Common use of Stock Dividend or Reorganization Clause in Contracts

Stock Dividend or Reorganization. (a) If (i) the Company shall at any time be involved in a transaction described in Section 424(a) of the Code (or any successor provision) or any “corporate transaction” described in the regulations thereunder; (ii) the Company shall declare a dividend payable in, or shall subdivide or combine, its Common Stock or (iii) any other event with substantially the same effect shall occur, the Board of Directors shall, subject to applicable law, with respect to this Option, proportionately adjust the number of shares of Common Stock subject to this Option and/or the exercise price per share so as to preserve the rights of the Optionee substantially proportionate to the rights of the Optionee prior to such event.

Stock Dividend or Reorganization. (a) If (i) the Company shall at any time be involved in a transaction described in Section 424(a) of the Code (or any successor provision) or any “"corporate transaction” " described in the regulations thereunder; (ii) the Company shall declare a dividend payable in, or shall subdivide or combine, its Common Stock or (iii) any other event with substantially the same effect shall occur, the Board of Directors shall, subject to applicable law, with respect to this Option, proportionately adjust the number of shares of Common Stock subject to this Option and/or the exercise price per share so as to preserve the rights of the Optionee substantially proportionate to the rights of the Optionee prior to such event.