Common use of Extraordinary Corporate Transactions Clause in Contracts

Extraordinary Corporate Transactions. A. If the Company experiences a "Fundamental Change" (as that term is defined in Section 6(i) of the Plan), the Committee may make appropriate and proportionate adjustments in the number and type of shares or other securities or cash or other property that may thereafter be acquired upon the exercise of the Option; provided, however, that any such adjustments in the Option shall be made without changing the aggregate Exercise Price for the then unexercised portion of the Option.

Appears in 2 contracts

Samples: Nonqualified Stock Option Agreement (Atlantic Coast Airlines Holdings Inc), Incentive Stock Option Agreement (Atlantic Coast Airlines Holdings Inc)

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Extraordinary Corporate Transactions. A. If the Company experiences a "Fundamental Change" (as that term is defined in Section 6(i) of the Plan), the Committee may make appropriate and proportionate adjustments in the number and type of shares or other securities or cash or other property that may thereafter be acquired upon the exercise of the Option; provided, however, that any such adjustments in the Option shall be made without changing the aggregate Exercise Price for the then unexercised portion of the Option.

Appears in 2 contracts

Samples: Nonqualified Stock Option Agreement (Atlantic Coast Airlines Holdings Inc), Incentive Stock Option Agreement (Atlantic Coast Airlines Holdings Inc)

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Extraordinary Corporate Transactions. A. If the Company experiences a "Fundamental Change" (as that term is defined in Section 6(i) of the Plan), the Committee may shall make appropriate and proportionate adjustments in the number and type of shares or other securities or cash or other property that may thereafter be acquired upon the exercise of the Option; provided, however, that any such adjustments in the Option shall be made without changing the aggregate Exercise Price for the then unexercised portion of the Option.

Appears in 1 contract

Samples: Nonqualified Stock Option Agreement (Atlantic Coast Airlines Holdings Inc)

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