Common use of Other Changes in Stock Clause in Contracts

Other Changes in Stock. In the event there shall be any change, other than as specified in the preceding subsections (a) and (b) of this Section 3, in the number or kind of outstanding shares of Common Stock or of any stock or other securities into which the Common Stock shall be changed or for which it shall have been exchanged, then and if the Board of Directors of the Company shall in its discretion determine that such change equitably requires an adjustment in the number or kind of shares subject to the Option, such adjustments shall be made by the Board of Directors and shall be effective for all purposes as of this Agreement.

Appears in 3 contracts

Samples: Employment Agreement (Unicorp Inc /New), Employment Agreement (Unicorp Inc /New), Employment Agreement (Unicorp Inc /New)

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Other Changes in Stock. In the event there shall be any ------------------------- change, other than as specified in the preceding subsections (a) and (b) of this Section 3, in the number or kind of outstanding shares of Common Stock or of any stock or other securities into which the Common Stock shall be changed or for which it shall have been exchanged, then and if the Board of Directors of the Company shall in its discretion determine that such change equitably requires an adjustment in the number or kind of shares subject to the Option, such adjustments shall be made by the Board of Directors and shall be effective for all purposes as of this Agreement.

Appears in 2 contracts

Samples: Employment Agreement (Unicorp Inc /New), Employment Agreement (Unicorp Inc /New)

Other Changes in Stock. In the event there shall be any change, other than as specified in the preceding subsections (a3(a) and (b) of this Section 3), in the number or kind of outstanding shares of Common Stock or of any stock or other securities into which the Common Stock shall be changed or for which it shall have been exchanged, then and if the Board of Directors of the Company shall in its discretion determine that such change equitably requires an adjustment in the number or kind of shares subject to the Option, such adjustments shall be made by the Board of Directors and shall be effective for all purposes as of this Agreement.

Appears in 2 contracts

Samples: Option Agreement (Brightstar Information Technology Group Inc), Incentive Stock Option Agreement (Woodson Louis)

Other Changes in Stock. In the event there shall be any changechanges, other than as specified in the preceding subsections (a) subparagraphs a. and (b) b. of this Section 3Paragraph 8, in the number or kind of outstanding shares of Common Company Stock or of any stock or other securities into which the Common such Company Stock shall be changed or for which it shall have been exchanged, then and if the Board of Directors of the Company shall in its discretion determine that such change equitably requires an adjustment in the number or kind of shares subject to the this Option, such adjustments shall be made by the Board of Directors and shall be effective and binding for all al purposes as of this the Agreement.

Appears in 1 contract

Samples: Stock Option Agreement (Tidewater Inc)

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Other Changes in Stock. In the event If there shall be any change, other than as specified in the preceding subsections (a) and (b) of this Section 3), in the number or kind of outstanding shares of Common Stock or of any stock or other securities into which the Common Stock shall be changed or for which it shall have been exchanged, then and if the Board of Directors of the Company Committee shall in its discretion determine that such change equitably requires an adjustment in the number or kind of shares subject to the Option, such adjustments shall be made by the Board of Directors Committee and shall be effective for all purposes as of this Agreement.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Unique Mobility Inc)

Other Changes in Stock. In the event there shall be any change, other than as specified in the preceding subsections (a3(a) and (b) of this Section 3), in the number or kind of outstanding shares of Common Stock or of any stock or other securities into which the Common Stock shall be changed or for which it shall have been exchanged, then and if the Board of Directors of the Company shall in its discretion determine that such change equitably requires an adjustment in the number or kind of shares subject to the Option, such adjustments shall be made by the Board of Directors and shall be effective for all purposes as of this Agreement.

Appears in 1 contract

Samples: Stock Option Agreement (Brightstar Information Technology Group Inc)

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