Adjustment in Certain Events. (a) In the event of any stock dividend or stock split, the Company (subject to any required action by the shareholders of the Company) shall make such equitable adjustments as are necessary and appropriate to protect the Option from dilution in the number, kind and the exercise price of the Option Shares underlying the Option; provided, however, that the Company shall not be required to make any such adjustments in the event of a change which does not result in a dilution of at least ten percent (10%) in the number or exercise price of the Option Shares.
Appears in 8 contracts
Samples: Director Stock Option Agreement (Margo Nursery Farms Inc), Director Stock Option Agreement (Margo Nursery Farms Inc), Director Stock Option Agreement (Margo Nursery Farms Inc)
