Common use of Adjustments for Events Affecting Stock Clause in Contracts

Adjustments for Events Affecting Stock. In the event of changes in the Stock of the Company by reason of any stock dividend, spin-off, split-up, recapitalization, merger, consolidation, business combination or exchange of shares and the like, 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 Optionee, make any other adjustments in this 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 Option in cash or in shares of Stock or other securities of the Company or of any other entity, or in any other matters which relate to the Option as the Administrator shall, in its sole discretion, determine to be necessary or appropriate.

Appears in 2 contracts

Samples: Consultant Stock Option Grant Agreement (Cdknet Com Inc), Employee Stock Option Grant Agreement (Cdknet Com Inc)

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Adjustments for Events Affecting 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, recapitalization, merger, consolidation, business combination or exchange of shares and the like, the Administrator shall, in its his discretion, make appropriate adjustments to the number, kind, kind and price of shares Shares covered by this Option, and shall, in its discretion and without the consent of the OptioneeEmployee, make any other adjustments in to this Option, including but not limited to reducing the number of shares Shares subject to the Option or providing or mandating alternative settlement methods such as settlement of the Option in cash or in shares of Stock or other securities of the Company or of any other entity, or in any other matters which relate to the Option as the Administrator shall, in its sole discretion, determine to be necessary or appropriate.

Appears in 2 contracts

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

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Adjustments for Events Affecting 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, recapitalization, merger, consolidation, business combination or exchange of shares and the like, the Administrator shall, in its his discretion, make appropriate adjustments to the number, kind, kind and price of shares Shares covered by this Option, and shall, in its discretion and without the consent of the Optionee, make any other adjustments in to this Option, including but not limited to reducing the number of shares Shares subject to the Option or providing or mandating alternative settlement methods such as settlement of the Option in cash or in shares of Stock or other securities of the Company or of any other entity, or in any other matters which relate to the Option as the Administrator shall, in its sole discretion, determine to be necessary or appropriate.

Appears in 1 contract

Samples: Nonstatutory Stock Option Grant Agreement (Concur Technologies Inc)

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