Common use of Dilution Protection Clause in Contracts

Dilution Protection. If the Corporation shall at any time pay a stock dividend or distribution on its Common Stock or if the Corporation shall at any time split, subdivide or combine the outstanding shares of its Common stock, the number of shares for which the Options granted hereunder may be exercised and the exercise price per share shall be adjusted proportionately. Any such adjustments shall be effective as of the record date for the split, subdivision or combination.

Appears in 4 contracts

Samples: Incentive Stock Option Agreement (Activeworlds Com Inc), Incentive Stock Option Agreement (Activeworlds Com Inc), Incentive Stock Option Agreement (Activeworlds Com Inc)

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Dilution Protection. If the Corporation shall at any time pay a stock dividend or distribution on its Common Stock or if the Corporation shall at any time tune split, subdivide or combine the outstanding shares of its Common stock, the die number of shares for which the Options granted hereunder this Option may be exercised and the exercise price per share shall be adjusted proportionately. Any such adjustments adjustment shall be effective as of on the record date for the split, subdivision or combination.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Micromuse Inc)

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Dilution Protection. If the Corporation shall at any time pay a stock dividend or distribution on its Common Stock or if the Corporation shall at any time split, subdivide or combine the outstanding shares of its Common stock, the number of shares for which the Options granted hereunder this Option may be exercised and the exercise price per share shall be adjusted proportionately. Any such adjustments adjustment shall be effective as of on the record date for the split, subdivision or combination.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Micromuse Inc)

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