Common use of Dilution or Other Adjustments Clause in Contracts

Dilution or Other Adjustments. If there shall be any change in the shares of common stock of the Company through merger, consolidation, reorganization, recapitalization, dividend in the form of stock (of whatever amount), stock split or other change in the corporate structure, appropriate adjustments in the outstanding options shall be made by the Company. In the event of any such changes, adjustments shall include, where appropriate, changes in the aggregate number of shares subject and the price per share subject to outstanding and future options in order to prevent dilution or enlargement of option rights.

Appears in 4 contracts

Samples: Nonqualified Stock Option Agreement (Oxboro Medical International Inc), Nonqualified Stock Option Agreement (Oxboro Medical International Inc), Nonqualified Stock Option Agreement (Oxboro Medical International Inc)

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Dilution or Other Adjustments. If there shall be is any change in the outstanding shares of common stock Common Stock of the Company through as a result of a merger, consolidation, reorganization, recapitalization, dividend in the form of stock (of whatever amount)dividend, stock split to holders of shares that is distributable in shares, or other change in the corporate structure, appropriate adjustments in the outstanding options shall be made by capital stock structure of the Company. In , the event of any Board shall make such changes, adjustments shall include, where appropriate, changes to the option as the Board in the aggregate number of shares subject and the price per share subject to outstanding and future options in order its sole discretion deems equitable to prevent dilution or enlargement of the option rightsor otherwise advisable to reflect such change.

Appears in 1 contract

Samples: Stock Option Agreement (Insteel Industries Inc)

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