Common use of ADJUSTMENTS UPON CHANGES IN CAPITALIZATION, MERGER, ETC Clause in Contracts

ADJUSTMENTS UPON CHANGES IN CAPITALIZATION, MERGER, ETC. Notwithstanding any other provision herein, in the event of any merger, reorganization, consolidation, recapitalization, separation, liquidation, stock dividend, split-up, share combination, or other change in the corporate structure of the Company affecting the Shares, such adjustment shall be made in the number and class of Shares subject to this Option and the Option Price as may be determined by the Committee, in its sole discretion, to be appropriate and equitable to prevent dilution or enlargement of rights, provided that any fractional share resulting from such adjustment shall be eliminated.

Appears in 5 contracts

Samples: Nonqualified Stock Option Agreement (Sybron Dental Specialties Inc), Option Agreement (Apogent Technologies Inc), Option Agreement (Sybron Dental Specialties Inc)

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ADJUSTMENTS UPON CHANGES IN CAPITALIZATION, MERGER, ETC. Notwithstanding any other provision herein, in the event of any merger, reorganization, consolidation, recapitalization, separation, liquidation, stock dividend, split-up, share combination, or other change in the corporate structure of the Company affecting the Shares, such adjustment shall be made in the number and class of Shares Restricted Stock Units subject to this Option and the Option Price Agreement as may be determined by the Committee, in its sole discretion, to be appropriate and equitable to prevent dilution or enlargement of rights, provided that any fractional share resulting from such adjustment shall be eliminated.

Appears in 2 contracts

Samples: 2001 Equity Incentive Plan (Apogent Technologies Inc), 2001 Equity Incentive Plan (Apogent Technologies Inc)

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