Common use of Adjustment to Option Shares Clause in Contracts

Adjustment to Option Shares. (a) In the event that at any time prior to the termination date of this Option and prior to the exercise thereof, the Company issues common stock by way of stock dividend or other distribution, or subdivides or combines its outstanding shares of common stock, the number of shares subject to this Option and the exercise price shall be adjusted to be consistent with such change or changes. In the event that at any time prior to the termination date of this Option and prior to the exercise thereof, there is any reclassification, capital reorganization or other change of outstanding shares of the Company's common stock, or in case of any consolidation or merger of the Company with or into another corporation, or in case of any sale or conveyance to another corporation of the property of the Company as an entirety or substantially as an entirety, the Company shall cause effective provision to be made so that the Optionee shall have the right thereafter, by exercising this Option, to purchase the kind and amount of shares of stock and other securities and property receivable upon such reclassification, capital reorganization or other change, consolidation, merger, sale or conveyance. The determination of the Board as to any adjustments or provisions to be made under this paragraph shall be final, binding and conclusive.

Adjustment to Option Shares. (a) In the event that at any time prior to the termination date of this Option and prior to the exercise thereof, the Company issues common stock by way of stock dividend or other distributiondistributions, or subdivides or combines its outstanding shares of common stock, the number of shares subject to this Option and the exercise price shall be adjusted to be consistent with such change or changes. In the event that at any time prior to the termination date of this Option and prior to the exercise thereof, there is any reclassification, capital reorganization or other change of outstanding shares of the Company's common stock, or in case of any consolidation or merger of the Company with or into another corporation, or in case of any sale or conveyance to another corporation of the property of the Company as an entirety or substantially as an entirety, the Company shall cause effective provision to be made so that the Optionee shall have the right thereafter, by exercising this Option, to purchase the kind and amount of shares of stock and other securities and property receivable upon such reclassification, capital reorganization or other change, consolidation, merger, sale or conveyance. The determination of the Board as to any adjustments or provisions to be made under this paragraph shall be final, binding and conclusive.