Common use of Stock Splits and Recapitalization Clause in Contracts

Stock Splits and Recapitalization. The number of shares of common stock granted hereby shall be automatically adjusted to reflect any change in the capitalization of the Holding Company, including, but not limited to, such changes as stock dividends, stock splits or recapitalizations. If any adjustment under this Section would create the right of Employee to acquire a fractional share of stock, such fractional share shall be disregarded and the number of shares of common stock subject to the grant shall be the next higher number of whole shares of common stock, rounding all fractions upward.

Stock Splits and Recapitalization. The number of shares of common stock granted hereby shall be automatically adjusted to reflect any change in the capitalization of the Holding CompanyEmployer, including, but not limited to, such changes as stock dividends, stock splits or recapitalizations. If any adjustment under this Section would create the right of Employee to acquire a fractional share of stock, such fractional share shall be disregarded and the number of shares of common stock subject to the grant shall be the next higher number of whole shares of common stock, rounding all fractions upward.

Stock Splits and Recapitalization. The number of shares of common stock granted hereby shall be automatically adjusted to reflect any change in the capitalization of the Holding CompanyEmployer, including, but not limited to, such changes as stock dividends, stock splits or recapitalizations. If any adjustment under this Section would create the right of Employee to acquire a fractional share of stock, such fractional share shall be disregarded and the number of shares of common stock subject to the grant shall be the next higher number of whole shares of common stock, rounding all fractions upward.

Stock Splits and Recapitalization. The number of shares of common stock granted hereby shall be automatically adjusted to reflect any change in the capitalization of the Holding Company, including, but not limited to, such changes as stock dividends, stock splits or recapitalizations. If any adjustment under this Section would create the right of Employee to acquire a fractional share of stock, such fractional share shall be disregarded and the number of shares of common stock subject to the grant shall be the next higher number of whole shares of common stock, rounding all fractions upward.limited