Common use of No Dilution Clause in Contracts

No Dilution. (a) In the event the Company shall pay a share dividend or other distribution payable in shares of Common Stock, or the issued shares of Common Stock shall be subdivided, combined or consolidated, by reclassification or otherwise, into a greater or lesser number of shares of Common Stock, the Purchase Price in effect immediately prior (and each Purchase Price in effect subsequent) to such subdivision or combination, and the number of shares of Common Stock into which this option is exercisable, shall be proportionately adjusted.

Appears in 10 contracts

Samples: Employment Agreement (Medlink International, Inc.), Employment Agreement (Western Media Group Corp), Employment Agreement (Western Media Group Corp)

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