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. (b) In the event that the presently authorized capital stock of the Company is changed into the same number of shares with a different par value, or without par value, the stock resulting from any such change shall be deemed to be Common Stock within the meaning of this Option, and this Option shall apply to the same number of shares of such new stock as it applied to old shares immediately prior to such change. (c) If the Company shall at any time declare an extraordinary dividend with respect to the Common Stock, whether payable in cash or other property, the Board of Directors may, subject to applicable law, in the exercise of its sole discretion and with respect to this Option, proportionately adjust the number of shares of Common Stock subject to this Option and/or adjust 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. (d) The foregoing adjustments in the shares subject to this Option shall be made by the Board of Directors, or by the applicable terms of any assumption or substitution document. (e) The grant of this Option shall not affect in any way the right or power of the Company to make adjustments, reclassifications, reorganizations or changes of its capital or business structure, to merge, consolidate or dissolve, to liquidate or to sell or transfer all or any part of its business or assets.

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. (b) In the event that the presently authorized capital stock of the Company is changed into the same number of shares with a different par value, or without par value, the stock resulting from any such change shall be deemed to be Common Stock within the meaning of this Option, and this Option shall apply to the same number of shares of such new stock as it applied to old shares immediately prior to such change. (c) If the Company shall at any time declare an extraordinary dividend with respect to the Common Stock, whether payable in cash or other property, the Board of Directors may, subject to applicable law, in the exercise of its sole discretion and with respect to this Option, proportionately adjust the number of shares of Common Stock subject to this Option and/or adjust 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. (d) The foregoing adjustments in the shares subject to this Option shall be made by the Board of Directors, or by the applicable terms of any assumption or substitution document. (e) The grant of this Option shall not affect in any way the right or power of the Company to make adjustments, reclassifications, reorganizations or changes of its capital or business structure, to merge, consolidate or dissolve, to liquidate or to sell or transfer all or any part of its business or assets.

Stock Dividend or Reorganization. (ai) If (i1) 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; (ii2) the Company shall declare a dividend payable in, or shall subdivide subdivide, reclassify, reorganize, or combine, its Common Stock or (iii3) any other event with substantially the same effect shall occur, the Board of Directors Plan Administrator shall, subject to applicable law, with respect to this each outstanding Option, proportionately adjust the number of shares of Common Stock subject to this such Option and/or the exercise price per share so as to preserve the rights of the Optionee Holder substantially proportionate to the rights of the Optionee Holder prior to such event, and to the extent that such action shall include an increase or decrease in the number of shares of Common Stock subject to outstanding Options, the number of shares available under Section 4 of this Plan and the exercise price for such Options shall automatically be increased or decreased, as the case may be, proportionately, without further action on the part of the Plan Administrator, the Company, the Company’s shareholders, or any Holder, so as to preserve the proportional rights of the Holder. (bii) In the event that the presently authorized capital stock of the Company is changed into the same number of shares with a different par value, or without par value, the stock resulting from any such change shall be deemed to be Common Stock within the meaning of this Optionthe Plan, and this each Option shall apply to the same number of shares of such new stock as it applied to old shares immediately prior to such change. (ciii) If the Company shall at any time declare an extraordinary dividend with respect to the Common Stock, whether payable in cash or other property, the Board of Directors Plan Administrator may, subject to applicable law, in the exercise of its sole discretion and with respect to this each outstanding Option, proportionately adjust the number of shares of Common Stock subject to this such Option and/or adjust the exercise price per share so as to preserve the rights of the Optionee Holder substantially proportionate to the rights of the Optionee Holder prior to such event, and to the extent that such action shall include an increase or decrease in the number of shares of Common Stock subject to outstanding Options, the number of shares available under Section 4 of this Plan shall automatically be increased or decreased, as the case may be, proportionately, without further action on the part of the Plan Administrator, the Company, the Company’s shareholders, or any Holder. (div) The foregoing adjustments in the shares subject to this Option Options shall be made by the Board Plan Administrator, or by any successor administrator of Directorsthis Plan, or by the applicable terms of any assumption or substitution document. (e) The grant of this Option shall not affect in any way the right or power of the Company to make adjustments, reclassifications, reorganizations or changes of its capital or business structure, to merge, consolidate or dissolve, to liquidate or to sell or transfer all or any part of its business or assets.