Common use of Stock Splits, Stock Dividends and Combinations Clause in Contracts

Stock Splits, Stock Dividends and Combinations. If the Company at any time subdivides the outstanding shares of the Common Stock or issues a stock dividend (in Common Stock) on the outstanding shares of the Common Stock, the Exercise Price in effect immediately prior to such subdivision or the issuance of such stock dividend shall be proportionately decreased, and the number of Shares subject hereto shall be proportionately increased, and if the Company at any time combines (by reverse stock split or otherwise) the outstanding shares of Common Stock, the Exercise Price in effect immediately prior to such combination shall be proportionately increased, and the number of Shares subject hereto shall be proportionately decreased, effective at the close of business on the date of such subdivision, stock dividend or combination, as the case may be.

Appears in 34 contracts

Samples: Warrant Agreement (Rosen Steven H), Warrant Agreement (Neogenomics Inc), Warrant Agreement (Immune Response Corp)

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Stock Splits, Stock Dividends and Combinations. If the Company at any time subdivides the outstanding shares of the Common Stock Stock, or issues a stock dividend (in Common Stock) on the outstanding shares of the Common Stock, the Exercise Purchase Price in effect immediately prior to such subdivision or the issuance of such stock dividend shall be proportionately decreased, and the number of Shares shares of Warrant Stock subject hereto to this Warrant shall be proportionately increased, and if the Company at any time combines (by reverse stock split or otherwise) the outstanding shares of Common Stock, the Exercise Purchase Price in effect immediately prior to such combination shall be proportionately increased, and the number of Shares shares of Warrant Stock subject hereto to this Warrant shall be proportionately decreased, effective at the close of business on the date of such subdivision, stock dividend or combination, as the case may be.

Appears in 1 contract

Samples: Warrant Agreement (Predix Pharmaceuticals Holdings Inc)

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