Adjustments In Number of Shares Subject to the Option Clause Samples

Adjustments In Number of Shares Subject to the Option. In the event of any merger, reorganization, consolidation, recapitalization, separation, liquidation, stock dividend, split-up, share combination, or other change in the corporate structure of the Company affecting the number of outstanding shares of its stock or the kind of shares or securities, an appropriate and proportionate adjustment shall be made in the number and kind of Shares which may be delivered under the this Agreement. If the Company shall at any time merge or consolidate with or into another corporation or association, Shares subject to this Agreement shall thereafter be the securities or property to which the Shareholder would have been entitled upon such merger or consolidation.