Dilution or Other Adjustments. In the event of any change in the Common Stock subject to the Options granted by this Agreement through merger, consolidation, reorganization, recapitalization, stock split, stock dividend, or the issuance to stockholders of rights to subscribe to stock of the same class, or in the event of any change in the capital structure or other increase or decrease in the number of issued shares of Common Stock effected without the receipt of consideration by the Company, the Board of Directors of the Company shall make such adjustments with respect to (i) the number of Option Shares, (ii) the Exercise Price, or (iii) any provision of this Agreement, as it may deem equitable in order to prevent dilution or enlargement of the Options and the rights granted hereunder.
Appears in 3 contracts
Samples: Employee Non Qualified Stock Option Agreement (Shorewood Packaging Corp), Non Qualified Stock Option Agreement (Shorewood Packaging Corp), Employee Non Qualified Stock Option Agreement (Shorewood Packaging Corp)
Dilution or Other Adjustments. In the event of any change in the Common Stock subject to the Options Option granted by this Agreement through merger, consolidation, reorganization, recapitalization, stock split, stock dividend, or the issuance to stockholders of rights to subscribe to stock of the same class, or in the event of any change in the capital structure or other increase or decrease in the number of issued shares of Common Stock effected without the receipt of consideration by the Companystructure, the Board of Directors of the Company shall on an equitable basis make such adjustments with respect to (i) the number of Option Sharesshares of Common Stock of the Company subject to the Option, (ii) the Exercise Priceoptions granted hereunder, or (iii) any provision of this Agreement, as it may deem equitable in order to prevent dilution or enlargement of the Options Option and the rights granted hereunder.
Appears in 2 contracts
Samples: Non Qualified Stock Option Agreement (Shorewood Packaging Corp), Non Qualified Stock Option Agreement (Shorewood Packaging Corp)
Dilution or Other Adjustments. In the event of any change in the Common Stock subject to the Options Option granted by this Agreement through merger, consolidation, reorganization, recapitalization, stock split, stock dividend, or the issuance to stockholders of rights to subscribe to stock of the same class, or in the event of any change in the capital structure or other increase or decrease in the number of issued shares of Common Stock effected without the receipt of consideration by the Companystructure, the Board of Directors of the Company shall on an equitable basis make such adjustments with respect to (iI) the number of Option Sharesshares of Common Stock of the Company subject to the Option, (ii) the Exercise Priceoptions granted hereunder, or (iii) any provision of this Agreement, as it may deem equitable in order to prevent dilution or enlargement of the Options Option and the rights granted hereunder.
Appears in 1 contract
Samples: Non Qualified Stock Option Agreement (Shorewood Packaging Corp)