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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: Employee Incentive Stock Option Agreement (Usana Health Sciences Inc), Independent Director 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/Consultant Stock Option Agreement (Britesmile Inc), Employee/Consultant Stock Option and Stock Appreciation Rights Agreement (Britesmile Inc), Employee Stock Option Agreement (Fonix Corp)

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