Common use of Stock Splits and Reverse Stock Splits Clause in Contracts

Stock Splits and Reverse Stock Splits. If the Index Fund is subject to a stock split or reverse stock split, then once any split has become effective, the Price Multiplier will be adjusted such that the new Price Multiplier will equal the product of: • the prior Price Multiplier; and • the number of shares which a holder of one share of the Index Fund before the effective date of such stock split or reverse stock split would have owned or been entitled to receive immediately following the applicable effective date.

Stock Splits and Reverse Stock Splits. If the Index Fund Underlying Stock is subject to a stock split or reverse stock split, then once any split has become effective, the Price Multiplier will relating to the Underlying Stock shall be adjusted such that the new Price Multiplier will to equal the product of: • of the prior Price Multiplier; Multiplier and • the number of shares which a holder of record of one share of the Index Fund Underlying Stock before the effective date of such stock split or reverse stock split would have owned or been entitled to receive immediately following the applicable effective date.

Stock Splits and Reverse Stock Splits. If the Index Fund Market Measure is subject to a stock split or reverse stock split, then once any split has become effective, the Price Multiplier will shall be adjusted such that the new Price Multiplier will equal the product of: • the prior Price Multiplier; and • the number of shares which a holder of one share of the Index Fund Market Measure before the effective date of such stock split or reverse stock split would have owned or been entitled to receive immediately following the applicable effective date.