Common use of Antidilution Adjustments Clause in Contracts

Antidilution Adjustments. In the event of any change in the Common Stock by reason of any stock dividend, recapitalization, reorganization, merger, consolidation, split-up, combination or exchange of shares, or of any similar change affecting the Common Stock, the number and kind of shares subject to the Option and the purchase price per share thereof shall be appropriately adjusted consistent with such change in such manner as the Board may deem equitable to prevent substantial dilution or enlargement of the rights granted to the Participant.

Appears in 10 contracts

Samples: Nonqualified Stock Option Agreement (Bernstein Allen J), Incentive Stock Option Agreement (Bernstein Allen J), Nonqualified Stock Option Agreement (Mortons Restaurant Group Inc)

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