Common use of Adjustment Upon Changes in Capitalization Clause in Contracts

Adjustment Upon Changes in Capitalization. In the event of any change in the Common Stock by reason of stock dividends, split-ups, recapitalizations, combinations, conversions, divisions, exchanges of shares or the like, then the number and kind of Option Shares and the Option Price shall be appropriately adjusted.

Appears in 16 contracts

Samples: Stock Option Agreement (Sovereign Bancorp Inc), Stock Option Agreement (National Penn Bancshares Inc), Stock Option Agreement (Patriot Bank Corp)

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Adjustment Upon Changes in Capitalization. In the event of any change in the Common Stock Shares by reason of stock dividends, split-ups, recapitalizations, combinations, conversions, divisions, exchanges of shares or the like, then the number and kind of Option Optioned Shares and and/or the Option Price purchase price per Optioned Share shall be appropriately adjustedadjusted appropriately.

Appears in 6 contracts

Samples: Short Form Merger Option Agreement (Asv Inc /Mn/), Short Form Merger Option Agreement (Mills Corp), Form Merger Option Agreement (Whitehall Street Real Estate Limited Partnership Vii)

Adjustment Upon Changes in Capitalization. In the event of any ----------------------------------------- change in the Common Stock by reason of stock dividends, split-ups, recapitalizations, combinations, conversions, divisions, exchanges of shares or the like, then the number and kind of Option Shares and the Option Price shall be appropriately adjusted.

Appears in 4 contracts

Samples: Stock Option Agreement (Heritage Bancorp Inc /Pa/), Stock Option Agreement (Heritage Bancorp Inc /Pa/), Stock Option Agreement (Heritage Bancorp Inc /Pa/)

Adjustment Upon Changes in Capitalization. In the event of any change in the Grantor Common Stock by reason of stock dividends, split-upsstock splits, mergers (other than the Merger), recapitalizations, combinations, conversions, divisions, exchanges exchange of shares or the like, then the type and number and kind of Option Shares shares or securities subject to the Stock Option, and the Option Exercise Price per share, shall be appropriately adjustedadjusted appropriately.

Appears in 4 contracts

Samples: Termination Option Agreement (Anthony C R Co), Termination Option Agreement (Stage Stores Inc), Termination Option Agreement (Peoples Telephone Company Inc)

Adjustment Upon Changes in Capitalization. (a) In the event of any change in the Common Stock by reason of stock dividends, split-upsstock splits, recapitalizations, combinations, conversions, divisions, exchanges of shares recapitalizations or the like, then the type and number and kind of shares subject to the Option Shares and the Option Exercise Price shall be appropriately adjustedadjusted appropriately.

Appears in 4 contracts

Samples: First Stock Option Agreement (Unimark Group Inc), Second Stock Option Agreement (Unimark Group Inc), First Stock Option Agreement (Mexico Strategic Advisors LLC)

Adjustment Upon Changes in Capitalization. In the event of any that there is a change in the Common Stock of the Company by reason of stock dividends, split-ups, recapitalizations, combinationsmergers, conversionsconsolidations, divisionsreorganizations, combinations or exchanges of shares or the likeshares, then the number and kind class of Option Shares shares available for options and the Option Price number of shares subject to any outstanding options and the price thereof, shall be appropriately adjustedadjusted by the Compensation Committee.

Appears in 4 contracts

Samples: Incentive and Stock (Brown Shoe Co Inc), Incentive and Stock (Brown Shoe Co Inc), Incentive Stock Option Agreement (Brown Shoe Co Inc)

Adjustment Upon Changes in Capitalization. In the event of any change ----------------------------------------- in the Common Stock by reason of stock dividends, split-ups, recapitalizations, combinations, conversions, divisions, exchanges of shares or the like, then the number and kind of Option Shares and the Option Price shall be appropriately adjusted.

Appears in 3 contracts

Samples: Stock Option Agreement (Community Independent Bank Inc), Agreement and Plan of Merger (Main Street Bancorp Inc), Stock Option Agreement (Heritage Bancorp Inc /Pa/)

Adjustment Upon Changes in Capitalization. In the event of any change in the Common Stock Shares by reason of stock dividends, split-ups, recapitalizations, combinations, conversions, divisions, exchanges of shares or the like, then the number and kind of Option Shares and the Option Price purchase price per share shall be appropriately adjustedadjusted appropriately.

Appears in 1 contract

Samples: Stock Option Agreement (Plenum Publishing Corp)

Adjustment Upon Changes in Capitalization. In the event of any change in the shares of Common Stock by reason of a stock dividendsdividend, stock split-ups, recapitalizationsmerger, combinationsrecapitalization, conversionscombination, divisionsconversion, exchanges exchange of shares or the like, then the number and kind of Option Shares subject to the Option and the purchase price per Option Price Share shall be appropriately adjusted. 8.

Appears in 1 contract

Samples: Stock Option Agreement (CBC Bancorp Inc)

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Adjustment Upon Changes in Capitalization. In the event of any change ----------------------------------------- in the Grantor Common Stock by reason of stock dividends, split-upsstock splits, mergers (other than the Merger), recapitalizations, combinations, conversions, divisions, exchanges exchange of shares or the like, then the type and number and kind of Option Shares shares or securities subject to the Stock Option, and the Option Exercise Price per share, shall be appropriately adjustedadjusted appropriately.

Appears in 1 contract

Samples: Termination Option Agreement (Davel Communications Group Inc)

Adjustment Upon Changes in Capitalization. In the event of any change in the Common Stock by reason of stock dividends, split-ups, recapitalizations, combinations, conversions, divisions, exchanges of shares or the like, then the number and kind of Option Shares and the Option Price shall be appropriately adjusted. 7.

Appears in 1 contract

Samples: Stock Option Agreement (Sovereign Bancorp Inc)

Adjustment Upon Changes in Capitalization. In the event of any change in ----------------------------------------- the Common Stock by reason of stock dividends, split-ups, recapitalizations, combinations, conversions, divisions, exchanges of shares or the like, then the number and kind of Option Shares and the Option Price shall be appropriately adjusted.

Appears in 1 contract

Samples: Stock Option Agreement (Community Independent Bank Inc)

Adjustment Upon Changes in Capitalization. In the event of any change in the Common Stock number or kind of Shares by reason of stock dividends, split-upsstock splits, mergers, recapitalizations, combinations, conversions, divisions, exchanges of shares or the likelike prior to the Closing, then the number and kind of Option Shares shares or securities subject to this Agreement and the Option per share Purchase Price (but not the aggregate Purchase Price) shall be appropriately adjusted.

Appears in 1 contract

Samples: Stock Purchase Agreement (Miller Scott Dennis)

Adjustment Upon Changes in Capitalization. In the event of any change in the Common Stock during the Option Period by reason of stock dividends, split-ups, mergers, recapitalizations, combinations, conversions, divisions, exchanges of shares or the like, then the number and kind of Option the Shares and the Option Price shall be appropriately adjusted.

Appears in 1 contract

Samples: Option Agreement (Biovail Corporation International)

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