Common use of Adjustment for Subdivisions and Certain Dividends and Distributions Clause in Contracts

Adjustment for Subdivisions and Certain Dividends and Distributions. If the ------------------------------------------------------------------- Company shall at any time (i) make subdivision of shares of Common Stock outstanding or (ii) pay a dividend or make a distribution in shares of Common Stock, the Purchase Price in effect immediately prior to such action shall be proportionately decreased, and in case the Company shall at any time reduce the number of shares of Common Stock outstanding, by combination or otherwise, the Purchase Price in effect immediately prior to such combination shall be proportionately increased. Any adjustment made pursuant to this Section 3.1 shall, in the case of a subdivision or combination, become effective as of the effective date thereof, and shall, in the case of a dividend or distribution, become effective as of the close of business of the record date for the determination of shareholders entitled thereto.

Adjustment for Subdivisions and Certain Dividends and Distributions. If the ------------------------------------------------------------------- Company shall at any time (i) make subdivision of shares of Common Stock outstanding or (ii) pay a dividend or make a distribution in shares of Common Stock, the Purchase Price in effect immediately prior to such action shall be proportionately decreased, and in case the Company shall at any time reduce the number of shares of Common Stock outstanding, by combination or otherwise, the Purchase Price in effect immediately prior to such combination shall be proportionately increased. Any adjustment made pursuant to this Section 3.1 shall, in the case of a subdivision or combination, become effective as of the effective date thereof, and shall, in the case of a dividend or distribution, become effective as of the close of business of the record date for the determination of shareholders entitled thereto.