Common use of Adjustment of Number of Shares and Related Matters Clause in Contracts

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 Option Holder understands that shares of Common Stock covered by this Stock Option, and the exercise price thereof, in the event of the mergerany dissolution, liquidation, merger or consolidation or reorganization of the Company, or in the event of the recapitalization of the CompanyCompany or partial distribution of its assets in the nature of a partial liquidation, or the number declaration of shares that may a stock dividend or split-up, shall be purchased upon exercise subject to adjustment in accordance with the terms of the option granted hereunder and the exercise price thereof shall be proportionately adjustedPlan. Notwithstanding the foregoing, and except as provided in the Plan, the existence of the option Stock Option granted herewith hereunder 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 Common Stock subject to the option Stock Option granted hereunder. Upon the occurrence of each event requiring an adjustment of the exercise price and/or the number of shares of Common Stock purchasable pursuant to this AgreementAgreement (including the identity of the issuer thereof) in accordance with and as required by the terms of the Plan, the Company shall as soon as practicable mail to the Option Holder Participant a copy of its computation of such adjustment which shall be conclusive and shall be binding upon the Option Holder Participant unless contested by him by written notice to the Company within thirty (30) days after the Option Holder’s Participant's receipt of such computation.

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 hereunder 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 's receipt of such computation.

Adjustment of Number of Shares and Related Matters. The Option Holder understands that shares of Common Stock covered by this Stock Option, and the exercise price thereof, in the event of the mergerany dissolution, liquidation, merger or consolidation or reorganization of the Company, or in the event of the recapitalization of the CompanyCompany or partial distribution of its assets in the nature of a partial liquidation, or the number declaration of shares that may a stock dividend or split-up, shall be purchased upon exercise subject to adjustment in accordance with the terms of the option granted hereunder and the exercise price thereof shall be proportionately adjustedPlan. Notwithstanding the foregoing, and except as provided in the Plan, the existence of the option Stock Option granted herewith hereunder 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 Common Stock subject to the option Stock Option granted hereunder. Upon the occurrence of each event requiring an adjustment of the exercise price and/or the number of shares of Common Stock purchasable pursuant to this AgreementAgreement (including the identity of the issuer thereof) in accordance with and as required by the terms of the Plan, the Company shall as soon as practicable mail to the Option Holder Participant a copy of its computation of such adjustment which shall be conclusive and shall be binding upon the Option Holder Participant unless contested by him by written notice to the Company within thirty (30) days after the Option HolderParticipant’s receipt of such computation.

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. Any determination in this connection by the Board of Directors of the Company shall be final, binding, and conclusive.