Common use of Changes in Common Stock Clause in Contracts

Changes in Common Stock. In the event of any reorganization, recapitalization, stock split, stock dividend, merger, consolidation, combination of shares or other change affecting the Company's common stock, the Board shall make adjustments in the number and kind of securities to be subject to the Option, such adjustments to be consistent with adjustments made with respect to options held by other employees and directors of the Company. Any such adjustment made by the Board shall be conclusive. This Agreement shall not affect the right of the Company or any of its subsidiaries to reclassify, recapitalize or otherwise change its capital or debt structure or to merge, consolidate, convey any or all of its assets, dissolve, or liquidate, wind up or otherwise reorganize.