Common use of Share Adjustments Clause in Contracts

Share Adjustments. If there is any change in the number of shares of Common Stock on account of the declaration of stock dividends, recapitalization resulting in stock splits, or combinations or exchanges of shares of Common Stock, or otherwise, the number of Option Shares available for purchase by the exercise of the Options, and the Exercise Price, shall be proportionately adjusted by the Company.

Appears in 10 contracts

Samples: Stock Option Agreement (Bev Tyme Inc), Stock Option Agreement (Madden Steven LTD), Stock Option Agreement (Bev Tyme Inc)

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Share Adjustments. If there is In the event of any change in the number of shares of Common Stock on account of the declaration of stock dividendsdividend on, recapitalization resulting in stock splits----------------- reclassification, split-up or combination of, or combinations or exchanges of shares of other change in, the Company's Common Stock, or otherwise, then the number or kind of Option Shares available for purchase by the exercise of the Options, and the Exercise Price, shall be proportionately adjusted by correspondingly added to, reclassified, increased, diminished or changed proportionately, without increase or decrease in the Companyaggregate purchase price of all Option Shares.

Appears in 3 contracts

Samples: Employee Services and Staffing Agreement (Concentric Network Corp), Employee Services and Staffing Agreement (Concentric Network Corp), Employee Services and Staffing Agreement (Concentric Network Corp)

Share Adjustments. If there is any change in the number of shares of Common Stock on account of the declaration payment of stock dividends, recapitalization resulting in stock splits, or combinations or exchanges of shares of Common Stock, or otherwiseother event in which the Company issues Common Stock without consideration, the number of Option Shares shares of Common Stock available for purchase by through the exercise of the Options, and the Exercise Price, shall be proportionately adjusted by the Company.

Appears in 2 contracts

Samples: Stock Option Agreement (Ml Direct Inc), Stock Option Agreement (Ml Direct Inc)

Share Adjustments. If there is any change in the number of shares of Common Stock on account of the declaration of stock dividends, recapitalization resulting in stock splits, or combinations or exchanges of shares of Common Stock, or otherwise, the number of Option Shares available for purchase by the exercise of the OptionsOption, and the Exercise Price, shall be proportionately adjusted by the Company.

Appears in 1 contract

Samples: Stock Option Agreement (Madden Steven LTD)

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Share Adjustments. If there is In the event of any change in the number of shares of Common Stock on account of the declaration of stock dividendsdividend on, recapitalization resulting in stock splits----------------- reclassification, split-up or combination of, or combinations or exchanges of shares of other change in, the Company's Common Stock, or otherwise, then the number or kind of Shares subject to this Option Shares available for purchase by the exercise of the Options, and the Exercise Price, shall be proportionately adjusted by correspondingly added to, reclassified, increased, diminished or changed proportionately, without increase or decrease in the Companyaggregate purchase price of all Shares subject to Option before and after such change.

Appears in 1 contract

Samples: Option Agreement (Mississippi Valley Bancshares Inc)

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