Common use of Antidilution Clause in Contracts

Antidilution. The aggregate number of shares of Common Stock available for issuance under the Options, and the price per share, shall all be proportionately adjusted for any increase or decrease in the number of issued shares of Common Stock subsequent to the date of this Agreement resulting from a recapitalization, reorganization, merger, consolidation or similar transaction as provided in the Plan.

Appears in 6 contracts

Samples: Usana Health (Usana Health Sciences Inc), Employee Stock Option Agreement (Usana Health Sciences Inc), Employee Stock Option Agreement (Usana Health Sciences Inc)

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Antidilution. The aggregate number of shares of Common Stock ------------ available for issuance under the Options, and the price per share, shall all be proportionately adjusted for any increase or decrease in the number of issued shares of Common Stock subsequent to the date of this Agreement resulting from a recapitalization, reorganization, merger, consolidation or similar transaction as provided in the Plan.

Appears in 3 contracts

Samples: Employee Stock Option Agreement (Fonix Corp), Stock Option Agreement (Britesmile Inc), Stock Option Agreement (Britesmile Inc)

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Antidilution. The aggregate number of shares of Common Stock ------------ available for issuance under the Options, and the price per share, shall all be proportionately adjusted for any increase or decrease in the number of issued shares of Common Stock subsequent to the date of this Agreement resulting from a recapitalization, reorganization, merger, consolidation or similar transaction as provided in the Plan. Upon dissolution or liquidation of the Company, or upon a merger or consolidation in which the Company is not the surviving corporation (unless otherwise agreed in connection with the merger), the Options shall terminate.

Appears in 2 contracts

Samples: Director Stock Option Agreement (Britesmile Inc), Option and Stock Appreciation Rights Agreement (Britesmile Inc)

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