ADJUSTMENTS TO STOCK. If, from time to time, during the term of the Co-Founders' Option or 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 corporate 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 Stock shall be immediately subject to the Co-Founders' Option and the Repurchase Option and shall be deemed to be "Stock" for all purposes hereunder with the same force and effect as the shares of the Stock presently subject to the Co-Founders' Option and the Repurchase Option, but only to the extent the Stock is, at the time, covered by such Co-Founders' Option or Repurchase Option. While the aggregate purchase price shall remain the same after each such event, the purchase price per share of Stock upon exercise of the Co-Founders' Option or the Repurchase Option shall be appropriately adjusted.
Appears in 5 contracts
Samples: Stock Purchase Agreement (Jato Communications Corp), S Stock Purchase Agreement (Jato Communications Corp), S Stock Purchase Agreement (Jato Communications Corp)
