Common use of Subdivision or Consolidation of Shares Clause in Contracts

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.

Appears in 2 contracts

Samples: Option Agreement (Gold Run Inc.), Option Agreement (Gold Run Inc.)

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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.

Appears in 2 contracts

Samples: Option Agreement (Environmental Solutions Worldwide Inc), Option Agreement (Environmental Solutions Worldwide Inc)

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 the. Option or the remaining part thereof had been exercised before the date of the change.

Appears in 2 contracts

Samples: Employment Agreement (Gold Run Inc.), Employment Agreement (Gold Run Inc.)

Subdivision or Consolidation of Shares. If the Optioned Common 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 Company amalgamates, the Option Price exercise price and the type of security to be delivered to the Optionee Participant upon exercise of the Option this option in whole or in part shall be adjusted accordingly, in all cases so that the Optionee Participant shall receive the same number and type of securities as would have resulted from such change if the this Option or the remaining part thereof had been exercised before the date of the change.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (I2 Technologies Inc)

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Subdivision or Consolidation of Shares. If the Optioned Shares (including without limitation the Existing Shares and any Offered 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 Option Price shall not change and the Optionee shall receive the same number and type of securities as would have resulted from such change if the Option or Optionor the remaining part thereof had been exercised before the date of the change.

Appears in 1 contract

Samples: Share Purchase Agreement (It Staffing LTD)

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 amalgamatesDonini merges, 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.

Appears in 1 contract

Samples: Option Agreement (Donini Inc)

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