Adjustment in Option Shares. (a) In the event any change is made to the Common Stock issuable under the Plan by reason of any stock split, stock dividend, recapitalization, combination of shares, exchange of shares or other change affecting the outstanding Common Stock as a class effected without the Corporation's receipt of consideration, the Committee shall make appropriate adjustments to (i) the number and/or class of securities subject to this option and (ii) the Option Price payable per share in order to prevent any dilution or enlargement of benefits hereunder. Such adjustments shall be final, binding and conclusive.
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Samples: Stock Option Agreement (Insurance Auto Auctions Inc /Ca), Insurance Auto Auctions Inc /Ca
Adjustment in Option Shares. (a) A. In the event any change is made to the Common Stock issuable under the Plan by reason of any stock split, stock dividend, recapitalization, combination of shares, exchange of shares or other change affecting the outstanding Common Stock as a class effected without the Corporation's receipt of consideration, the Committee Plan Administrator shall make appropriate adjustments to (i) the number and/or class of securities subject to this option and (ii) the Option Exercise Price payable per share in order to prevent any dilution or enlargement of benefits hereunder. Such adjustments shall be final, binding and conclusive.
Appears in 2 contracts
Samples: Stock Option Agreement (Quickresponse Services Inc), Supplemental Stock Option Plan (Portal Software Inc)
Adjustment in Option Shares. (a) A. In the event any change is made to the Common Stock issuable under the Plan by reason of any stock split, stock dividend, recapitalization, combination of shares, exchange of shares or other change affecting the outstanding Common Stock as a class effected without the Corporation's receipt of consideration, the Committee Plan Administrator shall make appropriate adjustments to (i) the number and/or class of securities subject to this option and (ii) the Option Price payable per share in order to prevent any dilution or enlargement of benefits hereunder. Such adjustments shall be final, binding and conclusive.
Appears in 2 contracts
Samples: Stock Option Agreement (Quickresponse Services Inc), Ultratech Stepper Inc
Adjustment in Option Shares. (a) a. In the event any change is made to the Common Stock issuable under the Plan by reason of any stock split, stock dividend, recapitalization, combination of shares, exchange of shares or other change affecting the outstanding Common Stock as a class effected without the Corporation's receipt of consideration, the Committee Plan Administrator shall make appropriate adjustments to (i) the number and/or class of securities subject to this option and (ii) the Option Exercise Price payable per share in order to prevent any dilution or enlargement of rights and benefits hereunder. Such adjustments shall be final, binding and conclusive.
Appears in 2 contracts
Samples: Stock Option Agreement (Microelectronic Packaging Inc /Ca/), Stock Option Agreement (Meltronix Inc)
Adjustment in Option Shares. (a) In the event any change is made to the Common Stock common stock issuable under the Plan by reason of any stock split, stock dividend, recapitalization, combination of shares, exchange of shares or other change affecting the outstanding Common Stock common stock as a class effected without the CorporationCompany's receipt of consideration, the Committee shall make appropriate adjustments shall automatically be made to (i) the class and/or number and/or class of securities subject to this option and (ii) the Option Price payable per share in order to prevent any dilution or enlargement of benefits hereunder. Such The adjustments determined by the Plan Administrator shall be final, binding and conclusive.
Appears in 1 contract
Adjustment in Option Shares. (a) In the event any change is made to the Common Stock issuable under the Plan by reason of any stock split, stock dividend, recapitalization, combination of shares, exchange of shares or other change affecting the outstanding Common Stock as a class effected without the Corporation's receipt of consideration, the Committee Plan Administrator shall make appropriate adjustments to (i) the total number and/or class of securities Optioned Shares subject to this option and the (ii) the Option Price payable per share in order to prevent any dilution or enlargement of benefits hereunder. Such The adjustments determined by the Plan Administrator shall be final, binding and conclusive.
Appears in 1 contract
Samples: Stock Option Agreement (Corvel Corp)
Adjustment in Option Shares. (a) In the event any change is made to the Common Stock issuable under the Plan by reason of any stock split, stock dividend, recapitalization, combination of shares, exchange of shares or other change affecting the outstanding Common Stock as a class effected without the Corporation's receipt of consideration, the Committee Plan Administrator shall make appropriate adjustments to (i) the number and/or class of securities subject to this option and (ii) the Option Exercise Price payable per share in order to prevent any dilution or enlargement of rights and benefits hereunder. Such adjustments shall be final, binding and conclusive.
Appears in 1 contract
Samples: Agreement and Plan of Merger and Reorganization (Gene Logic Inc)