Adjustments Upon Changes in Capital Structure. In the event of any change in the shares of Common Stock by reason of a stock dividend, stock split, stock consolidation, recapitalization, reorganization, merger, split up or the like, a pro rata automatic adjustment in the number of Option Shares and the exercise price of the Option Shares shall be made. The Board shall use its discretion and judgment as may otherwise be necessary to determine the appropriate adjustments to be made to preserve the benefit to Grantee of the Option, with its decision to be final and binding. Notwithstanding the above, in the event of any of the following:
Appears in 4 contracts
Samples: Stock Option Agreement (F5 Finishes, Inc), Stock Option Agreement (F5 Finishes, Inc), Stock Option Agreement (F5 Finishes, Inc)
