Common use of Adjustment in Capitalization Clause in Contracts

Adjustment in Capitalization. The aggregate number of shares of Common Stock subject to outstanding Option grants and the respective prices and/or vesting criteria applicable to outstanding Options, shall be proportionately adjusted to reflect, as deemed equitable and appropriate by the Committee, any stock dividend, stock split or share combination of, or extraordinary cash dividend on, the Common Stock, or any recapitalization, reorganization, merger, consolidation, split-up, spin-off, combination, or exchange of shares affecting the Common Stock, or any issuance of any warrants or rights offering (other than any such offering under the Plan) to purchase Common Stock at a price materially below Fair Market Value, or any other similar event affecting the Common Stock. All determinations and calculations required under this Section 10 shall be made in the sole discretion of the Committee.

Appears in 3 contracts

Samples: Form Nonqualified Stock Option Agreement (Adesa California, LLC), Nonqualified Stock Option Agreement (Del Pharmaceuticals, Inc.), Nonqualified Stock Option Agreement (IAA Acquisition Corp.)

AutoNDA by SimpleDocs

Adjustment in Capitalization. The aggregate number of shares of Common Stock Shares subject to outstanding Option grants and the respective prices and/or vesting criteria applicable to outstanding Options, shall be proportionately adjusted to reflect, as deemed equitable and appropriate by the Committee, any stock dividend, stock split or share combination of, or extraordinary cash dividend on, the Common Stock, or any recapitalization, reorganization, merger, consolidation, split-up, spin-off, combination, or exchange of shares affecting the Common Stock, or any issuance of any warrants or rights offering (other than any such offering under the Plan) to purchase Common Stock at a price materially below Fair Market Value, or any other similar event affecting the Common Stock. All determinations and calculations required under this Section 10 12 shall be made in the sole discretion of the Committee.

Appears in 3 contracts

Samples: Nonqualified Stock Option Agreement (CPI Card Group Inc.), Stock Option Agreement (CPI Card Group Inc.), Nonqualified Stock Option Agreement (CPI Card Group Inc.)

Adjustment in Capitalization. The aggregate number of shares of Common Stock subject to outstanding Option grants and the respective prices and/or vesting criteria applicable to outstanding Options, shall be proportionately adjusted to reflect, as deemed equitable and appropriate by the Committee, any stock dividend, stock split or share combination of, or extraordinary cash dividend on, the Common Stock, or any recapitalization, reorganization, merger, consolidation, split-up, spin-off, combination, or exchange of shares affecting the Common Stock, or any issuance of any warrants or rights offering (other than any such offering under the Plan) to purchase Common Stock at a price materially below Fair Market Value, or any other similar event affecting the Common Stock. All determinations and calculations required under this Section 10 9 shall be made in the sole discretion of the Committee.

Appears in 1 contract

Samples: Nonqualified Stock Option Agreement (KAR Auction Services, Inc.)

Adjustment in Capitalization. The aggregate number of shares of Common Stock Shares subject to outstanding Option grants and the respective prices and/or vesting criteria applicable to outstanding Options, shall be proportionately adjusted to reflect, as deemed equitable and appropriate by the Committee, any stock dividend, stock split or share combination of, or extraordinary cash dividend on, the Common Stock, or any recapitalization, reorganization, merger, consolidation, split-up, spin-off, combination, or exchange of shares affecting the Common Stock, or any issuance of any warrants or rights offering (other than any such offering under the Plan) to purchase Common Stock at a price materially below Fair Market Value, or any other similar event affecting the Common Stock. All determinations and calculations required under this Section 10 11 shall be made in the sole discretion of the Committee.

Appears in 1 contract

Samples: Nonqualified Stock Option Agreement (CPI Card Group Inc.)

AutoNDA by SimpleDocs

Adjustment in Capitalization. The aggregate number of shares of Common Stock subject to outstanding Option grants and grants, the respective prices and/or vesting criteria applicable to outstanding OptionsOptions and the Original Cost, shall be proportionately adjusted to reflect, as deemed equitable and appropriate by the Committee, (i) any stock dividend, stock split or share combination of, or extraordinary cash dividend on, the Common Stock, or (ii) any recapitalization, reorganization, merger, consolidation, split-up, spin-off, combination, or exchange of shares affecting the Common Stock, or (iii) any issuance of any warrants or rights offering (other than any such offering under the Plan) to purchase Common Stock at a price materially below Fair Market Value, or (iv) any other similar event affecting the Common Stock. All determinations and calculations required under this Section 10 shall be made in the sole discretion of the Committee.

Appears in 1 contract

Samples: Nonqualified Stock Option Agreement (Bway Corp)

Adjustment in Capitalization. The aggregate number of shares of Common Stock Shares subject to outstanding Option grants and the respective prices and/or vesting criteria applicable to outstanding Options, shall be proportionately adjusted to reflect, as deemed equitable and appropriate by the Committee, any stock dividend, stock split or share combination of, or extraordinary cash dividend on, the Common Stock, or any recapitalization, reorganization, merger, consolidation, split-up, spin-off, combination, or exchange of shares affecting the Common Stock, or any issuance of any warrants or rights offering (other than any such offering under the Plan) to purchase Common Stock at a price materially below Fair Market Value, or any other similar event affecting the Common Stock. All determinations and calculations required under this Section 10 shall be made in the sole discretion of the Committee.

Appears in 1 contract

Samples: Nonqualified Stock Option Agreement (CPI Card Group Inc.)

Time is Money Join Law Insider Premium to draft better contracts faster.