Option Shares Adjustment. In the event of a declaration of a stock dividend or a stock split (whether effected as a dividend or otherwise) by Corporation where the record date for such dividend or stock split is after the Grant Date, the number of Option Shares and the Exercise Price will automatically be adjusted proportionately to reflect the effect of such dividend or stock split.
Appears in 4 contracts
Samples: Nonqualified Stock Option Agreement (Louisiana Pacific Corp), Nonqualified Stock Option Agreement (Louisiana-Pacific Corp), Nonqualified Stock Option Agreement (Louisiana Pacific Corp)
