Common use of Exercise Price Adjustment Clause in Contracts

Exercise Price Adjustment. Upon each adjustment of the number of Option Shares issuable upon exercise of each whole Option pursuant to this Section 8, the Exercise Price of each Option outstanding immediately prior to such adjustment shall thereafter be equal to an adjusted Exercise Price per Option Share determined (to the nearest cent) by multiplying the Exercise Price for each whole Option immediately prior to such adjustment by a fraction, the numerator of which shall be the number of Option Shares issuable upon exercise of each whole Option immediately prior to such adjustment and the denominator of which shall be the number of Option Shares issuable upon exercise of each whole Option immediately after such adjustment.