Common use of Adjustment in Option Shares Clause in Contracts

Adjustment in Option Shares. (a) If any change is made to the Common Shares issuable under the Plan, whether by reason of any share dividend, share split, combination of shares, recapitalization or other change affecting the outstanding Common Shares as a class without receipt of consideration, then appropriate adjustments will be made to (i) the total number of Optioned Shares subject to this option and (ii) the Exercise Price payable per share, in order to reflect such change and thereby preclude the dilution or enlargement of benefits under this Agreement. The adjustments determined by the plan administrator (the "Plan Administrator") will be final, binding and conclusive.

Appears in 4 contracts

Samples: Share Option Agreement (Xoma LTD /De/), Share Option Agreement (Xoma LTD /De/), Qualified Share Option Agreement (Xoma LTD /De/)

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Adjustment in Option Shares. (a) If any change is made to the Common Shares Stock issuable under the Plan, whether by reason of any share stock dividend, share stock split, combination of shares, recapitalization or other change affecting the outstanding Common Shares Stock as a class without receipt of consideration, then appropriate adjustments will be made to (i) the total number of Optioned Shares subject to this option and (ii) the Exercise Price payable per share, in order to reflect such change and thereby preclude the dilution or enlargement of benefits under this Agreement. The adjustments determined by the plan administrator (the "Plan Administrator") will be final, binding and conclusive.

Appears in 2 contracts

Samples: Stock Option Agreement (Xoma Corp /De/), Non Qualified Stock Option Agreement (Xoma Corp /De/)

Adjustment in Option Shares. (a) If any change is made to the Common Shares issuable under the Plan, whether by reason of any share dividend, share split, combination of shares, recapitalization or other change affecting the outstanding Common Shares as a class without receipt of consideration, then appropriate adjustments will be made to (i) the total number of Optioned Shares subject to this option and (ii) the Exercise Price payable per share, in order to reflect such change and thereby preclude the dilution or enlargement of benefits under this Agreement. The adjustments determined by the plan administrator (the "β€œPlan Administrator"”) will be final, binding and conclusive.

Appears in 2 contracts

Samples: Share Option Agreement (Xoma LTD /De/), Qualified Share Option Agreement (Xoma LTD /De/)

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Adjustment in Option Shares. (a) If any change is made to the Common Shares issuable under the PlanIncorporated Terms, whether by reason of any share dividend, share split, combination of shares, recapitalization or other change affecting the outstanding Common Shares as a class without receipt of consideration, then appropriate adjustments will be made to (i) the total number of Optioned Shares subject to this option and (ii) the Exercise Price payable per share, in order to reflect such change and thereby preclude the dilution or enlargement of benefits under this Agreement. The adjustments determined by the plan administrator (the "Plan Administrator") Administrator will be final, binding and conclusive.

Appears in 1 contract

Samples: Qualified Share Option Agreement (Xoma LTD /De/)

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