Common use of Protection Against Dilution Clause in Contracts

Protection Against Dilution. In any of the following events occurring after the date of this Option, appropriate adjustment shall be made in the number of shares deliverable upon the exercise of this Option or the price per share to be paid, so as to maintain the proportionate interest of the Option Holder: a. Recapitalization of the Corporation through a stock split or a reverse stock split; or b. Declaration of a dividend on the stock, payable in shares of stock or securities convertible into stock.

Protection Against Dilution. In any of the following events events, occurring after the date of this Optionhereafter, appropriate adjustment shall be made in the number of shares deliverable upon the exercise of this Option option or the price per share to be paid, paid so as to maintain the proportionate interest of the Option Holder: a. Recapitalization each option holder: (a) recapitalizataion of the Corporation through a stock split split-up of the outstanding shares of the Stock or a reverse stock splitcombination of the outstanding shares into a lesser number; or b. Declaration or (b) declaration of a dividend on the stockStock of the Corporation, payable in shares of stock Stock or securities convertible into stock.