Common use of Dilution or Other Adjustments Clause in Contracts

Dilution or Other Adjustments. In the event that prior to issuance by the Corporation of all the shares of Stock subject to the option, the Corporation shall have effected one or more stock splits, stock dividends, mergers, reorganizations, consolidations, combinations or exchanges of shares, recapitalizations or similar capital adjustments, the Board of Directors of the Corporation shall equitably adjust the number, kind and option price of the shares remaining subject to the option in order to avoid dilution or enlargement of option rights.

Appears in 4 contracts

Samples: Incentive Stock Option Agreement (Kaman Corp), Non Statutory Stock Option Agreement (Kaman Corp), Non Statutory Stock Option Agreement (Kaman Corp)

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Dilution or Other Adjustments. In the event that prior to issuance delivery by the Corporation of all the shares of Stock subject to the option, the Corporation shall have effected one or more stock splits, stock dividends, mergers, reorganizations, consolidations, combinations or exchanges of shares, recapitalizations or similar capital adjustments, the Board of Directors of the Corporation shall equitably adjust the number, kind and option price of the shares remaining subject to the option in order to avoid dilution or enlargement of option rights.

Appears in 3 contracts

Samples: Incentive Stock Option Agreement (Kaman Corp), Non Statutory Stock Option Agreement (Kaman Corp), Incentive Stock Option Agreement (Kaman Corp)

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Dilution or Other Adjustments. In the event that prior to issuance by the Corporation Company of all the shares of Stock Shares subject to the optionOption, the Corporation Company shall have effected one or more stock splits, stock dividends, mergers, reorganizations, consolidations, combinations or exchanges of shares, recapitalizations or similar capital adjustments, the Board of Directors of the Corporation Company shall equitably adjust the number, kind and option Option price of the shares Shares remaining subject to the option Option in order to avoid dilution or enlargement of option Option rights.

Appears in 2 contracts

Samples: Nonqualified Stock Option Agreement (KAMAN Corp), Nonqualified Stock Option Agreement (KAMAN Corp)

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