Common use of Adjustments for Recapitalizations, Etc Clause in Contracts

Adjustments for Recapitalizations, Etc. In the event of any alteration or re-organization whatsoever taking place in the capital structure of the Company whether by way of capitalization of profits or reserves, capital distribution, rights issue, consolidation or sub-division of Shares, the conversion of one class of share to another or reduction of capital or otherwise, the number of Shares subject to this Award shall be proportionately adjusted by the Board on an equitable basis.

Adjustments for Recapitalizations, Etc. In the event of any alteration or re-organization whatsoever taking place in the capital structure of the Company whether by way of capitalization of profits or reserves, capital distribution, rights issue, consolidation or sub-division of Shares, the conversion of one class of share to another or reduction of capital or otherwise, otherwise the number of Shares subject to this Award shall be proportionately adjusted by the Board on an equitable basis.

Adjustments for Recapitalizations, Etc. In the event of any alteration stock dividends, stock splits, recapitalizations, mergers, consolidations, combinations, exchanges of shares, spin-offs, liquidations, reclassifications or re-organization whatsoever taking place other similar changes in the capital structure capitalization of the Company whether by way of capitalization of profits or reserves, capital distribution, rights issue, consolidation or sub-division of Shares, the conversion of one class of share to another or reduction of capital or otherwiseCompany, the number of Shares subject to this Award shall be proportionately adjusted by the Board on an equitable basis.