Common use of Proportional Adjustment Clause in Contracts

Proportional Adjustment. In the event the Corporation shall at any time after the issuance of any share or shares of Series A Participating Preferred Stock (i) declare any dividend on Common Stock of the Corporation ("COMMON STOCK") payable in shares of Common Stock, (ii) subdivide the outstanding Common Stock or (iii) combine the outstanding Common Stock into a smaller number of shares, then in each such case the Corporation shall simultaneously effect a proportional adjustment to the number of outstanding shares of Series A Participating Preferred Stock.

Appears in 41 contracts

Samples: Preferred Shares Rights Agreement (Read Rite Corp /De/), Amended Rights Agreement (Arthrocare Corp), Preferred Shares Rights Agreement (Silicon Valley Bancshares)

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Proportional Adjustment. In the event that the Corporation shall at any time after the issuance of any share or shares of Series A Participating Preferred Stock (i) declare any dividend on Common Stock of the Corporation ("COMMON STOCK") payable in shares of Common Stock, (ii) subdivide the outstanding Common Stock or (iii) combine the outstanding Common Stock into a smaller number of shares, then in each such case the Corporation shall simultaneously effect a proportional adjustment to the number of outstanding shares of Series A Participating Preferred Stock.

Appears in 37 contracts

Samples: Preferred Stock Rights Agreement (New Focus Inc), Preferred Stock Rights Agreement (Simplex Solutions Inc), Preferred Stock Rights Agreement (Informatica Corp)

Proportional Adjustment. In the event that the Corporation shall at any time after the issuance of any share or shares of Series A Participating Preferred Stock (i) declare any dividend on Common Stock of the Corporation ("COMMON STOCK"“Common Stock”) payable in shares of Common Stock, (ii) subdivide the outstanding Common Stock or (iii) combine the outstanding Common Stock into a smaller number of shares, then in each such case the Corporation shall simultaneously effect a proportional adjustment to the number of outstanding shares of Series A Participating Preferred Stock.

Appears in 28 contracts

Samples: Preferred Stock Rights Agreement, Preferred Stock Rights Agreement (Vivus Inc), Preferred Stock Rights Agreement (Vivus Inc)

Proportional Adjustment. In the event that the Corporation shall at any time after the issuance of any share or shares of Series A Participating Preferred Stock (i) declare any dividend on Common Stock of the Corporation ("COMMON STOCKCommon Stock") payable in shares of Common Stock, (ii) subdivide the outstanding Common Stock or (iii) combine the outstanding Common Stock into a smaller number of shares, then in each such case the Corporation shall simultaneously effect a proportional adjustment to the number of outstanding shares of Series A Participating Preferred Stock.

Appears in 18 contracts

Samples: Preferred Stock Rights Agreement (Commerce One Inc / De/), Preferred Stock Rights Agreement (Mips Technologies Inc), Preferred Stock Rights Agreement (New Commerce One Holding Inc)

Proportional Adjustment. In the event the Corporation shall at any time after the issuance of any share or shares of Series A Participating Preferred Stock (i) declare any dividend on Common Stock of the Corporation ("COMMON STOCKCommon Stock") payable in shares of Common Stock, (ii) subdivide the outstanding Common Stock or (iii) combine the outstanding Common Stock into a smaller number of shares, then in each such case the Corporation shall simultaneously effect a proportional adjustment to the number of outstanding shares of Series A Participating Preferred Stock.

Appears in 14 contracts

Samples: Preferred Shares Rights Agreement (Abgenix Inc), Preferred Shares Rights Agreement (Aehr Test Systems), Preferred Share Rights Agreement (Cholestech Corporation)

Proportional Adjustment. In the event that the Corporation shall at any time after the issuance of any share or shares of Series A Participating C Preferred Stock (i) declare any dividend on Common Stock of the Corporation ("COMMON STOCKCommon Stock") payable in shares of Common Stock, (ii) subdivide the outstanding Common Stock or (iii) combine the outstanding Common Stock into a smaller number of shares, then in each such case the Corporation shall simultaneously effect a proportional adjustment to the number of outstanding shares of Series A Participating C Preferred Stock.

