Adjustment Upon Changes in Capitalization. a. Subject to Section 7, in the event of a Change in Capitalization, the number and class of Shares or other stock or securities which are subject to the Option, and the purchase price therefor, if applicable, shall be appropriately and equitably adjusted. b. If, by reason of a Change in Capitalization, the Optionee shall be entitled to exercise an Option with respect to new, additional or different shares of stock or securities, such new, additional or different shares shall thereupon be subject to all of the conditions which were applicable to the Shares subject to the Option, as the case may be, prior to such Change in Capitalization.
Appears in 22 contracts
Samples: Non Qualified Stock Option Agreement (Internet America Inc), Non Qualified Stock Option Agreement (Internet America Inc), Non Qualified Stock Option Agreement (Internet America Inc)
Adjustment Upon Changes in Capitalization. a. (a) Subject to Section 7, in the event of a Change in Capitalization, the number and class of Shares or other stock or securities which are subject to the Option, and the purchase price therefor, if applicable, shall be appropriately and equitably adjusted.
b. (b) If, by reason of a Change in Capitalization, the Optionee shall be entitled to exercise an Option with respect to new, additional or different shares of stock or securities, such new, additional or different shares shall thereupon be subject to all of the conditions which were applicable to the Shares subject to the Option, as the case may be, prior to such Change in Capitalization.
Appears in 7 contracts
Samples: Non Qualified Stock Option Agreement (Hunt William O), Non Qualified Stock Option Agreement (Smith Jack T), Non Qualified Stock Option Agreement (Internet America Inc)
