Subdivision or Consolidation of Shares. Subject to any required action by the shareholders of the Company, the number of Option Shares covered by this Option, and the Exercise Price thereof, shall be proportionately adjusted for any increase or decrease in the number of issued shares resulting from a subdivision or consolidation of shares or the payment of a stock dividend, or any other increase or decrease in the number of such shares effected without receipt of consideration by the Company; provided however that the conversion of any convertible securities of the Company shall not be deemed having been “effected without receipt of consideration by the Company.”
Subdivision or Consolidation of Shares. (i) In the event the Corporation shall subdivide its outstanding Shares into a greater number of Shares, the Exercise Price in effect immediately prior to such subdivision shall be proportionately reduced, and conversely, in the event the outstanding Shares of the Corporation shall be consolidated into a smaller number of Shares, the Exercise Price in effect immediately prior to such consolidation shall be proportionately increased.
(ii) Upon each adjustment of the Exercise Price as provided herein, the Warrantholder shall thereafter be entitled to acquire, at the Exercise Price resulting from such adjustment, the number of Shares (calculated to the nearest tenth of a Share) obtained by multiplying the Exercise Price in effect immediately prior to such adjustment by the number of Shares which may be acquired hereunder immediately prior to such adjustment and dividing the product thereof by the Exercise Price resulting from such adjustment.
Subdivision or Consolidation of Shares. If the Optioned Shares are changed by way of being classified or reclassified, subdivided, consolidated or converted into a different number or class of shares or otherwise, or if the Optionor amalgamates, the Option Price and the type of security to be delivered to the Optionee upon exercise of the Option in whole or in part shall be adjusted accordingly, in all cases so that the Optionee shall receive the same number and type of securities as would have resulted from such change if the Option or the remaining part thereof had been exercised before the date of the change.
Subdivision or Consolidation of Shares. The terms of an Award and the share limitations under the Plan shall be subject to adjustment by the Committee from time to time, in accordance with the following provisions:
(i) If at any time, or from time to time, the Company shall subdivide as a whole (by reclassification, by a Stock split, by the issuance of a distribution on Stock payable in Stock, or otherwise) the number of shares of Stock then outstanding into a greater number of shares of Stock or in the event the Company distributes an extraordinary cash dividend, then, as appropriate (A) the maximum number of shares of Stock available for delivery with respect to Awards and applicable limitations with respect to Awards provided in Section 4 (other than cash limits) shall be increased proportionately, and the kind of shares or other securities available for the Plan shall be appropriately adjusted, (B) the number of shares of Stock (or other kind of shares or securities) that may be acquired under any then-outstanding Award shall be increased proportionately, and (C) the price (including the Exercise Price) for each share of Stock (or other kind of shares or securities) subject to then-outstanding Awards shall be reduced proportionately, without changing the aggregate purchase price or value as to which outstanding Awards remain exercisable or subject to restrictions; provided, however, that in the case of an extraordinary cash dividend that is not an Adjustment Event, the adjustment to the number of shares of Stock and the Exercise Price with respect to an outstanding Option may be made in such other manner as the Committee may determine that is permitted pursuant to applicable tax and other laws, rules and regulations. Notwithstanding the foregoing, Awards that already have a right to receive extraordinary cash dividends as a result of Dividend Equivalents or other dividend rights will not be adjusted as a result of an extraordinary cash dividend.
(ii) If at any time, or from time to time, the Company shall consolidate as a whole (by reclassification, by reverse Stock split, or otherwise) the number of shares of Stock then outstanding into a lesser number of shares of Stock, then, as appropriate (A) the maximum number of shares of Stock available for delivery with respect to Awards and applicable limitations with respect to Awards provided in Section 4 (other than cash limits) shall be decreased proportionately, and the kind of shares or other securities available for the Plan shall be appropr...
Subdivision or Consolidation of Shares. 8.1 If the authorized capital of the Company as presently constituted is consolidated into a lesser number of shares or subdivided into a greater number of shares, the number of Optioned Shares not previously purchased by the Optionee will be decreased or increased proportionately, as the case may be, and the purchase price to be paid by the Optionee for each Optioned Share will be adjusted accordingly.
8.2 If the Company amalgamates or merges or otherwise combines with any other company or companies, whether by way of arrangement, sale of its assets and undertaking or otherwise howsoever, then and in each such case the number of shares in the capital of the resulting company that will be subject to this Agreement will be that number of such shares which would have resulted if all Optioned Shares in respect of which the Option that remained unexercised at the date of such amalgamation, merger or combination had been purchased immediately before the date of such merger, amalgamation or combination became effective, and the purchase price of the shares subject to this Agreement will be correspondingly increased or decreased, as applicable.
