Common use of Effect of Certain Changes Clause in Contracts

Effect of Certain Changes. (a) If there is any change in the number of shares of outstanding Common Stock through the declaration of stock dividends, or through a recapitalization resulting in stock splits or combinations or exchanges of such shares, the number of shares of Common Stock available for Options and the number of such shares covered by outstanding Options, and the exercise price per share of the outstanding Options, shall be proportionately adjusted by the Board to reflect any increase or decrease in the number of issued shares of Common Stock: provided, however, that any fractional shares resulting from such adjustment shall be eliminated.

Appears in 9 contracts

Samples: Stock Option Agreement (Esat Inc), Stock Option Agreement (Esat Inc), Stock Option Agreement (Esat Inc)

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Effect of Certain Changes. (a) If there is any change in In the event that the number of outstanding shares of outstanding the Common Stock of the Company shall be changed through the declaration of stock dividends, dividends or through a recapitalization resulting which results in stock splits or combinations or exchanges of such sharesreverse stock splits, the number of shares of Common Stock available for Options Option Shares and the number of such shares covered by outstanding Options, and the exercise purchase price per share of the outstanding Options, Option Share shall be proportionately adjusted appropriately adjusted, as determined by the Board Committee, to reflect any increase or decrease in the number of issued shares of Common Stock: ; provided, however, that any fractional shares resulting from such adjustment shall be eliminatedeliminated to give proper effect to such changes.

Appears in 2 contracts

Samples: Non Qualified Stock Option (Richardson Electronics LTD/De), Option Agreement (Richardson Electronics LTD/De)

Effect of Certain Changes. (a) a. If there is any change in the number of issued shares of outstanding Common Stock through the declaration of stock dividends, or through a recapitalization resulting in stock splits splits, or combinations or exchanges of such shares, the number of shares of Common Stock available for Options and the number of such shares covered by outstanding Optionsgranted pursuant to this Agreement that have not been exercised or lapsed, and the exercise price per share of the outstanding Options, such Options shall be proportionately adjusted by the Board Committee to reflect any increase or decrease in the number of issued shares of Common Stock: , provided, however, that any fractional shares resulting from such adjustment shall be eliminated.

Appears in 2 contracts

Samples: Abm Industries Incorporated (Abm Industries Inc /De/), Abm Industries Incorporated (Abm Industries Inc /De/)

Effect of Certain Changes. (a) If there is any change in In the event that the number of outstanding shares of outstanding the Common Stock of the Company shall be changed through the declaration of stock dividends, dividends or through a recapitalization resulting which results in stock splits or combinations or exchanges of such sharesreverse stock splits, the number of shares of Common Stock Shares available for Options and issuance under the number of such shares covered by outstanding Options, and the exercise price per share of the outstanding Options, Plan shall be proportionately adjusted appropriately adjusted, as determined by the Board Company, to reflect any increase or decrease in the number of issued shares of Common Stock: ; provided, however, that any fractional shares resulting from such adjustment shall be eliminatedeliminated to give proper effect to such changes.

Appears in 2 contracts

Samples: Compensation Plan Agreement (Richardson Electronics LTD/De), Incentive Compensation Plan Agreement (Richardson Electronics LTD/De)

Effect of Certain Changes. (a) If there is any change in the number of outstanding shares of outstanding Common Stock through the declaration by reason of any stock dividend, stock split, recapitalization, combination, exchange of shares, merger, consolidation, liquidation, split-up, spin-off or other similar change in capitalization, any distribution to shareholders, including a rights offering, other than cash in dividends, or through a recapitalization resulting in stock splits or combinations or exchanges of such sharesany like change, the number of shares of Common Stock available for Options and the number of such shares Restricted Shares covered by outstanding Options, and the exercise price per share of the outstanding Options, this Agreement shall be proportionately adjusted by the Board Committee to reflect any increase such change or decrease in the number of issued shares of Common Stock: distribution provided, however, that any fractional shares resulting from such adjustment shall be eliminated.

Appears in 1 contract

Samples: Restricted Stock Agreement (Laboratory Corp of America Holdings)

Effect of Certain Changes. (a) If there is any change in the number of outstanding shares of outstanding Common Stock through the declaration by reason of any stock dividend, stock split, recapitalization, combination, exchange of shares, merger, consolidation, liquidation, split-up, spin-off or other similar change in capitalization, any distribution to shareholders, including a rights offering, other than cash in dividends, or through a recapitalization resulting in stock splits or combinations or exchanges of such sharesany like change, the number of shares of Common Stock available for Options and the number of such shares Performance Shares covered by outstanding Options, and the exercise price per share of the outstanding Options, this Agreement shall be proportionately adjusted by the Board Committee to reflect any increase such change or decrease in the number of issued shares of Common Stock: distribution provided, however, that any fractional shares resulting from such adjustment shall be eliminated.

Appears in 1 contract

Samples: Performance Award Agreement (Laboratory Corp of America Holdings)

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Effect of Certain Changes. (a) If there is any change in the number of shares of outstanding Common Stock through the declaration of stock dividends, or through a recapitalization resulting in stock splits or combinations or exchanges of such shares, the number of shares of Common Stock available for Options options and the number of such shares covered by outstanding Optionsoptions, and the exercise price per share of the outstanding Optionsoptions, shall be proportionately adjusted by the Board to reflect any increase or decrease in the number of issued shares of Common Stock: ; provided, however, that any fractional shares resulting from such adjustment shall be eliminated.

Appears in 1 contract

Samples: Employment Agreement (Esat Inc)

Effect of Certain Changes. (ai) If there is any change in the number of outstanding shares of outstanding Common Stock through the declaration of stock dividends, or through a recapitalization resulting in stock splits splits, or combinations or exchanges of such shares, the number of shares of Common Stock available for Options and options, the number of such shares covered by outstanding Optionsoptions, and the exercise price per share of the outstanding Optionssuch options, shall be proportionately adjusted by the Board Committee to reflect any increase or decrease in the number of issued shares of Common Stock: ; provided, however, that any fractional shares resulting from such adjustment shall be eliminated.

Appears in 1 contract

Samples: Agreement of Exchange (Carmina Technologies Inc)

Effect of Certain Changes. (a) If there is any change in the number of issued shares of outstanding Common Stock through the declaration of stock dividends, or through a recapitalization resulting in stock splits splits, or combinations or exchanges of such shares, the number of shares of Common Stock available for Options and subject to the number of such shares covered by outstanding OptionsOption granted pursuant to this Agreement that have not been exercised or lapsed, and the exercise price per share of the outstanding Options, such Options shall be proportionately adjusted by the Board Committee to reflect any increase or decrease in the number of issued shares of Common Stock: , provided, however, that any fractional shares resulting from such adjustment shall be eliminated.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Equity Corp International)

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