Common use of Changes in the Company’s Capital Structure Clause in Contracts

Changes in the Company’s Capital Structure. The number of Shares subject to the Option and the price per Share payable upon exercise of the Option shall be subject to the provisions of the Plan relating to adjustments to corporate capitalization, provided; however, that in the event of any reorganization, recapitalization, dividend or distribution (whether in cash, shares or other property, other than a regular cash dividend), stock split, reverse stock split or other similar change in corporate structure affecting the Shares subject to the Option, the Option shall be appropriately adjusted to reflect such change, but only so far as is necessary to maintain the proportionate interest of the Participant and preserve, without exceeding, the value of such Option.

Appears in 4 contracts

Samples: Incentive Stock Option Agreement (Schlumberger Limited/Nv), Non Qualified Stock Option Agreement (Schlumberger Limited/Nv), Incentive Stock Option Agreement (Schlumberger Limited/Nv)

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Changes in the Company’s Capital Structure. The number of Shares subject to the Option and the price per Share payable upon exercise of the Option shall be subject to the provisions of the Plan relating to adjustments to corporate capitalization, provided; however, that in the event of any reorganization, recapitalization, dividend or distribution (whether in cash, shares or other property, other than a regular cash dividend), stock split, reverse stock split or other similar change in corporate structure affecting the Shares subject to the Option, the Option shall be appropriately adjusted to reflect such change, but only so far as is necessary to maintain the proportionate interest of the Participant Optionee and preserve, without exceeding, the value of such Option.

Appears in 4 contracts

Samples: Non Qualified Stock Option Agreement (Schlumberger Limited/Nv), Incentive Stock Option Agreement (Schlumberger Limited/Nv), Non Qualified Stock Option Agreement (Cameron International Corp)

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Changes in the Company’s Capital Structure. The number of Shares subject to the Option and the price per Share payable upon exercise of the Option shall be subject to the provisions of the Plan relating to adjustments to corporate capitalization, provided; , however, that in the event of any reorganization, recapitalization, dividend or distribution (whether in cash, shares or other property, other than a regular cash dividend), stock split, reverse stock split or other similar change in corporate structure affecting the Shares subject to the Option, the Option shall be appropriately adjusted to reflect such change, but only so far as is necessary to maintain the proportionate interest of the Participant and preserve, without exceeding, the value of such Option.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Cameron International Corp)

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