Common use of Cumulative Adjustments Clause in Contracts

Cumulative Adjustments. Full effect will be given to the provisions of clauses 16.3 to 16.5, as and when occasions of their application arise and in such manner that the effects of the successive applications of them are cumulative, the intention being that the adjustments they progressively effect will be such as to reflect, in relation to the Shares issuable on exercise of the Options outstanding, the adjustments which on the occasions in question are progressively effected in relation to Shares already on issue.

Cumulative Adjustments. Full effect will shall be given to the provisions of clauses 16.3 Sections 14.4 to 16.514.6, as and when occasions of their application arise and in such manner that the effects of the successive applications of them are cumulative, the intention being that the adjustments they progressively effect will be such as to reflect, in relation to the Shares issuable on exercise of the Options outstanding, the adjustments which on the occasions in question are progressively effected in relation to Shares already on issue.