Common use of Adjustments of Shares Subject to Option Clause in Contracts

Adjustments of Shares Subject to Option. If the Shares shall at any time prior to exercise be changed or exchanged by reason of reorganization, merger, consolidation, recapitalization, reclassification, stock split, combination of Shares or a dividend payable in stock, then the aggregate number of Shares subject to this Agreement and the purchase price of such Shares shall be automatically adjusted such that Director’s proportionate interest shall be maintained as before the occurrence of such event. The determination of any such adjustment by the Board or the Administrative Committee shall be final, binding and conclusive.

Adjustments of Shares Subject to Option. If the any Shares shall at any time prior to exercise be changed or exchanged by reason of or reorganization, merger, consolidation, recapitalization, reclassification, stock split, combination of Shares shares or a dividend payable in stock, then the aggregate number of Option Shares subject to this Agreement and the purchase price of such Option Shares shall be automatically adjusted such that Director’s Employee's proportionate interest shall be maintained as before the occurrence of such event. The determination of any such adjustment by the Board or the Administrative Committee shall be final, binding and conclusive.

Adjustments of Shares Subject to Option. If the Shares shall at any time prior to exercise be changed or exchanged by reason of reorganization, merger, consolidation, recapitalization, reclassification, stock split, combination of Shares or a dividend payable in stock, then the aggregate number of Shares subject to this Agreement and the purchase price of such Shares shall be automatically adjusted such that Director’s 's proportionate interest shall be maintained as before the occurrence of such event. The determination of any such adjustment by the Board or the Administrative Committee shall be final, binding and conclusive.

Adjustments of Shares Subject to Option. If the any Shares shall at any time prior to exercise be changed or exchanged by reason of reorganization, merger, consolidation, recapitalization, reclassification, stock split, combination of Shares shares or a dividend payable in stock, then the aggregate number of Option Shares subject to this Agreement and the purchase price of such Option Shares shall be automatically adjusted in a manner which complies with Section 409A of the Code such that DirectorEmployee’s proportionate interest shall be maintained as before the occurrence of such event. The determination of any such adjustment by the Board or the Administrative Committee shall be final, binding and conclusive.

Adjustments of Shares Subject to Option. If the any Shares shall at any time prior to exercise be changed or exchanged by reason of reorganization, merger, consolidation, recapitalization, reclassification, stock split, combination of Shares shares or a dividend payable in stock, then the aggregate number of Option Shares subject to this Agreement and the purchase price of such Option Shares shall be automatically adjusted such that DirectorEmployee’s proportionate interest shall be maintained as before the occurrence of such event. The determination of any such adjustment by the Board or the Administrative Committee shall be final, binding and conclusive.