Common use of Adjustment Generally Clause in Contracts

Adjustment Generally. If there shall be any change in the Common Stock of the Company, through merger, consolidation, reorganization, recapitalization, stock dividend, stock split, reverse stock split, split up, spin-off, combination of shares of Common Stock, exchange of shares of Common Stock, 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 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, and such an adjustment shall be made successively each time any such change shall occur.

Appears in 2 contracts

Samples: Stock Option Agreement (Thermadyne Holdings Corp /De), Thermadyne Holdings Corp /De

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Adjustment Generally. If there shall be any change in the Common Stock of the Company, through merger, consolidation, reorganization, recapitalization, stock dividend, stock split, reverse stock split, split up, spin-off, combination of shares of Common Stock, exchange of shares of Common Stock, 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 this option so that the Option this 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 option had such Option option been exercised in full immediately prior to such change or distribution, and such an adjustment shall be made successively each time any such change shall occur.

Appears in 1 contract

Samples: Wellchoice Inc

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Adjustment Generally. If there shall be any change in the Common Stock of the Company, through merger, consolidation, reorganization, recapitalization, stock dividendor special one-time cash dividends, stock split, reverse stock split, split up, spin-off, combination of shares of Common Stock, exchange of shares of Common Stock, 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 this option so that the Option this 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 option had such Option option been exercised in full immediately prior to such change or distribution, and such an adjustment shall be made successively each time any such change shall occur.

Appears in 1 contract

Samples: Epicept Corp

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