Subdivision or Combination of Common Shares. If the Issuer, at any time while this Option is outstanding, shall subdivide or combine any Common Shares (whether by any split, reverse split, Common Share dividend, Common Share distribution, recapitalization or otherwise), (i) in case of the subdivision of Common Shares, the number of Option Shares shall be proportionately increased (as at the effective date of such subdivision or, if the Issuer shall take a record of holders of its Common Shares for the purpose of so subdividing, as at the applicable record date, whichever is earlier) to reflect the increase in the total number of Common Shares outstanding as a result of such subdivision, or (ii) in the case of a combination of Common Shares, the number of Option Shares shall be proportionately reduced (as at the effective date of such combination or, if the Issuer shall take a record of holders of its Common Shares for the purpose of so combining, as at the applicable record date, whichever is earlier) to reflect the reduction in the total number of Common Shares outstanding as a result of such combination.
Appears in 6 contracts
Samples: Option Agreement (Corporate Resource Services, Inc.), Option Agreement (Corporate Resource Services, Inc.), Option Agreement (Corporate Resource Services, Inc.)
