Adjustment of and Changes in Stock of the Company. In the event of a reorganization, recapitalization, change of shares, stock split, spin-off, stock dividend, reclassification, subdivision or combination of shares, merger, consolidation, rights offering, or any other change in the corporate structure or shares of capital stock of the Company, the Board shall make such adjustment in the number and kind of shares of Stock subject to the Option and in the option price; provided, however, that no such adjustment shall give the Grantee any additional benefits under the Option.
Appears in 8 contracts
Samples: Stock Option Agreement (Bluegate Corp), Stock Option Agreement (Bluegate Corp), Stock Option Agreement (Bluegate Corp)
Adjustment of and Changes in Stock of the Company. In the event of a reorganization, recapitalization, change of shares, stock split, spin-off, stock dividend, reclassification, subdivision or combination of shares, merger, consolidation, rights offering, or any other change in the corporate structure or shares of capital stock of the Company, the Board shall make such adjustment in the number and kind of shares of Stock subject to the Option and or in the option price; provided, however, that no such adjustment shall give the Grantee any additional benefits under the Option.
Appears in 6 contracts
Samples: Stock Option Agreement (Ricks Cabaret International Inc), Stock Option Agreement (Hyperdynamics Corp), Stock Option Agreement (Hyperdynamics Corp)
Adjustment of and Changes in Stock of the Company. In the event of a reorganization, recapitalization, change of shares, stock split, spin-off, stock dividend, reclassification, subdivision subdivision, consolidation or combination of shares, merger, consolidation, rights offering, or any other change in the corporate structure or shares of capital stock of the Company, the Board shall may make such adjustment as it deems appropriate in the number and kind of shares of Stock subject to the Option and or in the option price; provided, however, that no such adjustment shall give the Grantee any additional benefits under the Option.
Appears in 2 contracts
Samples: Employment Agreement (Uci Medical Affiliates Inc), Employment Agreement (Uci Medical Affiliates Inc)
Adjustment of and Changes in Stock of the Company. In the event of a reorganization, recapitalization, change of shares, ,stock split, spin-off, ,stock dividend, reclassification, subdivision or combination of shares, merger, consolidation, rights offering, or any other change in the corporate structure or shares of capital stock of the Company, the Board shall make such adjustment as it deems appropriate in the number and kind of shares of Stock subject to the Option and or in the option price; provided, however, however that no such adjustment shall give the Grantee Optionee any additional benefits under the Option.
Appears in 2 contracts
Samples: Stock Option Agreement (Pioneer Railcorp), Stock Option Agreement (Pioneer Railcorp)
Adjustment of and Changes in Stock of the Company. In the event of a reorganization, recapitalization, change of shares, stock split, spin-off, stock dividend, reclassification, subdivision or combination of shares, merger, consolidation, rights offering, or any other change in the corporate structure or shares of capital stock of the Company, the Board shall make such adjustment as it deems appropriate in the number and kind of shares of Stock subject to the Option and or in the option price; provided, however, however that no such adjustment shall give the Grantee Optionee any additional benefits under the Option.
Appears in 2 contracts
Samples: Stock Option Agreement (Pioneer Railcorp), Stock Option Agreement (Pioneer Railcorp)
Adjustment of and Changes in Stock of the Company. In the event of a reorganization, recapitalization, change of shares, stock split, spin-off, stock dividend, reclassification, subdivision or combination of sharesshares of stock of the Company, or the merger, consolidation, rights offering, or any other change in the corporate structure or shares of capital stock of the Company, the Board Committee shall make such adjustment as it deems appropriate in the number and kind of shares of Common Stock subject to the Option and or in the option price; provided, however, that no such adjustment shall give the Grantee Optionee any additional benefits under the Option.
Appears in 2 contracts
Samples: Stock Option Agreement (CleanTech Biofuels, Inc.), Stock Option Agreement (CleanTech Biofuels, Inc.)
Adjustment of and Changes in Stock of the Company. In the event of a reorganization, recapitalization, change of shares, stock split, spin-off, stock dividend, reclassification, . subdivision or combination of shares, merger, consolidation, rights offering, or any other change in the corporate structure or shares of capital stock of the Company, the Board shall make such adjustment in the number and kind of shares of Stock subject to the Option and in the option price; provided, however, that no such adjustment shall give the Grantee any additional benefits under the Option.
Appears in 1 contract
Adjustment of and Changes in Stock of the Company. In the event of a reorganization, recapitalization, change of shares, stock split, spin-off, stock dividend, reclassification, subdivision or combination of shares, merger, consolidation, rights offering, or any other change in the corporate structure or shares of capital stock of the Company, the Board shall make such adjustment in the number and kind of shares of Stock subject to the Option and or in the option priceprice to give a consistent value in terms of percent shre of the company; provided, however, that no such adjustment shall give the Grantee any additional benefits under the Option.
Appears in 1 contract
Adjustment of and Changes in Stock of the Company. In the event of a reorganization, recapitalization, change of shares, stock split, spin-off, stock dividend, reclassification, subdivision or combination of shares, merger, consolidation, rights offering, or any other change in the corporate structure or shares of capital stock of the Company, the Board Company shall make such adjustment in appropriate adjustments to the number and kind of shares of Stock Shares subject to the Option and in the option price; provided, however, that no such adjustment shall give the Grantee any additional benefits under the OptionOption Price.
Appears in 1 contract
Samples: Nonqualified Stock Option Agreement (National City Bancshares Inc)
Adjustment of and Changes in Stock of the Company. In the event of a reorganization, recapitalizationre-capitalization, change of shares, stock split, spin-off, stock dividend, reclassification, subdivision or combination of shares, merger, consolidation, rights offering, or any other change in the corporate structure or shares of capital stock of the Company, the Board Committee shall make such adjustment as it deems appropriate in the number and kind of shares of Stock subject to the Option and or in the option priceExercise Price; provided, however, that no such adjustment shall give the Grantee Optionee any additional benefits under the Option.
Appears in 1 contract
Samples: Non Qualified Stock Option Agreement (Carreker Corp)