Common use of Adjustments for Stock Splits, Stock Dividends, etc Clause in Contracts

Adjustments for Stock Splits, Stock Dividends, etc. (a) If from time to time during the term of the Purchase Option there is any stock split, stock dividend, stock distribution or other reclassification of the Common Stock of the Company, any and all new, substituted or additional securities to which the Shareholder is entitled by reason of the Shareholder’s ownership of the Shares shall be immediately subject to the Purchase Option, the restrictions on transfer and other provisions of this Agreement in the same manner and to the same extent as the Shares, and the Option Price shall be appropriately adjusted. (b) If the Shares are converted into or exchanged for, or shareholders of the Company receive by reason of any distribution in total or partial liquidation, securities of another Company (an “Acquiring Corporation”), or other property (including cash), pursuant to any merger of the Company or acquisition of its assets by an Acquiring Corporation, then the rights of the Company under this Agreement shall inure to the benefit of the Acquiring Corporation and this Agreement shall apply to the securities or other property received from the Acquiring Corporation upon such conversion, exchange or distribution in the same manner and to the same extent as the Shares.

Adjustments for Stock Splits, Stock Dividends, etc. (a) If from time to time during the term of the Purchase Option there is any stock split-up, stock dividend, stock distribution or other reclassification of the Common Stock of the Company, any and all new, substituted or additional securities to which the Shareholder Employee is entitled by reason of the Shareholder’s his or her ownership of the Shares shall be immediately subject to the Purchase Option, the restrictions on transfer and other provisions of this Agreement in the same manner and to the same extent as the Shares, and the Option Price shall be appropriately adjusted. (b) If the Shares are converted into or exchanged for, or shareholders stockholders of the Company receive by reason of any distribution in total or partial liquidation, securities of another Company (an “Acquiring Corporation”)corporation, or other property (including cash), pursuant to any merger of the Company or acquisition of its assets by an Acquiring Corporationassets, then the rights of the Company under this Agreement shall inure to the benefit of the Acquiring Corporation Company’s successor and this Agreement shall apply to the securities or other property received from the Acquiring Corporation upon such conversion, exchange or distribution in the same manner and to the same extent as the Shares.

Adjustments for Stock Splits, Stock Dividends, etc. (a) If from time to time during the term of the Purchase Option there is any stock split-up, stock dividend, stock distribution or other reclassification of the Common Stock of the Company, any and all new, substituted or additional securities to which the Shareholder Stockholder is entitled by reason of the Shareholder’s Stockholder's ownership of the Shares shall be immediately subject to the Purchase Option, the restrictions on transfer and other provisions of this Agreement in the same manner and to the same extent as the Shares, and the Option Price shall be appropriately adjusted. (b) If the Shares are converted into or exchanged for, or shareholders stockholders of the Company receive by reason of any distribution in total or partial liquidation, securities of another Company corporation (an “"Acquiring Corporation”"), or other property (including cash), pursuant to any merger of the Company or acquisition of its assets by an Acquiring Corporation, then the rights of the Company under this Agreement shall inure to the benefit of the Acquiring Corporation and this Agreement shall apply to the securities or other property received from the Acquiring Corporation upon such conversion, exchange or distribution in the same manner and to the same extent as the Shares.

Adjustments for Stock Splits, Stock Dividends, etc. (a) If from time to time during the term of the Purchase Option there is any stock split-up, stock dividend, stock distribution or other reclassification of the Common Stock of the Company, any and all new, substituted or additional securities to which the Shareholder Employee is entitled by reason of the Shareholder’s his ownership of the Shares shall be immediately subject to the Purchase Option, the restrictions on transfer and other provisions of this Agreement in the same manner and to the same extent as the Shares, and the Option Price shall be appropriately adjusted. (b) If the Shares are converted into or exchanged for, or shareholders stockholders of the Company receive by reason of any distribution in total or partial liquidation, securities of another Company (an “Acquiring Corporation”)corporation, or other property (including cash), pursuant to any merger of the Company or acquisition of its assets by an Acquiring Corporationassets, then the rights of the Company under this Agreement shall inure to the benefit of the Acquiring Corporation Company’s successor and this Agreement shall apply to the securities or other property received from the Acquiring Corporation upon such conversion, exchange or distribution in the same manner and to the same extent as the Shares.

