Subdivision, etc. (a) In the event of any subdivision or subdivisions of the Shares as said Shares were constituted at the time the Option was granted into a greater number of Shares, the Corporation will thereafter deliver at the time of exercise thereof in addition to the number of Shares in respect of which the Option is then being exercised, such additional number of Shares as result from such subdivision or subdivisions for which the Option is being exercised without the Optionee being obligated to make any additional payment or giving any other consideration therefor.
(b) In the event of any consolidation or consolidations of the Shares of the Corporation as said Shares were constituted at the time the Option was granted into a lesser number of Shares, the Optionee shall accept, at the time of the exercise thereof in lieu of the number of Shares in respect of which the Option is then being exercised, the lesser number of Shares as result from such consolidation or consolidations of the Shares for which the Option is being exercised.
(c) In the event of any change in the Shares of the Corporation as said Shares were constituted at the time of the Option was granted, the Corporation shall thereafter deliver at the time of the exercise thereof the number of shares of the appropriate class resulting from the said change as the Optionee would have been entitled to receive in respect of the number of Shares so purchased had the Option been exercised before such change.
(d) If the Corporation at any time while the Option is outstanding shall pay any stock dividend or stock dividends upon the Shares in respect of which the Option was granted hereunder, the Corporation will thereafter deliver at the time of exercise thereof in addition to the number of Shares in respect of which the Option is then being exercised, the additional number of shares of the appropriate class as would have been payable on the Shares so purchased if they had been outstanding on the record date for the payment of said stock dividend or dividends.
(e) Notwithstanding any other provision of this Agreement, the Corporation shall not be obligated to issue fractional Shares in satisfaction of its obligations hereunder.
(f) If at any time the Corporation grants to the holders of its common stock rights to subscribe for and purchase pro rata additional securities of the Corporation or of any other corporation or entity, there shall be no adjustments made to the number of Shares or other securities subject to...
Subdivision, etc. In the event the Corporation should at any time or from time to time after the Filing Date, fix a record date for the effectuation of a split or subdivision of the outstanding shares of Common Stock or the determination of holders of Common Stock entitled to receive a dividend or other distribution payable in additional shares of Common Stock or Common Stock Equivalents without payment of any consideration by such holder for the additional shares of Common Stock or the Common Stock Equivalents (including the additional shares of Common Stock issuable upon conversion or exercise thereof), then, as of such record date (or the date of such dividend distribution, split or subdivision if no record date is fixed), the Conversion Price for each series of Preferred Stock shall be appropriately decreased so that the number of shares of Common Stock issuable on conversion of each share of such series shall be increased in proportion to such increase of the aggregate of shares of Common Stock outstanding and those issuable with respect to such Common Stock Equivalents.
Subdivision, etc the Shares are being issued pursuant to a duly approved subdivision, amalgamation or reorganization or a dividend payable in Shares;
