Common use of CHANGE IN CAPITAL Clause in Contracts

CHANGE IN CAPITAL. If prior to the expiration of the Option, there shall be any changes in the Stock structure of the Company by reason of the declaration of stock dividends, recapitalization resulting in stock split-ups or combinations or exchanges of shares by reason of merger, consolidation, or by any other means, then the number of shares subject to the Option and the exercise price per share of Stock shall be equitably and appropriately adjusted as the Committee in its sole discretion shall deem just and reasonable in light of all the circumstances pertaining thereto.

CHANGE IN CAPITAL. If prior to the expiration of the Option, there shall be any changes in the Stock structure of the Company by reason of the declaration of stock dividends, recapitalization resulting in stock split-ups or combinations or exchanges of shares by reason of merger, consolidation, or by any other means, then the number of shares subject to the Option and the exercise price per share of Stock shall be equitably and appropriately adjusted as the Committee Board in its sole discretion shall deem just and reasonable in light of all the circumstances pertaining thereto.