Adjustments for Stock Splits, Stock Dividends, etc. (a) If from time to time during the term of the Purchase Option there is any stock split-up, stock dividend, stock distribution or other reclassification of the Common Stock of the Company, any and all new, substituted or additional securities to which the Shareholder Participant is entitled by reason of the Shareholder’s his ownership of the Shares shall be immediately subject to the Purchase Option, the restrictions on transfer and other provisions of this Agreement in the same manner and to the same extent as the Shares, and the Option Price shall be appropriately adjusted. (b) If the Shares are converted into or exchanged for, or shareholders stockholders of the Company receive by reason of any distribution in total or partial liquidation, securities of another Company (an “Acquiring Corporation”)corporation, or other property (including cash), pursuant to any merger of the Company or acquisition of its assets by an Acquiring Corporationassets, then the rights of the Company under this Agreement shall inure to the benefit of the Acquiring Corporation Company’s successor and this Agreement shall apply to the securities or other property received from the Acquiring Corporation upon such conversion, exchange or distribution in the same manner and to the same extent as the Shares.

Adjustments for Stock Splits, Stock Dividends, etc. (a) If from time to time during the term of the Purchase Option there is any stock split-up, stock dividend, stock distribution or other reclassification of the Common Stock of the Company, any and all new, substituted or additional securities to which the Shareholder Employee is entitled by reason of the Shareholder’s his ownership of the Shares shall be immediately subject to the Purchase Option, the restrictions on transfer and other provisions of this Agreement in the same manner and to the same extent as the Shares, and the Option Price shall be appropriately adjusted. (b) If the Shares are converted into or exchanged for, or shareholders stockholders of the Company receive by reason of any distribution in total or partial liquidation, securities of another Company (an “Acquiring Corporation”)corporation, or other property (including cash), pursuant to any merger of the Company or acquisition of its assets by an Acquiring CorporationAcquisition, then the rights of the Company under this Agreement shall inure to the benefit of the Acquiring Corporation Company's successor and this Agreement shall apply to the securities or other property received from the Acquiring Corporation upon such conversion, exchange or distribution in the same manner and to the same extent as the Shares.

Adjustments for Stock Splits, Stock Dividends, etc. (a) If from time to time during the term of the Purchase Option there is any spin-off, stock split-up, stock dividend, stock distribution or other reclassification of the Common Stock of the Company, any and all new, substituted or additional securities to which the Shareholder Holder is entitled by reason of the Shareholder’s his or her ownership of the Restricted Shares shall be immediately subject to the Purchase Option, the restrictions on transfer transfer, redemption option and other provisions of this Agreement in the same manner and to the same extent as the Restricted Shares, and the Option Price shall be appropriately adjusted. (b) If the Restricted Shares are converted into or exchanged for, or shareholders stockholders of the Company receive by reason of any distribution in total or partial liquidation, securities of another Company (an “Acquiring Corporation”)corporation, or other property (including cash), pursuant to any merger of the Company or acquisition of its assets by an Acquiring Corporationassets, then the rights of the Company under this Agreement shall inure to the benefit of the Acquiring Corporation Company’s successor, and this Agreement shall apply to the securities or other property received from the Acquiring Corporation upon such conversion, exchange or distribution in the same manner and to the same extent as the Restricted Shares.

Adjustments for Stock Splits, Stock Dividends, etc. (a) If from time to time during the term terms of the Purchase Option there is any stock split-up, stock dividend, stock distribution or other reclassification of the Common Stock of the Company, any and all new, substituted or additional securities to which the Shareholder is Stockholder are entitled by reason of the Shareholder’s Stockholder's ownership of the Shares shall be immediately subject to the Purchase Option, and the restrictions on transfer and other provisions of this Agreement Put Option in the same manner and to the same extent as the Shares, and the Option Price and the Put Price shall be appropriately approximately adjusted. (b) If the Shares are converted into or exchanged for, or shareholders stockholders of the Company receive by reason of any distribution in total or partial liquidation, securities of another Company corporation (an “"Acquiring Corporation”"), or other property (including cash), pursuant to any merger of the Company or acquisition of its assets by an Acquiring Corporation, then the rights of the Company under this Agreement shall inure to the benefit of the Acquiring Corporation and this Agreement shall apply to the securities or other property received from the Acquiring Corporation upon such conversion, exchange or distribution in the same manner and to the same extent as the Shares.

Adjustments for Stock Splits, Stock Dividends, etc. (a) If from time to time during the term of the Purchase Option there is any stock split-up, stock dividend, stock distribution or other reclassification of the Common Stock of the Company, any and all new, substituted or additional securities to which the Shareholder Employee is entitled by reason of the Shareholder’s his ownership of the Shares shall be immediately subject to the Purchase Option, the restrictions on transfer and other provisions of this Agreement in the same manner and to the same extent as the Shares, and the Option Price shall be appropriately adjusted. (b) If the Shares are converted into or exchanged for, or shareholders stockholders of the Company receive by reason of any distribution in total or partial liquidation, securities of another Company (an “Acquiring Corporation”)corporation, or other property (including cash), pursuant to any merger or consolidation of the Company or acquisition of its assets by an Acquiring Corporationassets, then the rights of the Company under this Agreement shall inure to the benefit of the Acquiring Corporation Company's successor and this Agreement shall apply to the securities or other property received from the Acquiring Corporation upon such conversion, exchange or distribution in the same manner and to the same extent as the Shares.

