Common use of Adjustment of Number of Incentive Shares Clause in Contracts

Adjustment of Number of Incentive Shares. Anything in this Paragraph (F) to the contrary notwithstanding, in case the Company shall at any time issue Common Stock by way of dividend or other distribution on any stock of the Company or subdivide or combine the outstanding shares of Common Stock, the Purchase Price shall be proportionately decreased in the case of such issuance (on the day following the date fixed for determining shareholders entitled to receive such dividend or other distribution) or decreased in the case of such subdivision or increased in the case of such combination (on the date that such subdivision or combination shall become effective).

Appears in 2 contracts

Samples: Executive Employment Agreement (Celsion Corp), Executive Employment Agreement (Celsion Corp)

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Adjustment of Number of Incentive Shares. Anything in this Paragraph paragraph (F) to the contrary notwithstanding, in case the Company shall at any time issue Common Stock by way of dividend or other distribution on any stock of the Company or subdivide or combine the outstanding shares of Common Stock, the Purchase Price shall be proportionately decreased in the case of such issuance (on the day following the date fixed for determining shareholders entitled to receive such dividend or other distribution) or decreased in the case of such subdivision or increased in the case of such combination (on the date that such subdivision or combination shall become effective).

Appears in 2 contracts

Samples: Executive Employment Agreement (Celsion Corp), Executive Employment Agreement (Celsion Corp)

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Adjustment of Number of Incentive Shares. Anything Notwithstanding anything in this Paragraph (F) Section 3.5 to the contrary notwithstandingcontrary, in case the Company shall at any time issue Common Stock common stock by way of dividend or other distribution on any stock of the Company or subdivide or combine the outstanding shares of Common Stockcommon stock, the Purchase Price exercise price of the stock options granted hereunder shall be proportionately decreased in the case of such issuance (on the day following the date fixed for determining shareholders entitled to receive such dividend or other distribution) or decreased in the case of such subdivision or increased in the case of such combination (on the date that such subdivision or combination shall become effective).

Appears in 1 contract

Samples: Retirement Agreement (Celsion Corp)

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