Certain Changes in Corporate Structure Clause Samples

Certain Changes in Corporate Structure. If NWA Corp. pays a stock dividend on the Common Stock, if shares of the Common Stock are split, combined, reclassified, changed into, or exchanged for, a different number or kind of securities of NWA Corp., or if shares of the Common Stock are changed into, or are exchanged for, any other class or series of capital stock or cash, securities or other property pursuant to a recapitalization, reclassification, merger, consolidation, or combination, then the Board shall make such adjustments as are necessary to reflect such change so as to prevent the diminution or enlargement of a Participant's rights under the Plan, including but not limited to, adjustments in the aggregate number of shares reserved for issuance under the Plan, and adjustments in the number and class of and/or price of shares subject to outstanding Options granted under the Plan; provided that the number of shares subject to any Option shall always be a whole number. (Numbers below .5 shall be rounded down and numbers of .5 or above shall be rounded up.)