Common use of Dividends, Subdivisions and Combinations Clause in Contracts

Dividends, Subdivisions and Combinations. In the event that the Company shall (i) pay a dividend in shares of Common Stock or make a distribution in shares of Common Stock, (ii) subdivide its outstanding shares of Common Stock into a greater number of shares or (iii) combine its outstanding shares of Common Stock into a smaller number of shares, then the Exercise Price in effect at the time of the record date for such dividend or of the effective date of such subdivision or combination shall be proportionately adjusted to the price determined by multiplying the Exercise Price in effect immediately prior to such event by a fraction, (y) the numerator of which shall be the total number of outstanding shares of Common Stock immediately prior to such event and (z) the denominator of which shall be the total number of outstanding shares of Common Stock immediately after such event. An adjustment made pursuant to this Section 3.01(a) shall become effective on the effective date of such event.

Dividends, Subdivisions and Combinations. In the event that the Company shall (i) pay a dividend in shares of Common Stock or make a distribution in shares of Common Stock, (ii) subdivide its outstanding shares of Common Stock into a greater number of shares or (iii) combine its outstanding shares of Common Stock into a smaller number of shares, then each of the Exercise Price and the Trigger Price in effect at the time of the record date for such dividend or of the effective date of such subdivision or combination shall be proportionately adjusted to the price those prices determined by multiplying each of the Exercise Price and the Trigger Price in effect immediately prior to such event by a fraction, (y) the numerator of which shall be the total number of outstanding shares of Common Stock immediately prior to such event and (z) the denominator of which shall be the total number of outstanding shares of Common Stock immediately after such event. An adjustment made pursuant to this Section 3.01(a) shall become effective on the effective date of such event.