Common use of Adjustments in Number of Shares and Purchase Price Clause in Contracts

Adjustments in Number of Shares and Purchase Price. In the event a stock dividend is declared upon the Stock, the remaining shares of Stock then subject to Options under this Agreement shall be adjusted proportionately without any change in the aggregate purchase price therefor. In the event the Stock shall be changed into or exchanged for a different number or class of shares of stock of the Company or of another corporation, whether through reorganization, recapitalization, stock split, combination of shares, merger or consolidation, there shall be substituted for each such remaining share of Stock then subject to Options granted under this Agreement the number and class of shares of stock into which each outstanding share of Stock shall be so exchanged, all without any change in the aggregate purchase price for the shares then subject to Options granted under this Agreement.

Appears in 5 contracts

Samples: Deschutes Option Exchange Agreement (Citadel License Inc), Option Exchange Agreement (Citadel Communications Corp), Nonqualified Stock Option Agreement (Citadel License Inc)

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