Common use of Adjustment of Option Clause in Contracts

Adjustment of Option. In the event of any reorganization, merger, consolidation, recapitalization, reclassification, stock dividend, stock split, rights offering, divestiture or extraordinary dividend (including a spin-off) or any other change in the corporate structure or shares of the Company, the Board (or, if the Company is not the surviving corporation in any such transaction, the board of directors of the surviving corporation) will make appropriate adjustment (which determination will be conclusive) as to, in order to prevent dilution or enlargement of the rights of Optionee hereunder, (i) the number and kind of securities or other property (including cash) issuable upon exercise of the Option, and (ii) the exercise price of the Option.