8.3 If any questions arise at any time with respect to the option price or number of unissued Optioned Shares deliverable upon exercise of an Option following the occurrences described in Sections 8.1 or 8.2, such questions shall be conclusively determined by the Company's auditor, or, if they decline to so act, any other firm of Chartered Accountants in Vancouver, British Columbia, that the board of the Company may designate and who will have access to all appropriate records and such determination will be binding upon the Company and the Optionee.
Subdivision or Consolidation of Shares. The shares of Stock issuable pursuant to the exercise of this Option are shares of Stock as presently constituted, but if, and whenever, prior to the expiration this Option, the Company shall effect a subdivision or consolidation of shares of Stock or the payment of a stock dividend on Stock without receipt of consideration by the Company, the number of shares of Stock with respect to which this Option may thereafter be exercised (i) in the event of an increase in the number of outstanding shares of Stock shall be proportionately increased, and the purchase price per share of Stock shall be proportionately reduced, and (ii) in the event of a reduction in the number of outstanding shares of Stock shall be proportionately reduced, and the purchase price per share of Stock shall be proportionately increased. Any fractional share resulting from such adjustment shall be rounded up to the next whole share.
Subdivision or Consolidation of Shares. 9.1 If the authorized capital of the Company as presently constituted is consolidated into a lesser number of shares or subdivided into a greater number of shares, the number of Optioned Shares not previously purchased by the Optionee will be decreased or increased proportionately, as the case may be, and the purchase price to be paid by the Optionee for each Optioned Share will be adjusted accordingly.
9.2 If the Company amalgamates or merges with any other company or companies, whether by way of arrangement, sale of its assets and undertaking or otherwise howsoever, then and in each such case the number of shares in the capital of the resulting company that will be subject to this Agreement will be that number of such shares which would have resulted if all Optioned Shares in respect of which the Option remained unexercised at the date of such amalgamation or merger had been purchased immediately before the date of such merger or amalgamation became effective, and the purchase price of the shares subject to this Agreement will be correspondingly increased or decreased, as applicable.
Subdivision or Consolidation of Shares. (i) In the event the Company shall, prior to the Time of Expiry, subdivide its outstanding common shares of the Company into a greater number of shares (either directly or by way of stock dividend or other distribution of the common shares of the Company payable in common shares of the Company, Participating Shares (as hereinafter defined) or Convertible Securities (as hereinafter defined)), the Exercise Price in effect immediately prior to such subdivision shall on the effective date in the case of a subdivision or on the record date in the case of a stock dividend be proportionately reduced as of the effective date of such event, and conversely, in case the outstanding common shares of the Company are consolidated into a smaller number of shares, the Exercise Price in effect immediately prior to such consolidation shall be proportionately increased as of the effective date of such event. Any proportionate adjustment in the Exercise Price shall consider the number of outstanding common shares of the Company and outstanding Participating Shares. The number of outstanding common shares of the Company and outstanding Participating Shares shall include the deemed conversion into or exchange for common shares of the Company or Participating Shares or Convertible Securities distributed by way of stock dividend or other such distribution.
(ii) Upon each adjustment of the Exercise Price as provided in this section 2.3, the Holder shall thereafter be entitled to acquire, at the Exercise Price resulting from such adjustment, the number of Shares (calculated to the nearest tenth of a Share) obtained by multiplying the Exercise Price in effect immediately prior to such adjustment by the number of Shares which may be acquired hereunder immediately prior to such adjustment and dividing the product thereof by the Exercise Price resulting from such adjustment.
Subdivision or Consolidation of Shares. In the event Apollo shall subdivide its outstanding Apollo Common Shares into a greater number of Apollo Common Shares, the conversion rate per share expressed in United States Dollars in Sections 5.1(a)(i) and (b)(i) of the Agreement in effect immediately prior to such subdivision shall be reduced by the reciprocal of the multiple used to arrive at the new number of Apollo Common Shares. Conversely, in the event Apollo shall consolidate its outstanding Apollo Common Shares into a lesser number of Apollo Common Shares, the conversion rate per share expressed in United States dollars in Sections 5.1(a)(i) and (b)(i) of the Agreement in effect immediately prior to such consolidation shall be increased by the reciprocal of the fraction used to arrive at the new number of Apollo Common Shares.
Subdivision or Consolidation of Shares. If the Company at any time shall consolidate or subdivide its Ordinary Shares, (i) in the case of a subdivision, the Exercise Price shall be proportionately decreased (solely to the extent that such decrease would not
