Common use of Adjustment Upon Change of Shares Clause in Contracts

Adjustment Upon Change of Shares. In the event of a reorganization, merger, consolidation, reclassification, recapitalization, combination or exchange of shares, stock split, stock dividend, rights offering or other events affecting the issued and outstanding shares of the Company, the Company may equitably adjust the number and class of the shares for which the Option may thereafter be exercised and/or the exercise price per share.

Adjustment Upon Change of Shares. In the event of a reorganization, merger, consolidation, reclassification, recapitalization, combination or exchange of shares, stock split, stock dividend, rights offering or other events event affecting the issued and outstanding shares of the Company, the Company may equitably adjust the number and class of the shares for which Shares then subject to the Option may thereafter be exercised and/or previously granted, and the exercise price per shareShare payable upon exercise of such Option shall be equitably adjusted by the Committee to reflect the change.

Adjustment Upon Change of Shares. In the event of a reorganization, merger, consolidation, reclassification, recapitalization, combination or exchange of shares, stock split, stock dividend, rights offering or other events event affecting the issued and outstanding shares of the Company, the Company may equitably adjust the number and class of shares then subject to the shares for which Stock Option previously granted, and the Option may thereafter be exercised and/or the exercise price per shareshare payable upon exercise of such Stock Option shall be equitably adjusted by the Committee to reflect the change.