Common use of Adjustment of Option Clause in Contracts

Adjustment of Option. In the event that prior to the exercise in full of the Option, the Company shall have effected one or more stock dividends, stock splits, reorganisation, recapitalization, combination of shares, mergers, consolidations, or other changes in corporate structure or stock of the Company, the Committee shall equitably adjust the number, kind and Exercise Price per Share of the Shares remaining subject to the Option in accordance with the Plan.

Adjustment of Option. In the event that prior to the exercise in full of the Option, the Company Corporation shall have effected one or more stock dividends, stock splits, reorganisationreorganizations, recapitalizationrecapitalizations, combination combinations of shares, mergers, consolidations, or other changes in the corporate structure or stock of the CompanyCorporation, the Committee Board of Directors shall equitably adjust the number, kind and Exercise Price per Share of the Shares remaining subject to the Option in accordance with the Plan.