Common use of Adjustment of and Changes in Stock of the Company Clause in Contracts

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 or in the option price as provided under the Plan; provided, however, that no such adjustment shall give the Grantee any additional benefits under the Option.

Appears in 6 contracts

Samples: Stock Option Agreement (Ampace Corp), Stock Option Agreement (Ampace Corp), Grant of Stock Option (Ampace Corp)

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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 Committee shall make such adjustment as it deems appropriate in the number and kind of shares of Stock subject to the Option or in the option price as provided under the Planprice; provided, however, that no such adjustment shall give the Grantee any additional benefits under the Option.

Appears in 1 contract

Samples: Director Stock Option Plan Grant (TSG Ventures Lp)

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 and/or BOD shall make such adjustment as it deems appropriate in the number and kind of shares of Common Stock subject to the Option or in the option price as provided under the Planprice; provided, however, that no such adjustment shall give the Grantee Optionee any additional benefits under the Option.

Appears in 1 contract

Samples: Director 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 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 Company shall make such adjustment as it deems appropriate in the number and kind of shares of Capital Stock subject to the Option or in the option price as provided under the Planprice; provided, however, that no such adjustment shall give the Grantee Optionee any additional or lesser benefits under the Option.

Appears in 1 contract

Samples: Nonqualified Stock Option Agreement (Citation Computer Systems Inc)

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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 Committee shall make such adjustment as it deems appropriate in the number and kind of shares of Stock subject to the Option or in the option price as provided under the PlanExercise Price; provided, howeverPROVIDED HOWEVER, that no such adjustment shall give the Grantee Employee any additional benefits under the Option.

Appears in 1 contract

Samples: Merger Agreement (Carreker Antinori 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 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 Committee and/or Board of Directors shall make such adjustment as it deems appropriate in the number and kind of shares of Common Stock subject to the Option or in the option price as provided under the Planprice; provided, however, that no such adjustment shall give the Grantee Optionee any additional benefits under the Option.

Appears in 1 contract

Samples: Stock Option Agreement (CleanTech Biofuels, Inc.)

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