Appears in 3 contracts

Samples: Rights Agreement (Innodata Inc), Rights Agreement (Innodata Inc), Rights Agreement (Innodata Inc)

Proportional Adjustment. In the event that the Corporation shall ----------------------- at any time after the issuance of any share or shares of Series A Participating Preferred Stock (i) declare any dividend on Common Stock of the Corporation ("COMMON STOCKCommon Stock") payable in shares of Common Stock, (ii) subdivide the outstanding Common Stock or (iii) combine the outstanding Common Stock into a smaller number of shares, then in each such case the Corporation shall simultaneously effect a proportional adjustment to the number of outstanding shares of Series A Participating Preferred Stock.

Appears in 3 contracts

Samples: Preferred Stock Rights Agreement (Catalytica Energy Systems Inc), Preferred Stock Rights Agreement (Omnivision Technologies Inc), Preferred Stock Rights Agreement (Curon Medical Inc)

Proportional Adjustment. In the event that the Corporation shall at any time after the issuance of any share or shares of Series A Participating Preferred Stock (i) declare any dividend on the Common Stock of the Corporation ("COMMON STOCK"“Common Stock”) payable in shares of Common Stock, (ii) subdivide the outstanding Common Stock or (iii) combine the outstanding Common Stock into a smaller number of shares, then in each such case the Corporation shall simultaneously effect a proportional adjustment to the number of outstanding shares of Series A Participating Preferred Stock.

Appears in 3 contracts

Samples: Preferred Stock Rights Agreement (Genesis Microchip Inc /De), Preferred Stock Rights Agreement (Genesis Microchip Inc /De), Preferred Stock Rights Agreement (Genesis Microchip Inc /De)

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Proportional Adjustment. In the event the Corporation shall at any time after the issuance of any share or shares of Series A Participating Preferred Stock (i) declare any dividend on Common Stock of the Corporation Corporation, par value $0.0025 per share, ("COMMON STOCK") payable in shares of Common Stock, (ii) subdivide the outstanding Common Stock or (iii) combine the outstanding Common Stock into a smaller number of shares, then in each such case the Corporation shall simultaneously effect a proportional adjustment to the number of outstanding shares of Series A Participating Preferred Stock.

Appears in 2 contracts

Samples: Rights Agreement (North Face Inc), Rights Agreement (North Face Inc)

Proportional Adjustment. In the event the Corporation shall at any time after the issuance of any share or shares of Series A Participating Preferred Stock (i) declare any dividend on Common Stock of the Corporation Corporation, par value $0.001 per share ("COMMON STOCK") ), payable in shares of Common Stock, (ii) subdivide the outstanding Common Stock or (iii) combine the outstanding Common Stock into a smaller number of shares, then in each such case the Corporation shall simultaneously effect a proportional adjustment to the number of outstanding shares of Series A Participating Preferred Stock.

Appears in 2 contracts

Samples: Rights Agreement (Metacreations Corp), Preferred Shares Rights Agreement (Splash Technology Holdings Inc)

Proportional Adjustment. In the event If the Corporation shall at any time after the issuance of any share or shares of Series A Participating Preferred Stock (i) declare any dividend on Common Stock of the Corporation ("COMMON STOCKCommon Stock") payable in shares of Common Stock, (ii) subdivide the outstanding Common Stock or (iii) combine the outstanding Common Stock into a smaller number of shares, then in each such case the Corporation shall simultaneously effect a proportional adjustment to the number of outstanding shares of Series A Participating Preferred Stock.

Appears in 1 contract

Samples: Preferred Stock Rights Agreement (Energy West Inc)

Proportional Adjustment. In the event that the Corporation shall at any time after the issuance of any share or shares of Series A Participating C Preferred Stock (i) declare any dividend on Common Stock of the Corporation ("COMMON STOCKCommon Stock") payable in shares of Common Stock, (ii) subdivide the outstanding Common Stock or or' (iii) combine the outstanding Common Stock into a smaller number of shares, then in each such case the Corporation shall simultaneously effect a proportional adjustment to the number of outstanding shares of Series A Participating C Preferred Stock.

Appears in 1 contract

Samples: Share Exchange Agreement (Phelps Engineered Plastics Corp.)

Proportional Adjustment. In the event the Corporation shall at any time after the issuance of any share or shares of Series A B Participating Preferred Stock (i) declare any dividend on Common Stock of the Corporation ("COMMON STOCK") payable in shares of Common Stock, (ii) subdivide the outstanding Common Stock or (iii) combine the outstanding Common Stock into a smaller number of shares, then in each such case the Corporation shall simultaneously effect a proportional adjustment to the number of outstanding shares of Series A B Participating Preferred Stock.

Appears in 1 contract

Samples: Rights Agreement (Ross Systems Inc/Ca)

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