Common use of Adjustments Upon Changes in Capitalization Clause in Contracts

Adjustments Upon Changes in Capitalization. If at any time after the date of grant of this option, the Company shall, by stock dividend, split-up, combination, reclassification or exchange, or through merger or consolidation, or otherwise, change its shares of Common Stock into a different number or kind or class of shares or other securities or property, then the number of shares covered by this option and the price of each such share shall be proportionately adjusted for any such change by the Committee, whose determination shall be conclusive.

Appears in 28 contracts

Samples: Employment Agreement (Nexell Therapeutics Inc), Non Incentive Stock Option Agreement (Nexell Therapeutics Inc), Non Incentive Stock Option Agreement (Nexell Therapeutics Inc)

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