Common use of ADJUSTMENT FOR STOCK DIVIDEND OR STOCK SPLIT Clause in Contracts

ADJUSTMENT FOR STOCK DIVIDEND OR STOCK SPLIT. In the event that a dividend is hereafter paid on outstanding shares of Stock in shares of Stock, or in the event that the number of outstanding shares of Stock is hereafter increased as a result of a stock split, and the Option is then unexercised (in whole or in part), the number of Option Shares shall thereupon be increased to include the number of shares of Stock which would have been distributed with respect to the shares of Stock subject to the unexercised portion of the Option if such shares of Stock had been outstanding at the time of the dividend or stock split, and the option price per share shall be adjusted to reflect such increased number of Option Shares.

ADJUSTMENT FOR STOCK DIVIDEND OR STOCK SPLIT. In the event that a dividend is hereafter paid on outstanding shares of Stock in shares of such Stock, or in the event that the number of outstanding shares of Stock is hereafter increased as a result of a stock split, and the Option is then unexercised (in whole or in part)unexercised, the number of shares of Stock subject to the Option Shares shall thereupon be increased to include the by that number of shares of Stock which would have been distributed with respect to 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 the dividend or stock split, split and the option price per share shall be adjusted to reflect such increased number of Option Sharesshares of Stock subject to the Option.