Adjustments to Option. 6.1 Subject to any required action by the Committee and shareholders, the number of shares provided for in the Option, and the price per share thereof shall be proportionately adjusted for any increase or decrease in the number of issued shares of the Company resulting from the payment of a share dividend, a share split or any transaction which is a "corporate transaction" (as defined in the Treasury regulations promulgated under Section 424 of the Code. 6.2 Subject to any required action by the Committee and shareholders, if the Company shall be the surviving entity in any merger or consolidation, or after a consolidation
Appears in 4 contracts
Samples: Stock Option Agreement (Dusa Pharmaceuticals Inc), Stock Option Agreement (Dusa Pharmaceuticals Inc), Stock Option Agreement (Dusa Pharmaceuticals Inc)
Adjustments to Option. 6.1 Subject to any required action by the Committee and shareholders, the number of shares provided for in the Option, and the price per share thereof shall be proportionately adjusted for any increase or decrease in the number of issued shares of the Company resulting from the payment of a share dividend, a share split or any transaction which is a "corporate transaction" (as defined in the Treasury regulations promulgated under Section 424 of the Code.
6.2 Subject to any required action by the Committee and shareholders, if the Company shall be the surviving entity in any merger or consolidation, or after a consolidationconsolidation of the Company and one or more entities in which the resulting entity is an independent entity, the Option shall pertain to and apply to the
Appears in 2 contracts
Samples: Stock Option Agreement (Dusa Pharmaceuticals Inc), Stock Option Agreement (Dusa Pharmaceuticals Inc)
Adjustments to Option. 6.1 Subject to any required action by the Committee and shareholders, the number of shares provided for in the Option, and the price per share thereof shall be proportionately adjusted for any increase or decrease in the number of issued shares of the Company resulting from the payment of a share dividend, a share split or any transaction which is a "corporate transaction" (as defined in the Treasury regulations promulgated under Section 424 of the Code.
6.2 Subject to any required action by the Committee and shareholders, if the Company shall be the surviving entity in any merger or consolidation, or after a consolidationafter
Appears in 1 contract
Samples: Nonqualified Stock Option Agreement (Dusa Pharmaceuticals Inc)
