Adjustment of Number of Shares and Related Matters. The number of shares of Common Stock covered by this Stock Option, and the Option Exercise Price thereof, shall be subject to adjustment in accordance with Article 12 of the Plan.
Adjustment of Number of Shares and Related Matters. The number of shares of Common Stock covered by the SARs, and the SAR Price thereof, shall be subject to adjustment in accordance with Articles 11 - 13 of the Plan.
Adjustment of Number of Shares and Related Matters. The Option Holder understands that in the event of the merger, consolidation or reorganization of the Company, or in the event of the recapitalization of the Company, the number of shares that may be purchased upon exercise of the option granted hereunder and the exercise price thereof shall be proportionately adjusted. Notwithstanding the foregoing, the existence of the option granted herewith shall not affect the right of the Company to issue shares of stock of any class, or securities convertible into shares of stock of any class, for cash, property, labor or services, either upon direct sale or upon the exercise of rights or warrants to subscribe therefor, or upon conversion of shares or obligations of the Company convertible into such shares or other securities. The issuance of such shares or securities shall not affect, and no adjustment by reason thereof shall be made with respect to, the number or price of shares of Stock subject to the option granted hereunder. Upon the occurrence of each event requiring an adjustment of the exercise price and/or the number of shares purchasable pursuant to this Agreement, the Company shall as soon as practicable mail to the Option Holder a copy of its computation of such adjustment which shall be conclusive and shall be binding upon the Option Holder unless contested by him by written notice to the Company within thirty (30) days after the Option Holder’s receipt of such computation.
Adjustment of Number of Shares and Related Matters. The number of shares of Common Stock covered by this Stock Option, and the Option Price thereof, shall be subject to adjustment in accordance with change in capitalization of Siena Holdings, Inc. or a combination, merger, or reorganization of Siena Holdings, Inc. into or with any other corporation or any other transaction with similar effects.
Adjustment of Number of Shares and Related Matters. The number of shares of Common Stock covered by this Stock Option, and the Option Price thereof, shall be subject to adjustment in accordance with ARTICLES 13, 14, AND 15 of the Plan.
Adjustment of Number of Shares and Related Matters. The number and kind of shares of Common Stock covered by the Performance Award shall be subject to adjustment in accordance with Article IX of the Plan.
Adjustment of Number of Shares and Related Matters. STOCK SPLIT, COMBINATION, RECLASSIFICATION, ETC. In case EIF shall at any time after the date of this Agreement (i) subdivide the outstanding Common Stock into a larger number of shares, (ii) combine the outstanding Common Stock into a smaller number of shares, or (iii) issue any shares of its capital stock in connection with a reclassification of the Common Stock (including any such reclassification in connection with a consolidation or merger in which the Company is the continuing corporation), the Exercise Price in effect at the time of the record date for such dividend or the effective date of such subdivision, combination or reclassification, or the number and kind of securities issuable on such date shall be proportionately adjusted so that the Optionees shall be entitled, at no additional expense, to receive the aggregate number and kind of securities which, if the option had been exercised immediately prior to such date, the Optionees would have owned upon such exercise and been entitled to receive by virtue of such dividend, subdivision, combination or reclassification. Such adjustment shall be made successively whenever any event listed above shall occur.
Adjustment of Number of Shares and Related Matters. The number of Shares covered by this Option and the Option Price are subject to adjustment in accordance with Section 8 of the Plan.
Adjustment of Number of Shares and Related Matters. The Option ------------------------------------------------------ Holder understands that in the event of a Change of Control, merger, consolidation, reorganization, recapitalization of the Company, or the declaration of a stock dividend, the number of shares which may be purchased upon exercise of this Stock Option granted hereunder, the time at which any Stock Option may be exercisable, and the exercise price thereof may be adjusted in accordance with the Plan.
Adjustment of Number of Shares and Related Matters. The number of shares of Common Stock covered by this Stock Option, and the purchase price thereof, may be adjusted by the Company, in such manner as it may deem equitable to take into consideration certain capital changes in the Company’s stock.
