Common use of Stock Splits and Reverse Splits Clause in Contracts

Stock Splits and Reverse Splits. In case after the date hereof outstanding shares of Common Stock shall be subdivided into a greater number of shares of Common Stock, the Exercise Price in effect at the opening of business on the day following the day upon which such subdivision becomes effective shall be proportionately reduced, and, conversely, in case after the date hereof outstanding shares of Common Stock shall be combined into a smaller number of shares of Common Stock, the Exercise Price in effect at the opening of business on the day following the day upon which such combination becomes effective shall be proportionately increased, such reduction or increase, as the case may be, to become effective immediately after the opening of business on the day following the day upon which such subdivision or combination becomes effective.

Appears in 4 contracts

Samples: Investment Agreement (Oxford Health Plans Inc), Investment Agreement (TPG Partners Ii Lp), Warrant Agreement (Oxford Health Plans Inc)

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