Common use of ADJUSTMENT FOR REORGANIZATION OR MERGER Clause in Contracts

ADJUSTMENT FOR REORGANIZATION OR MERGER. In the event that outstanding shares of Stock are hereafter changed into or exchanged for a different number or kind of shares of stock or securities of the Company or of another corporation or corporations, whether as a result of a reorganization, recapitalization, reclassification, merger, consolidation or otherwise, and the Option is then unexercised (in whole or in part), the Option and the option price shall thereupon be adjusted to apply to the number and kind of shares of stock or securities which would have been received for the shares of Stock subject to the unexercised portion of the Option if such shares of Stock had been outstanding at the time of such reorganization, recapitalization, reclassification, merger, consolidation or other event.

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