Common use of ADJUSTMENT FOR REORGANIZATION OR MERGER Clause in Contracts

ADJUSTMENT FOR REORGANIZATION OR MERGER. In the event that outstanding Shares are hereafter changed into or exchanged for a different number or kind of shares of stock or securities of another corporation or corporations, whether as a result of a reorganization, recapitalization, reclassification, merger, consolidation or otherwise, and the Options are then unexercised, the Options and the Option Price shall thereupon be adjusted to cover the number and kind of Shares or securities which would have been received for the Shares subject to the Options if the Shares subject to the Options had been outstanding at the time of such reorganization, recapitalization, reclassification, merger, consolidation or any other event.