Common use of Adjustment in Certain Events Clause in Contracts

Adjustment in Certain Events. In the event of any merger, reorganization, consolidation, sale of substantially all assets, recapitalization, stock dividend, stock split, spin-off, split-up, split-off, distribution of assets or other change in corporate structure occurring after the effective date of this award affecting the Common Stock underlying your award, the Board shall adjust the number and kind of shares of Common Stock covered by your Option and the exercise price so as to maintain without change the aggregate exercise price and such adjustment shall be conclusive and binding upon you and the Company.

Appears in 4 contracts

Samples: Non Qualified Stock Option Agreement (Hill-Rom Holdings, Inc.), Non Qualified Stock Option Agreement (Hill-Rom Holdings, Inc.), Qualified Stock Option Agreement (Hill-Rom Holdings, Inc.)

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Adjustment in Certain Events. In the event of any merger, reorganization, consolidation, sale of substantially all assets, recapitalization, stock dividend, stock split, spin-off, split-up, split-off, distribution of assets assets, or other change in corporate structure occurring after the effective date of this award affecting the Common Stock underlying your award, the Board shall adjust the number and kind of shares of Common Stock covered by your Option Option, and the exercise price so as price, to maintain without reflect the change the aggregate exercise price and such adjustment shall be conclusive and binding upon you and the Company.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Hillenbrand, Inc.)

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Adjustment in Certain Events. In the event of any merger, reorganization, consolidation, sale of substantially all assets, recapitalization, stock dividend, stock split, spin-off, split-up, split-off, distribution of assets or other change in corporate structure occurring after the effective date of this award affecting the Common Stock underlying your award, the Board shall adjust the number and kind of shares of Common Stock covered by your Option Option, and the exercise price so as price, to maintain without reflect the change the aggregate exercise price and such adjustment shall be conclusive and binding upon you and the Company.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Hillenbrand, Inc.)

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