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, split-up, recapitalization, merger, consolidation, business combination or exchange of shares and the like, the Administrator shall 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 Optionee, make any other adjustments in this Option, including but not limited to reducing the number of shares subject to this Option or providing or mandating alternative settlement methods such as settlement of this 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 this Option as the Administrator shall, in its sole discretion, determine to be necessary or appropriate in order to prevent the dilution or enlargement of rights under this Option.

Appears in 3 contracts

Samples: Agreement (Ic Isaacs & Co Inc), Nonstatutory Stock Option Grant Agreement (Ic Isaacs & Co Inc), Nonstatutory Stock Option Grant Agreement (Ic Isaacs & Co 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, split-up, recapitalization, merger, consolidation, business combination or exchange of shares and the like, the Administrator shall 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 Optionee, make any other adjustments in this Option, including but not limited to reducing the number of shares subject to this the Option or providing or mandating alternative settlement methods such as settlement of this the 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 this the Option as the Administrator shall, in its sole discretion, determine to be necessary or appropriate in order to prevent the dilution or enlargement of rights under this Optionappropriate.

Appears in 2 contracts

Samples: Nonstatutory Stock Option Grant Agreement (Ic Isaacs & Co Inc), Nonstatutory Stock Option Grant Agreement (Ic Isaacs & Co 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, split-up, recapitalization, merger, consolidation, business combination or exchange of shares and the like, the Administrator shall shall, in its discretion, make appropriate adjustments to the number, kind and price of shares covered by this the Option, and shall, in its discretion and without the consent of the Optionee, make any other adjustments in this the Option, including but not limited to reducing the number of shares subject to this the Option or providing or mandating alternative settlement methods such as settlement of this the 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 this the Option as the Administrator shall, in its sole discretion, determine to be necessary or appropriate in order to prevent the dilution or enlargement of rights under this Option.appropriate. Section 5.2

Appears in 1 contract

Samples: Omnibus Stock Plan Nonstatutory Stock Option Grant Agreement

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