Stock Splits; Combinations. If the Corporation, in any manner, subdivides or combines (by stock split, stock dividend or otherwise) the issued and the outstanding shares of any class of Common Stock, the issued and outstanding shares of the other class of Common Stock will be proportionately subdivided or combined , unless the Corporation obtains the prior affirmative vote or consent of the holders of all of the issued and outstanding shares of the Class A Common and the Class B Common voting together as a single class.
Stock Splits; Combinations. RECAPITALIZATIONS, ETC. The number of --------------------------------------------------- Shares subject to this Option shall be subject to adjustment as set forth in Section 6.8 of the Plan. DATE OF GRANT: ___________________ BIO-ENGINEERED FOODS, INC., a California Corporation By: Xxxxx Xxxxx, President OPTIONEE ACKNOWLEDGES AND AGREES THAT THE VESTING OF SHARES PURSUANT TO SECTION 3.1 IS EARNED ONLY BY CONTINUING EMPLOYMENT AT THE WILL OF THE COMPANY (NOT THROUGH THE ACT OF BEING HIRED, BEING GRANTED THIS OPTION OR ACQUIRING SHARES). OPTIONEE FURTHER ACKNOWLEDGES AND AGREES THAT NOTHING IN THIS AGREEMENT, NOR IN THE COMPANY'S 1993 STOCK INCENTIVE PLAN WHICH IS INCORPORATED HEREIN BY REFERENCE, SHALL CONFER UPON OPTIONEE ANY RIGHT WITH RESPECT TO CONTINUATION OF EMPLOYMENT BY THE COMPANY, NOR SHALL IT INTERFERE IN ANY WAY WITH OPTIONEE'S RIGHT OR THE COMPANY'S RIGHT TO TERMINATE OPTIONEE'S EMPLOYMENT AT ANY TIME, WITH OR WITHOUT CAUSE. Optionee acknowledges receipt of a copy of the Plan and certain information related thereto and represents that Optionee is familiar with the terms and provisions thereof, and accepts this Option subject to all of the terms and provisions. Optionee has reviewed the Plan and this Option in their entirety, has had an opportunity to obtain the advice of counsel prior to executing this Option and fully understands all provisions of the Option. Optionee agrees to accept as binding, conclusive and final all decisions or interpretations of the Administrator upon any questions arising under the Plan. Date: _______________ EXHIBIT A --------- BIO-ENGINEERED FOODS, INC. FORM OF EMPLOYEE RESTRICTED STOCK AGREEMENT This Employee Restricted Stock Agreement (the "Agreement") is made as of this ____ day of _______________, by and between BIO-ENGINEERED FOODS, INC., a California corporation (the "Company") and ______________ ("Employee"). In consideration of the mutual covenants and representations herein set forth, the Company and Employee agree as follows:
Stock Splits; Combinations. All references to numbers of shares in this Agreement shall be appropriately adjusted to reflect any stock dividend, split, combination or other recapitalization affecting the Company’s capital stock that occurs after the date of this Agreement.
Stock Splits; Combinations etc. In case the Company shall hereafter ------------------------------- (A) pay a dividend or make a distribution on its Common Stock in shares of its capital stock (whether shares of Common Stock or of capital stock of any other class), (B) subdivide its outstanding shares of Common Stock or (C) combine its outstanding shares of Common Stock into a smaller number of shares, the number of Shares purchasable upon exercise of each Warrant immediately prior thereto shall be adjusted so that the holder of any Warrant thereafter exercised shall be entitled to receive the number of Shares which such holder would have owned immediately following such action had such Warrant been exercised immediately prior thereto. An adjustment made pursuant to this paragraph shall become effective immediately after the record date in the case of a dividend and shall become effective immediately after the effective date in the case of a subdivision, combination or reclassification. If, as a result of an adjustment made pursuant to this paragraph, the holder of any Warrant thereafter exercised shall become entitled to receive shares of two or more classes of capital stock of the Company, the Board of Directors of the Company (whose determination shall be conclusive) shall determine the allocation of the adjusted Exercise Price between or among shares of such classes of capital stock.
Stock Splits; Combinations. If a stock dividend is declared and paid on the Common Stock, or if the outstanding shares of Common Stock are subdivided into a greater number of shares of Common Stock, the Strike Price shall, simultaneously with the effectiveness of such subdivision or stock dividend, be proportionately reduced, and conversely, if the outstanding shares of Common Stock shall be combined into a smaller number of shares of Common Stock, the Strike Price shall, simultaneously with the effectiveness of such combination, be proportionately increased.
