Option Adjustments. Notwithstanding any other provision in this Agreement, the number and kind of shares that are subject to the Option and the Option Price shall be subject to adjustment as provided in accordance with the terms of the Plan.
Option Adjustments. In the event of a stock dividend, stock split ------------------ or other change in corporate structure or capitalization affecting the common shares or any other transaction (including, without limitation, an extraordinary cash dividend) which, in the determination of the Compensation Committee (the "Committee") of the Board of Directors, affects the common shares such that an adjustment is required in order to preserve the benefits or potential benefits intended to be made available under the Plan, then the Committee shall equitably adjust any or all of (i) the number and kind of shares subject to this Option, and (ii) the purchase price with respect to the foregoing, provided that the number of shares subject to this Option shall always be a whole number.
Option Adjustments. In the event of a stock dividend, stock split or other change in corporate structure or capitalization affecting the common shares or any other transaction (including, without limitation, an extraordinary cash dividend) which, in the determination of the Compensation Committee (the "Committee") of the Board of Directors, affects the common shares such that an adjustment is required in order to preserve the benefits or potential benefits intended to be made available under the Plan, then the Committee shall equitably adjust any or all of (i) the number and kind of shares subject to this Option, and (ii) the purchase price with respect to the foregoing, provided that the number of shares subject to this Option shall always be a whole number. In the event of any tender offer or exchange offer (other than an offer by the Company) for the Company's common shares, or a dissolution or liquidation of the Company, or a merger or consolidation or similar transaction in which the Company is not the surviving company, or a sale, exchange or other disposition of all or substantially all of the Company assets, or a Change in Control of the Company (as defined in the Compensation Agreement), Optionee shall automatically become fully vested in this Option and this Option shall become fully exercisable.
Option Adjustments. The number of shares of Common Stock which Optionee is entitled to purchase from the Company pursuant to this Option and the exercise price for such shares shall be subject to adjustment from time to time only as follows:
Option Adjustments. In the event of a stock dividend, stock split or other change in corporate structure or capitalization affecting the common stock or any other transaction (including, without limitation, an extraordinary cash dividend) which, in the determination of the Compensation Committee (the “Committee”) of the Board, affects the common stock such that an adjustment is required in order to preserve the benefits or potential benefits intended to be made available under the Plan, then the Committee, in its sole discretion, shall equitably adjust any or all of (i) the number and kind of shares of stock subject to the Option, and (ii) the exercise price with respect to the foregoing, provided that the number of shares subject to the Option shall always be a whole number; provided, however, each such adjustment shall comply with the rules of Section 424(a) of the Code and in no event shall any adjustment be made which would render any portion of the Option granted hereby which is treated as incentive stock option to be other than an incentive stock option for purposes of Section 422 of the Code.
Option Adjustments. In the event of a stock dividend, stock split or other change in corporate structure or capitalization affecting the common stock or any other transaction (including, without limitation, an extraordinary cash dividend) which, in the determination of the Committee affects the common stock such that an adjustment is required in order to preserve the benefits or potential benefits intended to be made available under the Plan, then the Committee, in its sole discretion, shall equitably adjust any or all of (i) the number and kind of shares of stock subject to this Option, and (ii) the exercise price with respect to the foregoing, provided that the number of shares subject to this Option shall always be a whole number.
Option Adjustments. 5.1 In addition to the adjustment in the number of shares of Common Stock that are purchasable upon exercise of the Option pursuant to Section 1.2 of this Agreement, the number of shares of Common Stock purchasable upon the exercise of the Option shall be subject to adjustment from time to time as provided in this Section 5.
5.2 In the event of any change in Common Stock by reason of stock dividends, split-ups, mergers, recapitalizations, combinations, subdivisions, conversions, exchanges of shares or the like, the type and number of shares of Common Stock purchasable upon exercise hereof shall be appropriately adjusted and proper provision shall be made so that, in the event that any additional shares of Common Stock are to be issued or otherwise become outstanding as a result of any such change (other than pursuant to an exercise of the Option), the number of shares of Common Stock that remain subject to the Option shall be increased so that, after such issuance and together with shares of Common Stock previously issued pursuant to the exercise of the Option (as adjusted on account of any of the foregoing changes in the Common Stock), it equals 19.9% of the number of shares of Common Stock then issued and outstanding.
5.3 Whenever the number of shares of Common Stock purchasable upon exercise hereof is adjusted as provided in Section 5.2, the Option Price shall be adjusted by multiplying the Option Price by a fraction, the numerator of which shall be equal to the number of shares of Common Stock purchasable prior to the adjustment and the denominator of which shall be equal to the number of shares of Common Stock purchasable after the adjustment.
Option Adjustments. In addition to other requirements of the "Changes" clause of this contract, each change proposal submitted pursuant to such clause shall include Seller's proposal for adjustment of the prices set forth in the "Options" clause of this contract. If Buyer orders or accepts such change, the contract price and the contract option prices shall be adjusted accordingly.
Option Adjustments. The aggregate number of Option Shares and the exercise price per share thereof (but not the aggregate exercise price for all unexercised Option Shares) shall each be proportionately adjusted for any increase or decrease in the number of issued shares of Series 4 Class B Stock (or, after conversion thereof, Common Stock) of Asymetrix resulting from a split-up or consolidation of shares or any like capital adjustment, or the payment of any stock dividend, or any other increase or decrease in the number of shares of Series 4 Class Stock (or, after conversion thereof, Common Stock) of Asymetrix without the receipt of consideration by Asymetrix. In the event of any adjustment in the number of shares covered by any option, any fractional shares resulting from such adjustment shall be disregarded and each such option shall cover only the number of full shares resulting from such adjustment.
Option Adjustments. Employer agrees that if any equity financing of Pawnbroker is made (including any successor enterprise), Employer will grant additional stock options exercisable to acquire common stock in an amount sufficient to maintain the Executive's pro rata percentage of shares of Pawnbroker that he received on the date of the last stock option grant to Executive (the "Adjustment Options"), provided that Executive is actively employed on the effective date of the equity financing. The term "equity financing" in this means and includes any investment in Pawnbroker, including any debt obligation that is convertible or accompanied by warrants, options or rights to invest in Pawnbroker.
