Common use of Number of Shares Adjusted Clause in Contracts

Number of Shares Adjusted. After any adjustment of the Exercise Price pursuant to this Section, the number of Shares issuable at the new Exercise Price shall be adjusted to the number obtained by (i) multiplying the number of Shares issuable upon exercise of the Option immediately before such adjustment by the Exercise Price in effect immediately before such adjustment and (ii) dividing the product so obtained by the new Exercise Price.

Appears in 4 contracts

Samples: Technology Corporation Stock Option Agreement (Roanoke Technology Corp), Technology Corporation Stock Option Agreement (Roanoke Technology Corp), Technology Corporation Stock Option Agreement (Roanoke Technology Corp)

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Number of Shares Adjusted. After any adjustment of the Exercise Exercised Price pursuant to this Section, the number of Shares issuable at the new Exercise Price shall be adjusted to the number obtained by (i) multiplying the number of Shares issuable upon exercise of the Option immediately before such adjustment by the Exercise Price in effect immediately before such adjustment and (ii) dividing the product so obtained by the new Exercise Price.

Appears in 1 contract

Samples: Roanoke Technology Corporation Stock Option Agreement (Foster Edwin)

Number of Shares Adjusted. After any adjustment of the Exercise ------------------------- Price pursuant to this SectionSection 10, the number of Shares issuable at the new Exercise Price shall be adjusted to the number obtained by (i) multiplying the number of Shares issuable upon exercise of the Option immediately before such adjustment by the Exercise Price in effect immediately before such adjustment adjustment, and (ii) dividing the product so obtained by the new Exercise Price.

Appears in 1 contract

Samples: Nonstatutory Stock Option Agreement (Balance Bar Co)

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Number of Shares Adjusted. After any adjustment of the Exercise Price pursuant to this SectionSection 7.1, the number of Shares issuable at the new Exercise Price shall be adjusted to the number obtained by (i) multiplying the number of Shares issuable upon exercise of the Option this Warrant immediately before such adjustment by the Exercise Price in effect immediately before such adjustment and (ii) dividing the product so obtained by the new Exercise Price.

Appears in 1 contract

Samples: Alpha Microsystems

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