Common use of Adjustment Upon Certain Financing or Changes in Capitalization Clause in Contracts

Adjustment Upon Certain Financing or Changes in Capitalization. As provided in the Plan, (a) the number of shares of Stock subject to this Option and the exercise price shall be adjusted as the Committee shall determine to be appropriate in the event of a stock dividend, stock split or similar change in capitalization affecting the Stock and (b) in the event of any merger, consolidation, dissolution or liquidation of the Company, the Committee in its sole discretion may make such substitution or adjustment in the number of shares of Stock subject to the Option and the exercise price of the Option as it may determine and as may be permitted by the terms of such transaction, or accelerate, amend or terminate the Option upon such terms and conditions as it shall provide (which, in the case of the termination of the vested portion of the Option, shall require payment or other consideration that the Committee deems equitable in the circumstances), subject, however, to the provisions of Section 13 of the Plan.

Adjustment Upon Certain Financing or Changes in Capitalization. As provided in the Plan, (a) the number of shares of Restricted Stock subject to this Option and the exercise purchase price shall be adjusted as the Committee shall determine to be appropriate in the event of a stock dividend, stock split or similar change in capitalization affecting the Stock and (b) in the event of any merger, consolidation, dissolution or liquidation of the Company, the Committee in its sole discretion may make such substitution or adjustment in the number of shares of Restricted Stock subject to the Option and the exercise purchase price of the Option as it may determine and as may be permitted by the terms of such transaction, or accelerate, amend or terminate the Option this Agreement and any unvested Restricted Stock upon such terms and conditions as it shall provide (which, in the case of the termination of the vested portion of the OptionRestricted Stock, shall require payment or other consideration that the Committee deems equitable in the circumstances), subject, however, to the provisions of Section 13 of the Plan.