Common use of Adjustment Upon Changes in Capitalization Clause in Contracts

Adjustment Upon Changes in Capitalization. In the event of any change in the Common Stock by reason of stock dividends, split-ups, recapitalizations, combinations, conversions, divisions, exchanges of shares or the like, then the number and kind of Option Shares and the Option Price shall be appropriately adjusted.

Appears in 17 contracts

Samples: Merger Agreement (PSB Bancorp Inc), Merger Agreement (Ml Bancorp Inc), Merger Agreement (Bankers Corp)

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Adjustment Upon Changes in Capitalization. In the event of any change in the Common Stock shares of the Company’s capital stock by reason of any stock dividendsdividend, stock split-ups, recapitalizationsmerger, combinationsrecapitalization, conversionscombination, divisionsconversion, exchanges exchange of shares, issuance of shares (or agreements or commitments to issue shares) or the like, then the number and kind of Optioned Shares subject to the Option Shares and the Option Price purchase price per Optioned Share shall be appropriately and equitably adjusted.

Appears in 7 contracts

Samples: Stock Option Agreement (Black Box Corp), Stock Option Agreement (Sl Industries Inc), Stock Option Agreement (Sl Industries Inc)

Adjustment Upon Changes in Capitalization. In the event of any change in the Common Stock Shares by reason of stock dividends, split-ups, recapitalizations, combinations, conversions, divisions, exchanges of shares or the like, then the number and kind of Option Optioned Shares and and/or the Option Price purchase price per Optioned Share shall be appropriately adjustedadjusted appropriately.

Appears in 6 contracts

Samples: Short Form Merger Option Agreement (Mills Corp), Merger Option Agreement (Asv Inc /Mn/), Merger Agreement (Whitehall Street Real Estate Limited Partnership Vii)

Adjustment Upon Changes in Capitalization. In the event of any change in the Company Common Stock by reason of stock dividends, split-upsstock splits, mergers (other than the Merger), recapitalizations, combinations, conversions, divisions, exchanges exchange of shares or the like, then the type and number and kind of Option Shares shares or securities subject to the Stock Option, and the Option Exercise Price per share, shall be appropriately adjustedadjusted appropriately.

Appears in 6 contracts

Samples: Merger Agreement (HSC Acquisition Corp), Merger Agreement (Hills Stores Co /De/), Stockholders Agreement (Leucadia National Corp)

Adjustment Upon Changes in Capitalization. In the event of any ----------------------------------------- change in the Common Stock by reason of stock dividends, split-ups, recapitalizations, combinations, conversions, divisions, exchanges of shares or the like, then the number and kind of Option Shares and the Option Price shall be appropriately adjusted.

Appears in 4 contracts

Samples: Stock Option Agreement (Heritage Bancorp Inc /Pa/), Consolidation Agreement (Heritage Bancorp Inc /Pa/), Stock Option Agreement (Heritage Bancorp Inc /Pa/)

Adjustment Upon Changes in Capitalization. In the event of any that there is a change in the Common Stock of the Company by reason of stock dividends, split-ups, recapitalizations, combinationsmergers, conversionsconsolidations, divisionsreorganizations, combinations or exchanges of shares or the likeshares, then the number and kind class of Option Shares shares available for options and the Option Price number of shares subject to any outstanding options and the price thereof, shall be appropriately adjustedadjusted by the Compensation Committee.

Appears in 4 contracts

Samples: Non Qualified Stock Option Agreement (Brown Shoe Co Inc), Incentive Stock Option Agreement (Brown Shoe Co Inc), Incentive Stock Option Agreement (Brown Shoe Co Inc)

Adjustment Upon Changes in Capitalization. In the event of any change in the Grantor Common Stock by reason of stock dividends, split-upsstock splits, mergers (other than the Merger), recapitalizations, combinations, conversions, divisions, exchanges exchange of shares or the like, then the type and number and kind of Option Shares shares or securities subject to the Stock Option, and the Option Exercise Price per share, shall be appropriately adjustedadjusted appropriately.

Appears in 4 contracts

Samples: Termination Option Agreement (Peoples Telephone Company Inc), Termination Option Agreement (Stage Stores Inc), Termination Option Agreement (Delta & Pine Land Co)

Adjustment Upon Changes in Capitalization. In the event of any change in the Common Stock by reason of stock dividends, split-upsstock splits, recapitalizations, combinations, conversions, divisions, exchanges of shares reclassifications or the like, then the type and number and kind of Option Shares issuable upon exercise of this Option, and the Option Price shall Exercise Price, as the case may be, will be appropriately adjustedadjusted appropriately, immediately upon such change. No such adjustment will be made on account of any dividend payable other than in stock of the Company.

