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

Adjustment of and Changes in Stock of the Company. The number of shares of common stock covered by the unexercised portion of the Option evidenced by this Agreement, and the Option Price thereof, shall be subject to such adjustment as appropriate or necessary to reflect any stock dividend, stock split, reverse stock split, recapitalization, merger, consolidation, combination, conversion, exchange of shares, separation, reorganization, reclassification, or the like of or by the Company, or otherwise, in which the Company is the surviving company, so that the rights of the holder hereof shall remain proportionate to the rights held hereunder immediately prior to such event.