Common use of Change in Company Stock Clause in Contracts

Change in Company Stock. In the event of any change in the Shares, as described in Section 12.9 of the Plan, the Administrator will make appropriate adjustment or substitution in the number, kind and price of Shares under this Agreement, all as provided in the Plan. Such adjustment or substitution in the number, kind and price of Shares under this Agreement will be automatic and no formal amendment will be required to be made to this Agreement to effect the adjustment or substitution, provided the Participant is provided with adequate notice of such adjustment or substitution. The Administrator’s determination in this respect will be final, conclusive and binding on all parties.

Change in Company Stock. In the event of any change in the Shares, as described in Section 12.9 of the Plan, the Administrator will make appropriate adjustment or substitution in the number, kind and price of Shares under this Agreement, all as provided in the Plan. Such adjustment or substitution in the number, kind and price of Shares under this Agreement will be automatic and no formal amendment will be required to be made to this Agreement to effect the adjustment or substitution, provided the Participant Grantee is provided with adequate notice of such adjustment or substitution. The Administrator’s determination in this respect will be final, conclusive and binding on all parties.