Common use of Adjustment to Option Clause in Contracts

Adjustment to Option. If the Corporation merges, consolidates or reorganizes with any other corporation or corporations, the number and kind of shares of stock or of other securities to which Optionee will be entitled pursuant to the transaction shall be substituted for each of the shares of Common Stock then subject to this Agreement. If the number of shares of Common Stock issued and outstanding changes as a result of any recapitalization, stock dividend, stock split, combination of shares or other change in the Common Stock, the number of shares of Common Stock then subject to this Agreement shall be adjusted in proportion to the change in the outstanding shares of Common Stock. Upon any such adjustment, the purchase price of any Option and the shares of Common Stock issuable pursuant to any Option shall be adjusted to the extent appropriate in the discretion of the Corporation to provide Optionee with the same relative rights before and after such adjustment.

Adjustment to Option. If the Corporation merges, consolidates or reorganizes with any other corporation or corporations, the number and kind of shares of stock or of other securities to which Optionee will be entitled pursuant to the transaction shall be substituted for each of the shares of Common Stock then subject to this Agreement. If the number of shares of Common Stock issued and outstanding changes as a result of any recapitalization, stock dividend, stock split, combination of shares or other change in the Common Stock, the number of shares of Common Stock then subject to this Agreement shall be adjusted in proportion to the change in the outstanding shares of Common Stock. Upon any such adjustment, the purchase price of any Option and the shares of Common Stock issuable pursuant to any Option shall be adjusted to the extent appropriate in the discretion of the Corporation to provide Optionee with the same relative rights before and after such adjustment. 8.