changes in Common Stock. In the event of changes in the outstanding Common Stock of the Company by reason of split- ups, recapitalizations, reclassifications, mergers, consolidations, combinations or exchanges of shares, separations, reorganizations, liquidations, or the like, the number and class of shares available under the 193 Warrant in the aggregate and the Warrant Price shall be correspondingly adjusted by the Board of Directors of the Company. The adjustment shall be such as will give the holder of the Warrant on exercise for the same aggregate Warrant Price the total number, class, and kind of shares as he would have owned had the Warrant been exercised prior to the event and had he continued to hold such shares until after the event requiring adjustment.
Adjustment for Changes in Common Stock. If the Company pays a dividend or makes a distribution on its Common Stock in shares of its Common Stock, subdivides its outstanding shares of Common Stock into a greater number of shares, combines its outstanding shares of Common Stock into a smaller number of shares, or issues by reclassification of its Common Stock any other shares of capital stock (each, an “Adjustment Event”), the number of Warrant Shares issuable hereunder immediately prior to such action shall be proportionately adjusted so that the Holder will receive upon exercise, the aggregate number and kind of shares of capital stock of the Company which the Holder would have owned immediately following such action if the Holder had exercised this Warrant immediately prior to such Adjustment Event, and the Exercise Price in effect hereunder immediately prior to such action shall be proportionately adjusted so that the Holder shall pay upon exercise, the aggregate amount which the Holder would have paid if the Holder had exercised this Warrant immediately upon to such Adjustment Event. The adjustment shall become effective immediately upon the record date in the case of a dividend or distribution and immediately after the effective date in the case of a subdivision, combination or reclassification.
Adjustment for Changes in Common Stock. (a) (i) If at any time or from time to time the Company:
(A) pays a dividend or makes a distribution on its Common Stock payable in shares of its Common Stock or other capital stock or equity interests of the Company;
(B) subdivides any of its outstanding shares of Common Stock into a larger number of shares of Common Stock;
(C) combines any of its outstanding shares of Common Stock into a smaller number of shares of Common Stock; or
(D) increases or decreases the number of shares of Common Stock outstanding by reclassification of its Common Stock, then
Adjustment for Changes in Common Stock. If the Corporation:
(i) subdivides its outstanding shares of Common Stock into a greater number of shares;
(ii) combines its outstanding shares of Common Stock into a smaller number of shares;
(iii) issues by reclassification of its Common stock any shares of its capital stock; or
(iv) declares a stock dividend, stock split or effects any other similar distribution consisting solely of shares of Common Stock payable in respect of Common Stock;
Adjustment for Changes in Common Stock. In the event of any change in the number of shares of Common Stock outstanding by reason of any stock dividend or split, recapitalization, merger, consolidation, combination or exchange of shares or similar corporate change, the maximum aggregate number of shares of Common Stock which may be purchased under the Plan, and the maximum number of shares that may be purchased by any Participant on any Exercise Date pursuant to the last sentence of Section 8 hereof, shall be appropriately adjusted by the Committee. In the event of any change in the number of shares of Common Stock outstanding by reason of any other event or transaction the Committee may, but need not, make such adjustments in the number and class of shares of Common Stock which may be purchased under the Plan as the Committee may deem appropriate.
Adjustment for Changes in Common Stock. In the event that adjustments are made in the number of outstanding shares of Common Stock or the shares are exchanged for a different class of stock of the Corporation or for shares of stock of any other corporation by reason of merger, consolidation, stock dividend, stock split or otherwise, the Committee may make appropriate adjustments in (i) the number and class of shares or other securities that may be reserved for purchase hereunder, and (ii) the Option Price. All such adjustments shall be made in the sole discretion of the Committee, and its decision shall be binding and conclusive.
Adjustment for Changes in Common Stock. In the event of changes in the outstanding Common Stock of the Company by reason of stock splits, recapitalizations, reclassifications, mergers, consolidations, combinations or exchanges of shares, separations, reorganizations, liquidations, or the like, the number and class of shares available under the Warrant in the aggregate and the Warrant Price shall be correspondingly adjusted by the Board of Directors of the Company. The adjustment shall be such as will give the Holder on exercise for the same aggregate Warrant Price the total number, class, and kind of shares as the Holder would have owned had the Warrant been exercised immediately prior to the event and had the Holder continued to hold such shares until after the event requiring adjustment. The foregoing provisions of subparagraph (b) notwithstanding, if at any time while this Warrant, or any portion thereof, is outstanding and unexpired there shall be (i) a reorganization (other than a combination, reclassification, exchange or subdivision of shares otherwise provided herein), (ii) a merger or consolidation of the Company with or into another entity in which the Company is not the surviving entity, or a reverse triangular merger in which the Company is the surviving entity but the shares of the Company's capital stock outstanding immediately prior to the merger are converted by virtue of the merger into other property, or (iii) a sale or transfer of all or substantially all the Company's properties and assets to any other person and further, if as part of such reorganization, merger, sale or transfer the Holder is entitled to exercise the Warrant or any portion thereof and, upon payment of the Warrant Price in effect at the time, is entitled to receive that number of shares of the successor corporation resulting from such reorganization, merger, sale or transfer deliverable upon exercise of the Warrant and thereupon exchangeable into shares of the successor corporation, but further, such Holder shall fail or refuse to exercise the Warrant or any portion then outstanding, then this Warrant or any outstanding portion thereof shall terminate upon the lapse of ten (10) calendar days following such failure or refusal to exercise the Warrant and/or any portions thereof remaining outstanding and unexpired as of the effective date of the reorganization, merger, sale or transfer.