Adjustments for Stock Splits, Stock Dividends, etc. (a) If from time to time during the term of the Purchase Option this Agreement there is any stock split-up, stock dividend, stock distribution or other reclassification of the Common Stock of the Company, any and all new, substituted or additional securities to which the Shareholder Employee is entitled by reason of the Shareholder’s his ownership of the Shares shall be immediately subject to the Purchase OptionOption granted to the Company pursuant to Section 2 hereof, the restrictions on transfer and other provisions of this Agreement in the same manner and to the same extent as the Shares, and the Option Price shall be appropriately adjusted. (b) If the Shares are converted into or exchanged for, or shareholders stockholders of the Company receive by reason of any distribution in total or partial liquidation, securities of another Company (an “Acquiring Corporation”)corporation, or other property (including cash), pursuant to any merger of the Company or acquisition of its assets by an Acquiring Corporationassets, then the rights of the Company under this Agreement shall inure to the benefit of the Acquiring Corporation Company's successor and this Agreement shall apply to the securities or other property received from the Acquiring Corporation upon such conversion, exchange or distribution in the same manner and to the same extent as the Shares.

Adjustments for Stock Splits, Stock Dividends, etc. (a) If from time to time during the term of the Purchase Option there is any stock split-up, stock dividend, stock distribution or other reclassification of the Common Stock of the Company, any and all new, substituted or additional securities to which the Shareholder Stockholder is entitled by reason of the Shareholder’s Stockholder's ownership of the Shares shall be immediately subject to the Purchase Option, the restrictions on transfer and other provisions of this Agreement in the same manner and to the same extent as the Shares, and the Option Price shall be appropriately adjusted. (b) If the Shares are converted into or exchanged for, or shareholders Stockholders of the Company receive by reason of any distribution in total or partial liquidation, securities of another Company (an “"Acquiring Corporation”Company"), or other property (including cash), pursuant to any merger of the Company or acquisition of its assets by an Acquiring CorporationCompany, then the rights of the Company under this Agreement shall inure to the benefit of the Acquiring Corporation Company and this Agreement shall apply to the securities or other property received from the Acquiring Corporation Company upon such conversion, exchange or distribution in the same manner and to the same extent as the Shares.

Adjustments for Stock Splits, Stock Dividends, etc. (a) If from time to time during the term of the Purchase Option there is any stock split-up, stock dividend, stock distribution or other reclassification of the Common Stock of the Company, any and all new, substituted or additional securities to which the Shareholder Employee is entitled by reason of the Shareholder’s his ownership of the Shares shall be immediately subject to the Purchase Option, the restrictions on transfer and other provisions of this Agreement in the same manner and to the same extent as the Shares, and the Option Price shall be appropriately adjusted. (b) If the Shares are converted into or exchanged for, or shareholders stockholders of the Company receive by reason of any distribution in total or partial liquidation, securities of another Company (an “Acquiring Corporation”)corporation, or other property (including cash), pursuant to any merger of the Company or acquisition of its assets by an Acquiring CorporationAcquisition, then the rights right's of the Company under this Agreement shall inure to the benefit of the Acquiring Corporation Company's successor and this Agreement shall apply to the securities or other property received from the Acquiring Corporation upon such conversion, exchange or distribution in the same manner and to the same extent as the Shares.

Adjustments for Stock Splits, Stock Dividends, etc. (a) If from time to time during the term of the Purchase Option there is any stock split-up, stock dividend, stock distribution or other reclassification of the Common Stock common stock of the CompanyCorporation, any and all new, substituted or additional securities to which the Shareholder Stockholder is entitled by reason of the Shareholder’s Stockholder's ownership of the Shares shall be immediately subject to the Purchase Option, the restrictions on transfer and other provisions of this Agreement in the same manner and to the same extent as the Shares, and the Option Price shall be appropriately adjusted. (b) If the Shares are converted into or exchanged for, or shareholders Stockholders of the Company Corporation receive by reason of any distribution in total or partial liquidation, securities of another Company corporation (an “"Acquiring Corporation”"), or other property (including cash), pursuant to any merger of the Company Corporation or acquisition of its assets by an Acquiring Corporation, then the rights of the Company Corporation under this Agreement shall inure to the benefit of the Acquiring Corporation and this Agreement shall apply to the securities or other property received from the Acquiring Corporation upon such conversion, exchange or distribution in the same manner and to the same extent as the Shares.