Common use of Recapitalization, Reorganization, Consolidation or Mergers Clause in Contracts

Recapitalization, Reorganization, Consolidation or Mergers. In the event of a recapitalization or reorganization of the Company or a consolidation or a merger involving the Company (other than a transaction described in the next paragraph) pursuant to which securities of the Company or of another corporation are issued with respect to the outstanding shares of Common Stock, the Employee upon exercising this option shall be entitled to receive for the purchase price paid upon such exercise the securities he or she would have received if he or she had exercised such option, prior to such recapitalization or reorganization.