Adjustment of the Number of Option Shares. The number, class and exercise price of any outstanding Options (and the number of shares of Common Stock subject to outstanding Options), shall be adjusted by the Committee if, in its sole discretion, it shall deem such an adjustment to be necessary or appropriate to reflect any Common Stock dividend, stock split or share combination or any recapitalization, merger, consolidation, exchange of shares, liquidation or dissolution of the Company.
Appears in 2 contracts
Samples: Nonqualified Stock Option Agreement (Mbia Inc), Nonqualified Stock Option Agreement (Mbia Inc)
Adjustment of the Number of Option Shares. The number, class and ----------------------------------------- exercise price of any outstanding Options (and the number of shares of Common Stock subject to outstanding OptionsOption), shall be adjusted by the Committee if, in its sole discretion, it shall deem such an adjustment to be necessary or appropriate to reflect any Common Stock dividend, stock split or share combination or any recapitalization, merger, consolidation, exchange of shares, liquidation or dissolution of the CompanyGuarantee.
Appears in 1 contract
Samples: Incentive Plan Incentive Stock Option Agreement (Guarantee Life Companies Inc)
Adjustment of the Number of Option Shares. The number, class and ----------------------------------------- exercise price of any outstanding Options (and the number of shares of Common Stock subject to outstanding Options), shall be adjusted by the Committee if, in its sole discretion, it shall deem such an adjustment to be necessary or appropriate to reflect any Common Stock dividend, stock split or share combination or any recapitalization, merger, consolidation, exchange of shares, liquidation or dissolution of the CompanyGuarantee.
Appears in 1 contract
Samples: Plan Nonqualified Stock Option Agreement (Guarantee Life Companies Inc)