Adjustment in Optioned Shares. a. In the event any change is made to the Common Stock by reason of any stock dividend, stock split, combination of shares or other change affecting the outstanding Common Stock as a class without the Company's receipt of consideration, the number and/or class of shares purchasable under this option and the Option Price payable per share shall be adjusted appropriately to prevent the dilution or enlargement of Optionee's benefits hereunder. b. If this option remains outstanding following any merger or other business combination involving the Company, then this option shall be adjusted appropriately to apply and pertain to the number and class of securities which would have been issuable, in the consummation of such merger or business combination, to an actual holder of Common Stock for the same number of shares as are subject to this option immediately prior to such merger or business combination. Appropriate adjustments also shall be made to the Option Price payable per share; provided, however, that the aggregate Option Price shall remain the same.
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Samples: Non Qualified Stock Option Agreement (Alexander & Baldwin Inc), Non Qualified Stock Option Agreement (Alexander & Baldwin Inc), Non Qualified Stock Option Agreement (Alexander & Baldwin Inc)
Adjustment in Optioned Shares. a. A. In the event any change is made to the Common Stock issuable under the Plan by reason of any stock split, stock dividend, stock splitrecapitalization, combination of shares shares, exchange of shares, or other change affecting the outstanding Common Stock as a class without the Company's receipt of consideration, then appropriate adjustments shall be made to (i) the total number and/or class of shares purchasable under Optioned Shares subject to this option and (ii) the Option Price payable per share shall be adjusted appropriately in order to prevent the reflect such change and thereby preclude a dilution or enlargement of Optionee's benefits hereunder.
b. B. If this option remains is to be assumed or is otherwise to remain outstanding following any merger or other business combination involving the Companyafter a Corporate Transaction, then this option shall be appropriately adjusted appropriately to apply and pertain to the number and class of securities which would have been issuable, issuable to the Optionee in the consummation of such merger or business combination, to an actual holder of Common Stock for Corporate Transaction had the same number of shares as are subject to this option been exercised immediately prior to such merger or business combination. Appropriate Corporate Transaction, and appropriate adjustments shall also shall be made to the Option Price payable per share; provided, however, that provided the aggregate Option Price payable hereunder shall remain the same.
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Samples: Stock Option Agreement (Oncor Inc)
Adjustment in Optioned Shares. a. (a) In the event any change is made to the Common Stock issuable under the Plan by reason of any stock split, stock dividend, stock splitrecapitalization, combination of shares shares, exchange of shares, or other change affecting the outstanding Common Stock as a class without the Company's receipt of consideration, then appropriate adjustments shall be made to (i) the total number and/or class of shares purchasable under Optioned Shares subject to this option and (ii) the Option Price payable per share shall be adjusted appropriately in order to prevent the reflect such change and thereby preclude a dilution or enlargement of Optionee's benefits hereunder.
b. (b) If this option remains is to be assumed or is otherwise to remain outstanding following any merger or other business combination involving the Companyafter a Corporate Transaction, then this option shall be appropriately adjusted appropriately to apply and pertain to the number and class of securities which would have been issuable, issuable to the Optionee in the consummation of such merger or business combination, to an actual holder of Common Stock for Corporate Transaction had the same number of shares as are subject to this option been exercised immediately prior to such merger or business combination. Appropriate Corporate Transaction, and appropriate adjustments shall also shall be made to the Option Price payable per share; provided, however, that provided the aggregate Option Price payable hereunder shall remain the same.
Appears in 1 contract
Samples: Standard Stock Option Agreement (Biocryst Pharmaceuticals Inc)
Adjustment in Optioned Shares. a. A. In the event any change is made to the Common Stock issuable under the Plan by reason of any stock dividendsplit, stock splitdividend, combination of shares shares, exchange of shares, or other change affecting the outstanding Common Stock as a class without the Company's receipt of consideration, appropriate adjustments shall be made to (I) the class and/or number and/or class of shares purchasable under Optioned Shares subject to this option and (II) the Option Price payable per share shall be adjusted appropriately in order to prevent the reflect such change and thereby preclude a dilution or enlargement of Optionee's benefits hereunder.
b. B. If this option remains is to be assumed or is otherwise to remain outstanding following any merger or other business combination involving the Companyafter a Corporate Transaction, then this option shall be appropriately adjusted appropriately to apply and pertain to the number and class of securities which would have been issuable, issuable to the Optionee in the consummation of such merger or business combination, to an actual holder of Common Stock for Corporate Transaction had the same number of shares as are subject to this option been exercised immediately prior to such merger or business combination. Appropriate Corporate Transaction, and appropriate adjustments shall also shall be made to the Option Price payable per share; provided, however, that provided the aggregate Option Price payable hereunder shall remain the same.
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Samples: Stock Option Agreement (Idec Pharmaceuticals Corp / De)