Common use of Adjustment Generally Clause in Contracts

Adjustment Generally. If while the option remains in effect there shall be any change in the Ordinary Common Stock of the Company, through merger, consolidation, reorganization, recapitalization, stock dividend, stock split, reverse stock split, split up, spin-off, combination of shares, exchange of shares for other securities, dividend in kind or other like change in capital structure or distribution (other than normal cash dividends) to stockholders of the Company, an adjustment shall be made to the option as determined by the Committee so that the option shall thereafter be exercisable for such securities, cash and/or other property as would have been received in respect of the Common Stock subject to the option had such option been exercised in full immediately prior to such change or distribution or, if to the extent the Committee determines that such adjustment in the consideration to be received upon exercise of the option is not practicable, the Committee shall equitably modify the option as provided by subsection 7(b) below, and such an adjustment shall be made successively each time any such change shall occur.