Common use of Adjustments to Restricted Stock Clause in Contracts

Adjustments to Restricted Stock. If, from time to time, during the term of the Repurchase Option there is any change affecting the Company’s outstanding Common Stock as a class that is effected without the receipt of consideration by the Company (through merger, consolidation, reorganization, reincorporation, stock dividend, dividend in property other than cash, stock split, liquidating dividend, combination of shares, change in corporation structure or other transaction not involving the receipt of consideration by the Company), then any and all new, substituted or additional securities or other property to which Purchaser is entitled by reason of Purchaser’s ownership of Restricted Stock shall be immediately subject to the Repurchase Option and be included in the meaning of “Restricted Stock” for all purposes of the Repurchase Option with the same force and effect as the shares of the Restricted Stock presently subject to the Repurchase Option, but only to the extent the Restricted Stock is, at the time, covered by such Repurchase Option. While the total Option Price shall remain the same after each such event, the Option Price per share of Restricted Stock upon exercise of the Repurchase Option shall be appropriately adjusted.

Appears in 3 contracts

Samples: Restricted Stock Purchase Agreement (NEUROONE MEDICAL TECHNOLOGIES Corp), Restricted Stock Purchase Agreement, Stock Purchase Agreement

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Adjustments to Restricted Stock. If, from time to time, during the term of the Repurchase Option there is any change affecting the Company’s outstanding Common Stock as a class that is effected without the receipt of consideration by the Company (through merger, consolidation, reorganization, reincorporation, stock dividend, dividend in property other than cash, stock split, liquidating dividend, combination of shares, change in corporation structure or other transaction not involving the receipt of consideration by the Company), then any and all new, substituted or additional securities or other property (including cash) to which Purchaser the Stockholder is entitled by reason of Purchaserthe Stockholder’s ownership of Restricted Stock shall will be immediately subject to the Repurchase Option and be included in the meaning of word “Restricted Stock” for all purposes of the Repurchase Option with the same force and effect as the shares of the Restricted Stock presently subject to the Repurchase Option, but only to the extent the Restricted Stock is, at the time, covered by such Repurchase Option. While the total Option Price shall will remain the same after each such event, the Option Price per share of Restricted Stock upon exercise of the Repurchase Option shall will be appropriately adjusted.

Appears in 2 contracts

Samples: Stock Restriction Agreement (CytoDyn Inc.), Transaction Agreement (CytoDyn Inc.)

Adjustments to Restricted Stock. If, from time to time, during the term of the Repurchase Option there is any change affecting the CompanyCorporation’s outstanding Common Stock as a class that is effected without the receipt of consideration by the Company Corporation (through merger, consolidation, reorganization, reincorporation, stock dividend, dividend in property other than cash, stock split, liquidating dividend, combination of shares, change in corporation structure or other transaction not involving the receipt of consideration by the CompanyCorporation), then any and all new, substituted or additional securities or other property (including cash) to which Purchaser the Stockholder is entitled by reason of Purchaserthe Stockholder’s ownership of Restricted Stock shall will be immediately subject to the Repurchase Option and be included in the meaning of word “Restricted Stock” for all purposes of the Repurchase Option with the same force and effect as the shares of the Restricted Stock presently subject to the Repurchase Option, but only to the extent the Restricted Stock is, at the time, covered by such Repurchase Option. While the total Option Price shall will remain the same after each such event, the Option Price per share of Restricted Stock upon exercise of the Repurchase Option shall will be appropriately adjusted.

Appears in 1 contract

Samples: Executive Employment Agreement (Waverly Labs Inc)

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Adjustments to Restricted Stock. If, from time to time, during the term of the Repurchase Option there is any change affecting the Company’s outstanding Common Stock as a class that is effected without the receipt of consideration by the Company (through merger, consolidation, reorganization, reincorporation, stock dividend, dividend in property other than (including cash), stock split, liquidating dividend, combination of shares, change in corporation structure or other transaction not involving the receipt of consideration by the Company), then any and all new, substituted or additional securities or other property (including cash) to which Purchaser the Stockholder is entitled by reason of Purchaserthe Stockholder’s ownership of Restricted Stock shall will be immediately subject to the Repurchase Option and be included in the meaning of word “Restricted Stock” for all purposes of the Repurchase Option with the same force and effect as the shares of the Restricted Stock presently subject to the Repurchase Option, but only to the extent the Restricted Stock is, at the time, covered by such Repurchase Option. While the total Option Price shall will remain the same after each such event, the Option Price per share of Restricted Stock upon exercise of the Repurchase Option shall will be appropriately adjusted.

Appears in 1 contract

Samples: Stock Restriction Agreement (Wize Pharma, Inc.)

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