Common use of Adjustment in Option Shares Clause in Contracts

Adjustment in Option Shares. A. In the event any change is made to the Corporation's outstanding Common Stock by reason of any stock split, stock dividend, combination of shares, exchange of shares, or other change affecting the outstanding Common Stock as a class without receipt of consideration, then appropriate adjustments shall be made to (i) the total number of Option Shares subject to this option, (ii) the number of Option Shares for which this option is to be exercisable from and after each installment date specified in the Grant Notice and (iii) the Option Price payable per share in order to reflect such change and thereby preclude a dilution or enlargement of benefits hereunder.

Appears in 12 contracts

Samples: Stock Option Agreement (Actionpoint Inc), Series F Preferred Stock Purchase Agreement (Digirad Corp), Employment Agreement (Combichem Inc)

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Adjustment in Option Shares. A. In the event any change is made to the Corporation's Company’s outstanding Common Stock by reason of any stock split, stock dividend, combination of shares, exchange of shares, or other change affecting the outstanding Common Stock as a class without receipt of consideration, then appropriate adjustments shall be made to (i) the total number of Option Shares subject to this optionOption, (ii) the number of Option Shares for which this option Option is to be exercisable from and after each installment date specified in the Grant Notice and (iii) the Option Price payable per share in order to reflect such change and thereby preclude a dilution or enlargement of benefits hereunder.

Appears in 4 contracts

Samples: Non Employee Director Stock Option Agreement (Geron Corp), Stock Option Agreement (Geron Corp), Stock Option Agreement (Geron Corp)

Adjustment in Option Shares. A. In the event any change is made to the Corporation's outstanding Common Stock by reason of any stock split, stock dividend, combination of shares, exchange of shares, or other change affecting the outstanding Common Stock as a class without receipt of consideration, then appropriate adjustments shall be made to (i) the total number of Option Shares subject to this option, (ii) the number of Option Shares for which this option is to be exercisable from and after each installment date specified in the Grant Notice and (iii) the Option Price payable per share in order to reflect such change and thereby preclude a dilution or enlargement of benefits hereunder, provided that no adjustment shall be made to the option or the shares available under any option in connection with any exchange of common stock issued to investors for Series A Preferred stock.

Appears in 2 contracts

Samples: Discovery Partners International Inc, Rubios Restaurants Inc

Adjustment in Option Shares. A. In the event any change is made to the Corporation's outstanding Common Stock by reason of any stock split, stock dividend, combination of shares, exchange of shares, or other change affecting the outstanding Common Stock as a class without receipt of consideration, then appropriate adjustments shall be made to (i) the total number of Option Shares subject to this optionOption, (ii) the number of Option Shares for which this option Option is to be exercisable from and after each installment date specified in the Notice of Grant Notice and (iii) the Option Price payable per share in order to reflect such change and thereby preclude a dilution or enlargement of benefits hereunder.

Appears in 1 contract

Samples: Stock Option Agreement (Buy Com Inc)

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Adjustment in Option Shares. A. In the event any change is made to the Corporation's ’s outstanding Common Stock by reason of any stock split, stock dividend, combination of shares, exchange of shares, or other change affecting the outstanding Common Stock as a class without receipt of consideration, then appropriate adjustments shall be made to (i) the total number of Option Shares subject to this option, (ii) the number of Option Shares for which this option is to be exercisable from and after each installment date specified in the Grant Notice and (iii) the Option Price payable per share in order to reflect such change and thereby preclude a dilution or enlargement of benefits hereunder.

Appears in 1 contract

Samples: Stock Option Agreement (Tellabs Inc)

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