Adjustment of Option Price. The price at which such shares of Option Stock may be purchased upon exercise of this Option shall be subject to adjustment from time to time as set forth in this Section 4. The Issuer shall give the Holder notice of any event described below which requires an adjustment pursuant to this Section 4 in accordance with the notice provisions set forth in Section 5.
Adjustment of Option Price. Upon each adjustment in the number of Option Shares pursuant to Section 3(a), the Option Price shall be adjusted, to the nearest ten thousandth of one cent, to the product obtained by multiplying the Option Price immediately prior to such adjustment by a fraction, the numerator of which shall be the number of Option Shares immediately before giving effect to such adjustment and the denominator of which shall be the number of Option Shares immediately after giving effect to such adjustment.
Adjustment of Option Price. For purposes of determining the adjusted option price of a Conversion Award replacing a Manor Care Stock Option, the following formula shall be used to maintain the grantee's Aggregate Spread on each outstanding grant of Manor Care Stock Options. The Aggregate Spread on each such outstanding grant shall be maintained by setting the adjusted option price to ensure that the difference between (1) the aggregate total Post-Conversion Stock Price for each Conversion Award of an option to acquire Manor Care Common Stock or Choice Common Stock, as the case may be, and (2) the aggregate adjusted option exercise price for each such Conversion Award, is equal to (3) the Aggregate Spread. In addition, the adjusted option price of each Conversion Award of an option to acquire Manor Care Common Stock or Choice Common Stock, as the case may be, shall be set to maintain the ratio of the exercise price of each Manor Care Stock Option being converted to the Post-Conversion Stock Price of the Common Stock purchasable under the Conversion Award by ensuring that the aforesaid ratio shall -20- 27 equal the ratio of (1) such adjusted option price for the Conversion Award to (2) the Post-Conversion Stock Price of the Common Stock purchasable under the Conversion Award (Manor Care Common Stock or Choice Common Stock, respectively).
Adjustment of Option Price. The Option Price in effect at any time with respect to this option and the number and kind of securities issuable upon the conversion of this option shall be subject to adjustment from time to time upon the happening of certain events, as follows:
Adjustment of Option Price. In the event of any merger, consolidation, reorganization, recapitalization, spin-off, stock dividend, stock split, reverse stock split, exchange or other distribution with respect to shares of Common Stock or other change in the corporate structure or capitalization of Vysis affecting the Common Stock, the type and number of shares of Common Stock which may be purchased under this Agreement and the Option Price shall be equitably adjusted by the Board, in its sole discretion, to prevent dilution or enlargement of benefits to the Director under this Agreement.
Adjustment of Option Price. For purposes of determining the adjusted option price of a Conversion Award of a New HMC Nonqualified Stock Option and a Host Marriott Services Nonqualified Stock Option, the following formula shall be used to maintain the grantee's Aggregate Spread on each outstanding grant of a Nonqualified Award of an Existing HMC Stock Option. The Aggregate Spread on each such outstanding grant shall be maintained by setting the option prices for the New HMC Nonqualified Stock Options and the Host Marriott Services Nonqualified Stock Options to ensure that the difference between (1) the Post Conversion Stock Price of the HMC Common Stock granted in the Conversion Award multiplied by the number of shares of HMC Common Stock underlying the options granted in the Conversion Award plus the Post Conversion Stock Price of the Host Marriott Services Common Stock multiplied by the number of shares of Host Marriott Services Common Stock underlying the options granted in the Conversion Award and (2) the per Share exercise price of the New HMC Nonqualified Stock Option multiplied by the number of shares of HMC Common Stock underlying the options granted in the Conversion Award plus the per share exercise price of the Host Marriott Services Nonqualified Stock Option multiplied by the number of shares of Host Marriott Services Common Stock underlying the options granted in the Conversion Award exercise is equal to (3) the Aggregate Spread. 19
Adjustment of Option Price. The Option is hereby amended by increasing the Option Price from $6.76 per Unit to $6.85
Adjustment of Option Price. Pursuant to the terms of the Plan, -------------------------- the Option Price may be adjusted by the Committee or by the Board of Directors in the event of any change in the outstanding shares of Common Stock by reason of stock splits, stock dividends or any other increase or reduction of the number of outstanding shares of Common Stock without receiving consideration in the form of money, services or property or any other recapitalization or merger, consolidation or other reorganization of the Company.
Adjustment of Option Price. Whenever the number of shares of Common Stock purchasable upon exercise hereof is adjusted as provided in subsection 5.1, the Option Price shall be adjusted by multiplying the Option Price by a fraction, the numerator of which is equal to the number of shares of Common Stock purchasable prior to the adjustment and the denominator of which is equal to the number of shares of Common Stock purchasable after the adjustment.
Adjustment of Option Price
