Common use of Stock Splits; Stock Dividends Clause in Contracts

Stock Splits; Stock Dividends. If the outstanding Common Stock of the Company is hereafter increased or decreased or changed into or exchanged for a different number or kind of shares or other securities of the Company by reason of any stock split, combination of shares, dividend payable in shares, recapitalization or reclassification, appropriate adjustment shall be made by the Company in (i) the number and kind of shares subject to the Option, or the unexercised portion thereof, and (ii) the Option price per share, so that the Optionee’s proportionate interest before and after the occurrence of the event is maintained. Notwithstanding the foregoing, the Company shall have no obligation to effect any adjustment that would or might result in the issuance of fractional shares, and any fractional shares resulting from any adjustment may be disregarded or provided for in any manner determined by the Company. Any such adjustments made by the Company shall be conclusive.

Appears in 11 contracts

Samples: Incentive Stock Option Award Agreement (SunOpta Inc.), Incentive Stock Option Award Agreement (SunOpta Inc.), Non Statutory Stock Option Agreement (Methes Energies International LTD)

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Stock Splits; Stock Dividends. If the outstanding Common Stock of the Company is hereafter increased or decreased or changed into or exchanged for a different number or kind of shares or other securities of the Company by reason of any stock split, combination of shares, dividend payable in shares, recapitalization or reclassification, appropriate adjustment shall be made by the Company in (i) the number and kind of shares subject to the Option, or the unexercised portion thereof, and (ii) the Option price per share, so that the Optionee’s 's proportionate interest before and after the occurrence of the event is maintained. Notwithstanding the foregoing, the Company shall have no obligation to effect any adjustment that would or might result in the issuance of fractional shares, and any fractional shares resulting from any adjustment may be disregarded or provided for in any manner determined by the Company. Any such adjustments made by the Company shall be conclusive.

Appears in 7 contracts

Samples: Incentive Stock Option Agreement (McCormick & Schmicks Seafood Restaurants Inc.), Incentive Stock Option Agreement (Verasun Energy Corp), Non Statutory Stock Option Agreement (Verasun Energy Corp)

Stock Splits; Stock Dividends. If the outstanding Common Stock common shares of the Company is are hereafter increased or decreased or changed into or exchanged for a different number or kind of shares or other securities of the Company by reason of any stock split, combination of shares, dividend payable in shares, recapitalization or reclassification, appropriate adjustment shall be made by the Company in (i) the number and kind of shares subject to the OptionOptions, or the unexercised portion thereof, and (ii) the Option price Exercise Price per share, so that the Optionee’s 's proportionate interest before and after the occurrence of the event is maintained. Notwithstanding the foregoing, the Company shall have no obligation to effect any adjustment that would or might result in the issuance of fractional shares, and any fractional shares resulting from any adjustment may be disregarded or provided for in any manner determined by the Company. Any such adjustments made by the Company shall be conclusive. For the avoidance of doubt, this provision is intended to put the Optionee in the same position with respect to each Option as immediately prior to such event.

Appears in 2 contracts

Samples: Stock Option Award Agreement (SunOpta Inc.), Stock Option Award Agreement (SunOpta Inc.)

Stock Splits; Stock Dividends. If the outstanding Common Stock common shares of the Company is are hereafter increased or decreased or changed into or exchanged for a different number or kind of shares or other securities of the Company by reason of any stock split, combination of shares, dividend payable in shares, recapitalization or reclassification, appropriate adjustment shall be made by the Company in (i) the number and kind of shares subject to the OptionOptions, or the unexercised portion thereof, and (ii) the Option price Exercise Price per share, so that the Optionee’s proportionate interest before and after the occurrence of the event is maintained. Notwithstanding the foregoing, the Company shall have no obligation to effect any adjustment that would or might result in the issuance of fractional shares, and any fractional shares resulting from any adjustment may be disregarded or provided for in any manner determined by the Company. Any such adjustments made by the Company shall be conclusive.

Appears in 2 contracts

Samples: Stock Option Award Agreement (SunOpta Inc.), Stock Option Award Agreement (SunOpta Inc.)

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Stock Splits; Stock Dividends. If If, after the date of this Agreement, the Company’s outstanding Common Stock of the Company is hereafter increased or decreased or changed into or exchanged for a different number or kind of shares or other securities of the Company by reason of any stock split, combination of shares, dividend payable in shares, recapitalization recapitalization, or reclassification, appropriate adjustment shall be made by the Company in shall adjust (i) the number and kind of shares subject to the Option, or the unexercised portion thereofof the Option, and (ii) the Option price per share, so that the Optionee’s proportionate interest before and after the occurrence of the event is maintained. Notwithstanding the foregoing, the Company shall have no obligation is not obligated to effect any adjustment that would or might result in the issuance of fractional shares, and any . Any fractional shares resulting from any an adjustment may be disregarded or provided for in any manner determined by the Company. Any such All adjustments made by the Company shall be are conclusive.

Appears in 2 contracts

Samples: Incentive Stock Option Agreement (Erickson Air-Crane Inc), Non Statutory Stock Option Agreement (Erickson Air-Crane Inc)

Stock Splits; Stock Dividends. If the outstanding Common Stock common shares of the Company is are hereafter increased or decreased or changed into or exchanged for a different number or kind of shares or other securities of the Company by reason of any stock split, combination of shares, dividend payable in shares, recapitalization or reclassification, appropriate adjustment shall be made by the Company in (i) the number and kind of shares subject to the OptionOptions, or the unexercised portion thereof, and (ii) the Option price Exercise Price per share, so that the Optionee’s 's proportionate interest before and after the occurrence of the event is maintained. Notwithstanding the foregoing, the Company shall have no obligation to effect any adjustment that would or might result in the issuance of fractional shares, and any fractional shares resulting from any adjustment may be disregarded or provided for in any manner determined by the Company. Any such adjustments made by the Company shall be conclusive.

Appears in 1 contract

Samples: Stock Option Award Agreement (SunOpta Inc.)

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