Common use of Adjustment of Option Price Clause in Contracts

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.

Appears in 6 contracts

Samples: Option Agreement (Corporate Resource Services, Inc.), Option Agreement (Corporate Resource Services, Inc.), Option Agreement (Corporate Resource Services, Inc.)

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