Adjustment of Option Exercise Price. (a) If, prior to the Expiration Date, there is a stock split, stock dividend, reverse split, combination of shares, or other reclassification of the Common Stock, appropriate adjustment shall be made to the Option Exercise Price and the number of Options to reflect the adjustments.
Adjustment of Option Exercise Price. The Option Exercise Price shall be increased by the amount of $0.83 on July 1, 2007 and each anniversary thereof until the termination of this Stock Option. The foregoing Agreement is hereby accepted and the terms and conditions thereof hereby agreed to by the undersigned as of the date first above written. WII COMPONENTS, INC. By: /s/ Xxxxxx Xxxxx Name: Xxxxxx Xxxxx Title: President The foregoing Agreement is hereby accepted and the terms and conditions thereof hereby agreed to by the undersigned as of the date first above written. OPTIONEE: /s/ Xxxx Xxxxxxxxxxx Name: Xxxx Xxxxxxxxxxx Address: 0000 Xxxxxxxxx Xxxx Xxxxxxx, XX 00000 SPOUSE’S CONSENT I acknowledge that I have read the foregoing Incentive Stock Option Agreement and understand the contents thereof. DESIGNATED BENEFICIARY: Beneficiary’s Address: Appendix A STOCK OPTION EXERCISE NOTICE WII Components, Inc. Attention: Chief Financial Officer Pursuant to the terms of my stock option agreement dated (the “Agreement”) under the WII Components, Inc. 2003 Stock Option and Grant Plan, I, [Insert Name] , hereby [Circle One] partially/fully exercise such option by including herein payment in the amount of $ representing the purchase price for [Fill in number of Option Shares] option shares. I have chosen the following form(s) of payment:
