Common use of Stock Splits and Like Events Clause in Contracts

Stock Splits and Like Events. If a stock dividend, stock split or reverse stock split, reclassification, or recapitalization were to occur, then the aggregate number and/or class of shares subject to this Option and the exercise price prior to such occurrence shall be appropriately adjusted by the Committee in accordance with the terms of the Plan, and such adjustment shall be conclusive. Notwithstanding the foregoing, such adjustment shall have the result that if the Optionee was to exercise a portion of the Option subsequent to such occurrence, then Optionee would pay the same aggregate exercise price to exercise such portion of the Option and would then hold the same class and aggregate number of shares as if the Optionee would have exercised such portion of the Option immediately prior to such occurrence.

Stock Splits and Like Events. If a stock dividend, stock split or reverse stock split, reclassification, or recapitalization reclassification were to occur, then the aggregate number and/or class of shares subject to this Option and the exercise price prior to such occurrence shall be appropriately adjusted by the Committee in accordance with the terms of the Plan, and such adjustment shall be conclusive. Notwithstanding the foregoing, such Such adjustment shall have the result that if the Optionee was Employee were to exercise a portion of the Option subsequent to such occurrence, then Optionee would Employee shall pay the same aggregate exercise price to exercise such portion of the Option and would shall then hold the same class and aggregate number of shares as if the Optionee would have Employee had exercised such portion of the Option immediately prior to such occurrence.

Stock Splits and Like Events. If a stock dividend, stock split ---------------------------- or reverse stock split, reclassification, or recapitalization reclassification were to occur, then the aggregate number and/or class of shares subject to this Option and the exercise price prior to such occurrence shall be appropriately adjusted by the Committee in accordance with the terms of the Plan, and such adjustment shall be conclusive. Notwithstanding the foregoing, such Such adjustment shall have the result that if the Optionee was Employee were to exercise a portion of the Option subsequent to such occurrence, then Optionee would Employee shall pay the same aggregate exercise price to exercise such portion of the Option and would shall then hold the same class and aggregate number of shares as if the Optionee would have Employee had exercised such portion of the Option immediately prior to such occurrence.