Common use of Antidilution Clause in Contracts

Antidilution. In the event that the outstanding shares of Stock hereafter are increased or decreased or changed into or exchanged for a different number or kind of shares or other securities of the Company or of any other corporation by reason of any merger, sale of stock, consolidation, liquidation, recapitalization, reclassification, stock split up, combination of shares, or stock dividend, the Option shall be proportionately and appropriately adjusted by the Board, pursuant to the provisions of the Plan.

Appears in 2 contracts

Samples: Form of Director Stock Option Agreement (Suncoast Bancorp Inc), Employee Stock Option Agreement (Suncoast Bancorp Inc)

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Antidilution. In the event that the outstanding shares of Stock hereafter ------------ are increased or decreased or changed into or exchanged for a different number or kind of shares of Stock or other securities of the Company or of any other another corporation by reason of any merger, sale of stock, consolidation, liquidationother reorganization, recapitalization, reclassification, stock split up, combination of shares, stock split-up, or stock dividend, the Option shall be proportionately and appropriately adjusted by the Board, pursuant to the provisions of the Plan.:

Appears in 1 contract

Samples: Stock Option Agreement (Commerce National Corp)

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Antidilution. In the event that the outstanding shares of Stock of the Company hereafter are increased or decreased or changed into or exchanged for a different number or kind of shares or other securities of the Company or of any other another corporation by reason of any merger, sale of stock, consolidation, liquidationother reorganization, recapitalization, reclassification, stock split up, combination of shares, stock split-up, stock dividend or stock dividend, the Option shall be proportionately and appropriately adjusted by the Board, pursuant to the provisions of the Plan.public offering:

Appears in 1 contract

Samples: Progressive Telecommunications Corp

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