Common use of No Adjustment upon Certain Transactions Clause in Contracts

No Adjustment upon Certain Transactions. The issuance by the Company of shares of stock of any class, or securities convertible into shares of stock of any class, for cash or property, or for labor or services rendered, either upon direct sale or upon the exercise of rights or warrants to subscribe therefor, or upon conversion of shares or obligations of the Company convertible into such shares or other securities, shall not affect, and no adjustment by reason thereof shall be made with respect to, outstanding Awards.

Appears in 4 contracts

Samples: 2005 Stock Incentive Plan (Pipeline Data Inc), 2005 Stock Incentive Plan (Pipeline Data Inc), 1994 Incentive Stock Plan (PMT Services Inc /Tn/)

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No Adjustment upon Certain Transactions. The issuance by the Company of shares of stock of any class, or securities convertible into shares of stock of any class, for cash or property, or for labor or services rendered, either upon direct sale or upon the exercise of rights or warrants to subscribe therefor, or upon conversion of shares or obligations of the Company convertible into such shares or other securities, shall not affect, and no adjustment by reason thereof shall be made with respect to, outstanding AwardsOptions.

Appears in 3 contracts

Samples: 1995 Non Qualified Stock Option Plan for Non Employee Directors (Bancorpsouth Inc), 1994 Non Employee Director Stock Option Plan (Nova Corp \Ga\), 1994 Non Employee Director Stock Option Plan (PMT Services Inc /Tn/)

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