Common use of Adjustment to Number of Shares Clause in Contracts

Adjustment to Number of Shares. The Company agrees that if the Fair Market Value of the Company’s common stock on the date of Share issuance is less than the Fair Market Value of the Company’s common stock on the Effective Date, then the number of Shares issuable (assuming all conditions are satisfied) shall be increased so that the aggregate Fair Market Value of Shares issuable equals the aggregate Fair Market Value that such number of Shares would have had on the Effective Date.

Appears in 4 contracts

Samples: Restricted Stock Grant Agreement (Originoil Inc), Restricted Stock Grant Agreement (Originoil Inc), Restricted Stock Grant Agreement (Originoil Inc)

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Adjustment to Number of Shares. The Company agrees that if the Fair Market Value of the Company’s 's common stock on the date of Share issuance is less than the Fair Market Value of the Company’s 's common stock on the Effective Date, then the number of Shares issuable (assuming all conditions are satisfied) shall be increased so that the aggregate Fair Market Value of Shares issuable equals the aggregate Fair Market Value that such number of Shares would have had on the Effective Date.

Appears in 1 contract

Samples: Restricted Stock Grant Agreement (Solar3d, Inc.)

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