Appears in 3 contracts

Samples: Option Purchase Agreement (Nextel Communications Inc), Option Agreement (Nextel Communications Inc), Option Agreement (Nextel Communications Inc)

Adjustment Upon Changes in Capitalization. In the event of any change ----------------------------------------- in the Common Stock by reason of stock dividends, split-ups, recapitalizations, combinations, conversions, divisions, exchanges of shares or the like, then the number and kind of Option Shares and the Option Price shall be appropriately adjusted.

Appears in 3 contracts

Samples: Stock Option Agreement (Community Independent Bank Inc), Consolidation Agreement (Heritage Bancorp Inc /Pa/), Merger Agreement (Main Street Bancorp Inc)

Adjustment Upon Changes in Capitalization. In the event of any change in the Common Stock shares of the Company's capital stock by reason of any stock dividendsdividend, stock split-ups, recapitalizationsmerger, combinationsrecapitalization, conversionscombination, divisionsconversion, exchanges exchange of shares, issuance of shares (or agreements or commitments to issue shares) or the like, then the number and kind of Optioned Shares subject to the Option Shares and the Option Price purchase price per Optioned Share shall be appropriately and equitably adjusted.

Appears in 2 contracts

Samples: Purchaser Option Agreement (Vixel Corp), Purchaser Option Agreement (Emulex Corp /De/)

Adjustment Upon Changes in Capitalization. In the event of any change in the Company Common Stock by reason of any stock dividendsdividend, extraordinary dividend or distribution, split-upsup, recapitalizationsrecapitalization, combinationscombination, conversions, divisions, exchanges exchange of shares or the like, then the number and kind of Option Shares Shares, and the Option Price purchase prices therefor, shall be appropriately adjusted.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Panavision Inc), Stock Purchase Agreement (Mafco Holdings Inc)

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Adjustment Upon Changes in Capitalization. In the event of any change in ----------------------------------------- the Common Stock by reason of stock dividends, split-ups, recapitalizations, combinations, conversions, divisions, exchanges of shares or the like, then the number and kind of Option Shares and the Option Price shall be appropriately adjusted.

Appears in 1 contract

Samples: Merger Agreement (Community Independent Bank Inc)

Adjustment Upon Changes in Capitalization. In the event of any change ----------------------------------------- in the Grantor Common Stock by reason of stock dividends, split-upsstock splits, mergers (other than the Merger), recapitalizations, combinations, conversions, divisions, exchanges exchange of shares or the like, then the type and number and kind of Option Shares shares or securities subject to the Stock Option, and the Option Exercise Price per share, shall be appropriately adjustedadjusted appropriately.

Appears in 1 contract

Samples: Termination Option Agreement (Davel Communications Group Inc)

Adjustment Upon Changes in Capitalization. In the event of any change in the shares of Common Stock by reason of a stock dividendsdividend, stock split-ups, recapitalizationsmerger, combinationsrecapitalization, conversionscombination, divisionsconversion, exchanges exchange of shares or the like, then the number and kind of Option Shares subject to the Option and the purchase price per Option Price Share shall be appropriately adjusted.

Appears in 1 contract

Samples: Stock Option Agreement (CBC Bancorp Inc)

Adjustment Upon Changes in Capitalization. In the event of any change in the Common Stock Shares by reason of stock dividends, split-ups, recapitalizations, combinations, conversions, divisions, exchanges of shares or the like, then the number and kind of Option Shares and the Option Price purchase price per share shall be appropriately adjustedadjusted appropriately.

Appears in 1 contract

Samples: Stock Option Agreement (Plenum Publishing Corp)

Adjustment Upon Changes in Capitalization. In the event of any change in the Common Stock number or kind of Shares by reason of stock dividends, split-upsstock splits, mergers, recapitalizations, combinations, conversions, divisions, exchanges of shares or the likelike prior to the Closing, then the number and kind of Option Shares shares or securities subject to this Agreement and the Option per share Purchase Price (but not the aggregate Purchase Price) shall be appropriately adjusted.

Appears in 1 contract

Samples: Stock Purchase Agreement (Miller Scott Dennis)

Adjustment Upon Changes in Capitalization. In the event of any change in the Common Stock during the Option Period by reason of stock dividends, split-ups, mergers, recapitalizations, combinations, conversions, divisions, exchanges of shares or the like, then the number and kind of Option the Shares and the Option Price shall be appropriately adjusted.

Appears in 1 contract

Samples: Option Agreement (Biovail Corporation International)

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