Common use of Adjustment of Share Numbers and Prices Clause in Contracts

Adjustment of Share Numbers and Prices. If, after the date of this Agreement, there is a subdivision, split, stock dividend, combination, reclassification or similar event with respect to any of the shares of capital stock referred to in this Agreement, then, in any such event, the numbers and types of shares of such capital stock referred to in this Agreement (including, for the avoidance of doubt, the one-for-one exchange ratio contemplated by Section 3.01(b)(ii)) and, if applicable, the prices of such shares, shall be equitably adjusted to the number and types of shares of such capital stock that a holder of such number of shares of such capital stock would own or be entitled to receive as a result of such event if such holder had held such number of shares immediately prior to the record date for, or effectiveness of, such event, and the prices for such shares shall be similarly equitably adjusted.

Appears in 3 contracts

Samples: Governance Agreement (Expedia Group, Inc.), Governance Agreement (Liberty Expedia Holdings, Inc.), Governance Agreement (Expedia Group, Inc.)

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Adjustment of Share Numbers and Prices. If, (i) after the date of this AgreementEffective Date, there is a subdivision, split, stock dividend, combination, reclassification or similar event with respect to any of the shares of capital stock referred to in this AgreementCapital Stock or (ii) the Class C Common Stock Dividend is declared on a basis other than one share of Class B Common Stock for each share of Common Stock and Class B Common Stock, then, in any such event, the numbers and types of shares of such capital stock Capital Stock referred to in this Agreement (including, for the avoidance of doubt, the one-for-one exchange ratio contemplated by Section 3.01(b)(ii)) and, if applicable, the prices of such shares, shall be equitably adjusted to the number and types of shares of such capital stock Capital Stock that a holder of such number of shares of such capital stock Capital Stock would own or be entitled to receive as a result of such event if such holder had held such number of shares immediately prior to the record date for, or effectiveness of, such event, event and the prices for such shares shall be similarly equitably adjusted.

Appears in 2 contracts

Samples: Governance Agreement (Iac/Interactivecorp), Governance Agreement (Iac/Interactivecorp)

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