Common use of Recapitalizations, etc Clause in Contracts

Recapitalizations, etc. If, prior to the Grantee's receipt of the shares of Telular stock, the Company effects a subdivision or consolidation of interest, stock split, dividend or distribution of shares of Telular stock or other securities of the Company, or other recapitalization, capital readjustment or reorganization, the shares of Telular stock subject to these Options under this Agreement and the applicable option exercise price for such Option shall be adjusted as follows.