Common use of Option Adjustments Clause in Contracts

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.