Common use of Adjustments for Events Affecting Common Stock Clause in Contracts

Adjustments for Events Affecting Common Stock. In the event of changes in the Common Stock of the Company by reason of any stock dividend, spin-off, split-up, reverse stock split, recapitalization, reclassification, merger, consolidation, liquidation, business combination or exchange of shares and the like, the exercise price of, number of shares covered by and the other terms of the Options shall adjust as provided in the Plan, and the Administrator shall, in its discretion, in its discretion and without the consent of the Optionee, make any other substitutions for or adjustments in the Options, including but not limited to providing or mandating alternative settlement methods such as settlement of the Options in cash or in shares of Common Stock or other securities of the Company or of any other entity, or in any other matters which relate to the Options as the Administrator shall, in its sole discretion, determine to be necessary or appropriate.

Appears in 8 contracts

Samples: Incentive Stock Option Grant Agreement (Mechanical Technology Inc), Stock Option Grant Agreement (Mechanical Technology Inc), Incentive Stock Option Grant Agreement (Howard Bancorp Inc)

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Adjustments for Events Affecting Common Stock. In the event ---------------------------------------------------------- of changes in the Common Stock of the Company Corporation by reason of any stock dividend, spin-off, split-up, reverse stock split, recapitalization, reclassification, merger, consolidation, liquidation, business combination or exchange of shares and the like, the exercise price of, number of shares covered by and the other terms of the Options shall adjust as provided in the Plan, and the Administrator shall, in its discretion, make appropriate adjustments to the number, kind and price of shares covered by this Option, and shall, in its discretion and without the consent of the OptioneeGrantee, make any other substitutions for or adjustments in the Optionsthis Option, including but not limited to reducing the number of shares subject to the Option or providing or mandating alternative settlement methods such as settlement of the Options Option in cash or in shares of Common Stock or other securities of the Company Corporation or of any other entity, or in any other matters which relate to the Options Option as the Administrator shall, in its sole discretion, determine to be necessary or appropriate.

Appears in 6 contracts

Samples: Grant Agreement (Network Access Solutions Corp), Incentive Stock Option Grant Agreement (Network Access Solutions Corp), Grant Agreement (Network Access Solutions Corp)

Adjustments for Events Affecting Common Stock. In the event of changes in the Common Stock of the Company Corporation by reason of any stock dividend, spin-off, split-up, reverse stock split, recapitalization, reclassification, merger, consolidation, liquidation, business combination or exchange of shares and the like, the exercise price of, number of shares covered by and the other terms of the Options shall adjust as provided in the Plan, and the Administrator shall, in its discretion, make appropriate adjustments to the number, kind and price of shares covered by this Option, and shall, in its discretion and without the consent of the OptioneeGrantee, make any other substitutions for or adjustments in the Optionsthis Option, including but not limited to reducing the number of shares subject to the Option or providing or mandating alternative settlement methods such as settlement of the Options Option in cash or in shares of Common Stock or other securities of the Company Corporation or of any other entity, or in any other matters which relate to the Options Option as the Administrator shall, in its sole discretion, determine to be necessary or appropriate.

Appears in 6 contracts

Samples: Nonqualified Stock Option Grant Agreement (Regeneration Technologies Inc), Incentive Stock Option Grant Agreement (Regeneration Technologies Inc), Incentive Stock Option Grant Agreement (Regeneration Technologies Inc)

Adjustments for Events Affecting Common Stock. In the event of changes in affecting the Company, the capitalization of the Company or the Common Stock of the Company by reason of any stock dividend, spin-off, split-up, reverse stock split, recapitalization, reclassification, merger, consolidation, liquidation, business combination or exchange of shares and the like, the exercise Administrator will, in its discretion, make appropriate adjustments to the number, kind and price of, number of shares covered by and the other terms of the Options shall adjust as provided in the Planthis Option, and the Administrator shall, in its discretionwill, in its discretion and without the consent of the Optionee, make any other substitutions for or adjustments in the Optionsthis Option, including but not limited to reducing the number of shares subject to the Option or providing or mandating alternative settlement methods such as settlement of the Options Option in cash or in shares of Common Stock or other securities of the Company or of any other entity, or in any other matters which relate to the Options Option as the Administrator shallAdministrator, in its sole discretion, determine determines to be necessary or appropriate.

Appears in 4 contracts

Samples: Nonstatutory Stock Option Grant Agreement (Visual Networks Inc), Nonstatutory Stock Option Grant Agreement (Visual Networks Inc), Nonstatutory Stock Option Grant Agreement (Visual Networks Inc)

Adjustments for Events Affecting Common Stock. In the event of ---------------------------------------------------------- changes in the Common Stock of the Company Corporation by reason of any stock dividend, spin-off, split-up, reverse stock split, recapitalization, reclassification, merger, consolidation, liquidation, business combination or exchange of shares and the like, the exercise price of, number of shares covered by and the other terms of the Options shall adjust as provided in the Plan, and the Administrator shall, in its discretion, make appropriate adjustments to the number, kind and price of shares covered by this Option, and shall, in its discretion and without the consent of the OptioneeGrantee, make any other substitutions for or adjustments in the Optionsthis Option, including but not limited to reducing the number of shares subject to the Option or providing or mandating alternative settlement methods such as settlement of the Options Option in cash or in shares of Common Stock or other securities of the Company Corporation or of any other entity, or in any other matters which relate to the Options Option as the Administrator shall, in its sole discretion, determine to be necessary or appropriate.

Appears in 1 contract

Samples: Nonqualified Stock Option Grant Agreement (Network Access Solutions Corp)

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Adjustments for Events Affecting Common Stock. In the event of changes in the Common Stock of the Company corporation by reason of any stock dividend, spin-off, split-up, reverse stock split, recapitalization, reclassification, merger, consolidation, liquidation, business combination or exchange of or shares and the like, the exercise price of, number of shares covered by and the other terms of the Options shall adjust as provided in the Plan, and the Administrator shall, in its discretion, make appropriate adjustments to the number, kind and price of shares covered by this Option, and shall, in its discretion and without the consent of the OptioneeGrantee, make any other substitutions for or adjustments in the Optionsthis Option, including but not limited to reducing the number of shares subject to the Option or providing or mandating alternative settlement methods such as settlement of the Options Option in cash or in shares of Common Stock or other securities of the Company Corporation or of any other entity, or in any other matters which relate to the Options Option as the Administrator shall, in its sole discretion, determine to be necessary or appropriate.

Appears in 1 contract

Samples: Incentive Stock Option Grant Agreement (Regeneration Technologies Inc)

Adjustments for Events Affecting Common Stock. In the event of changes in the Common Stock of the Company by reason of any stock dividend, spin-off, split-up, reverse stock split, recapitalization, reclassification, merger, consolidation, liquidation, business combination or exchange of shares and the like, the exercise price of, number of shares covered by and the other terms of the Options shall adjust as provided in the Plan, and the Administrator shall, in its discretion, make appropriate adjustments to the number, kind and price of shares covered by this Option, and shall, in its discretion and without the consent of the OptioneeParticipant, make any other substitutions for or adjustments in the Optionsthis Option, including but not limited to reducing the number of shares subject to the Option or providing or mandating alternative settlement methods such as settlement of the Options Option in cash or in shares of Common Stock or other securities of the Company or of any other entity, or in any other matters which relate to the Options Option as the Administrator shall, in its sole discretion, determine to be necessary or appropriate.

Appears in 1 contract

Samples: Stock Option Grant Agreement (Broadsoft Inc)

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