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 Employee is entitled by reason of 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.
Appears in 13 contracts
Samples: Incentive Stock Option Agreement (Elixir Pharmaceuticals Inc), Stock Restriction Agreement (Infinity Pharmaceuticals, Inc.), Stock Restriction Agreement (Convergent Networks Inc)
