Adjustment of Options. (a) The number of Shares issuable upon exercise of this Option, or the amount and kind of other securities issuable in addition thereto or in lieu thereof upon the occurrence of the events specified in Section 1.5 of the Plan, shall be determined and subject to adjustment, as the case may be, in accordance with the procedures therein specified.
(b) Fractional shares resulting from any adjustment in options pursuant to this Section may be settled in cash or otherwise as the Committee shall determine. Notice of any adjustment in this Option shall be given by the Corporation to the holder of this Option and such adjustment (whether or not such notice is given) shall be effective and binding for all purposes of the Plan.
Adjustment of Options. The Committee shall adjust the number of Option Shares and the Exercise Price thereof in certain circumstances in accordance with the provisions of Item 11 of the Plan.
Adjustment of Options. If any dividend is declared on the Common Stock which is payable in Common Stock, the number of shares of Common Stock to which any Option is subject shall be multiplied by (and the exercise price of such Option shall be divided by) the sum of the number 1.0 plus the number of shares of Common Stock (including any fraction thereof) payable as a dividend on each share of Common Stock. In the event of any change in the number or kind of outstanding shares of Common Stock by reason of any recapitalization, reorganization, merger, consolidation, stock split or any similar change affecting the Common Stock (other than a dividend payable in Common Stock), the Company shall make an appropriate adjustment in the number of shares of Common Stock and exercise price applicable to each Option so that, after such adjustment, the Option shall represent a right to receive, upon payment of the same aggregate exercise price as in effect immediately before such adjustment, the same consideration (or of such consideration is not available, other consideration of the same value) that Executive would have been entitled to receive before such recapitalization, reorganization, merger, consolidation, stock split or other change affecting the Common Stock.
Adjustment of Options. The number of shares of common stock subject to the stock options granted to Officer pursuant to the Prior Agreement shall be equitably adjusted by the Committee pursuant to Section 6 of the Plan in the event of the occurrence of any of the events described therein.
Adjustment of Options. The number of shares for which this option has been granted may be adjusted or the option may be amended or terminated in certain circumstances in accordance with the provisions of the Plan.
Adjustment of Options. (a) The number of Shares issuable upon exercise of this Option, or the amount and kind of other securities issuable in addition thereto or in lieu thereof upon the occurrence of the events specified in Section 8 of the Plan, and any changes to the Option Price or other terms contemplated thereby, shall be determined and subject to adjustment, as the case may be, in accordance with the procedures therein specified.
(b) Fractional shares resulting from any adjustment in options pursuant to this Section may be settled in cash or otherwise as the appropriate committee of the Board of Directors shall determine. Notice of any adjustment in this Option and such adjustment (whether or not such notice is given) shall be effective and binding for all purposes of the Plan.
Adjustment of Options. If any dividend is declared on the Common Stock which --------------------- is payable in Common Stock, the number of shares of Common Stock to which any Option is subject shall be multiplied by (and the exercise price of such Option shall be divided by) the sum of the number 1.0 plus the number of shares of Common Stock (including any fraction thereof) payable as a dividend on each share of Common Stock. In the event of any change in the number or kind of outstanding shares of Common Stock by reason of any recapitalization, reorganization, merger, consolidation, stock split or any similar change affecting the Common Stock (other than a dividend payable in Common Stock), the Company shall make an appropriate adjustment in the number of shares of Common Stock and exercise price applicable to each Option so that, after such adjustment, the Option shall represent a right to receive, upon payment of the same aggregate exercise price as in effect immediately before such adjustment, the same value that Executive would have received in connection with such recapitalization, reorganization, merger, consolidation, stock split or any similar change if he had owned on the applicable record date a number of shares of Common Stock equal to the number of shares of Common Stock subject to such Option prior to such adjustment.
Adjustment of Options. The number of shares of common stock subject to the Option and the Performance Option, and the share price target applicable to the Performance Option, shall be equitably adjusted by the Committee pursuant to Section 6 of the Plan in the event of the occurrence of any of the events described therein.
Adjustment of Options. Options shall be adjusted in accordance with the Plan.
Adjustment of Options. On the Spin-Off Date, each Option outstanding on the Spin-Off Date shall be adjusted as follows:
