Common use of Adjustments in Option Clause in Contracts

Adjustments in Option. In the event that the outstanding shares of the Common Stock subject to the Option are changed into or exchanged for a different number or kind of shares of the Company or other securities of the Company by reason of merger (including reincorporation by means of merger), consolidation, recapitalization, reclassification, stock split-up, stock dividend or combination of shares (a “Recapitalization”), the Board shall make an appropriate and equitable adjustment in the number and kind of shares as to which the Option, or portions thereof then unexercised, shall be exercisable, to the end that after such event the Optionee’s proportionate interest shall be maintained as before the occurrence of such event. Such adjustment in the Option may include any necessary corresponding adjustment in the Option price per share, but shall be made without change in the total price applicable to the Option or the unexercised portion of the Option (except for any change in the aggregate price resulting from rounding-off of share quantities or prices). Any such adjustment made by the Board shall be final and binding upon the Optionee, the Company and all other interested persons.

Adjustments in Option. In the event that the outstanding shares of the Common Stock stock subject to the Option are changed into or exchanged for a different number or kind of shares of the Company or other securities of the Company by reason of merger (including reincorporation by means of merger), consolidation, recapitalization, reclassification, stock split-up, stock dividend dividend, or combination of shares (a “Recapitalization”)shares, the Board Committee or the Company shall make an appropriate and equitable adjustment in the number and kind of shares as to which the Option, or portions thereof then unexercised, shall be exercisable, to . Such adjustment shall be made with the end intent that after such event the Optioneechange or exchange of shares, the Employee’s proportionate interest shall be maintained as before the occurrence of such event. Such adjustment in the Option may include any a necessary corresponding adjustment in the Option option price per share, but shall be made without change in the total price applicable to the Option or the unexercised portion of the Option (except for any change in the aggregate price resulting from rounding-off of share quantities or prices). Any such adjustment made by the Board shall be final and binding upon the Optionee, the Company and all other interested persons.

Adjustments in Option. In the event that the outstanding shares of the Common Stock stock subject to the Option are changed into or exchanged for a different number or kind of shares of the Company or other securities of the Company by reason of merger (including reincorporation by means of merger), consolidation, recapitalization, reclassification, stock split-up, stock dividend dividend, or combination of shares (a “Recapitalization”)shares, the Board Committee or the Company shall make an appropriate and equitable adjustment in the number and kind of shares as to which the Option, or portions thereof then unexercised, shall be exercisable, . Such adjustment shall be made with * Refer to attached Notice the end intent that after such event the Optioneechange or exchange of shares, the Employee’s proportionate interest shall be maintained as before the occurrence of such event. Such adjustment in the Option may include any a necessary corresponding adjustment in the Option option price per share, but shall be made without change in the total price applicable to the Option or the unexercised portion of the Option (except for any change in the aggregate price resulting from rounding-off of share quantities or prices). Any such adjustment made by the Board shall be final and binding upon the Optionee, the Company and all other interested persons.

Adjustments in Option. (a) In the event that the outstanding shares of the Common Stock stock subject to the Option are changed into or exchanged for a different number or kind of shares of the Company or other securities of the Company Company, or of another corporation, by reason of merger (including reincorporation by means of reorganization, merger), consolidation, recapitalization, reclassification, stock split-up, stock dividend or combination of shares, or other distribution of shares (a “Recapitalization”)of Common Stock, the Board Administrator shall make an appropriate and equitable adjustment adjustments, if any, in the number and kind of shares as to which the Option, or portions thereof then unexercised, shall be exercisable, to the end that after such event the OptioneeEmployee’s proportionate interest shall be maintained as before the occurrence of such event. Such adjustment in the Option may include any necessary corresponding adjustment in the Option price per share, but shall be made without change in the total price applicable to the Option or the unexercised portion of the Option (except for any change in the aggregate price resulting from rounding-off of share quantities or prices). Any such adjustment made by the Board Administrator shall be final and binding upon the OptioneeEmployee, the Company and all other interested persons.

Adjustments in Option. In the event that the outstanding shares of the Common Stock stock subject to the Option are changed into or exchanged for a different number or kind of shares of the Company or other securities of the Company by reason of merger (including reincorporation by means of merger), consolidation, recapitalization, reclassification, stock split-up, stock dividend dividend, or combination of shares (a “Recapitalization”)shares, the Board Committee or the Company shall make an appropriate and equitable adjustment in the number and kind of shares as to which the Option, or portions thereof then unexercised, shall be exercisable, to . Such adjustment shall be made with the end intent that after such event the Optioneechange or exchange of shares, the Employee’s proportionate interest shall be maintained as before the occurrence of such event. Such adjustment in the Option may include any a necessary corresponding adjustment in the Option option price per share, but shall be made without change in the total price applicable to the Option or the unexercised portion of the Option (except for any change in the aggregate price resulting from rounding-off of share quantities or prices). Any such adjustment made by the Board shall be final and binding upon the Optionee, the Company and all other interested persons* Refer to attached Notice.

Adjustments in Option. In the event that the outstanding shares of the Common Stock stock subject to the Option are changed into or * Refer to attached Notice exchanged for a different number or kind of shares of the Company or other securities of the Company by reason of merger (including reincorporation by means of merger), consolidation, recapitalization, reclassification, stock split-up, stock dividend dividend, or combination of shares (a “Recapitalization”)shares, the Board Committee or the Company shall make an appropriate and equitable adjustment in the number and kind of shares as to which the Option, or portions thereof then unexercised, shall be exercisable, to . Such adjustment shall be made with the end intent that after such event the Optioneechange or exchange of shares, the Employee’s proportionate interest shall be maintained as before the occurrence of such event. Such adjustment in the Option may include any a necessary corresponding adjustment in the Option option price per share, but shall be made without change in the total price applicable to the Option or the unexercised portion of the Option (except for any change in the aggregate price resulting from rounding-off of share quantities or prices). Any such adjustment made by the Board shall be final and binding upon the Optionee, the Company and all other interested persons.

Adjustments in Option. (a) In the event that the outstanding shares of the Common Stock subject to the Option are changed into or exchanged for a different number or kind of shares of the Company or other securities of the Company Company, or of another corporation, by reason of merger (including reincorporation by means of reorganization, merger), consolidation, recapitalization, reclassification, stock split-up, stock dividend or combination of shares, or other distribution of shares (a “Recapitalization”)of Common Stock, the Board Administrator shall make an appropriate and equitable adjustment adjustments, if any, in the number and kind of shares as to which the Option, or portions thereof then unexercised, shall be exercisable, to the end that after such event the OptioneeDirector’s proportionate interest shall be maintained as before the occurrence of such event. Such adjustment in the Option may include any necessary corresponding adjustment in the Option price per share, but shall be made without change in the total price applicable to the Option or the unexercised portion of the Option (except for any change in the aggregate price resulting from rounding-off of share quantities or prices). Any such adjustment made by the Board Administrator shall be final and binding upon the OptioneeDirector, the Company and all other interested persons.

Adjustments in Option. In the event that the outstanding shares of the Common Stock stock subject to the Option are changed into or exchanged for a different number or kind of shares of the Company or other securities of the * Refer to attached Notice Company by reason of merger (including reincorporation by means of merger), consolidation, recapitalization, reclassification, stock split-up, stock dividend dividend, or combination of shares (a “Recapitalization”)shares, the Board Committee or the Company shall make an appropriate and equitable adjustment in the number and kind of shares as to which the Option, or portions thereof then unexercised, shall be exercisable, to . Such adjustment shall be made with the end intent that after such event the Optioneechange or exchange of shares, the Employee’s proportionate interest shall be maintained as before the occurrence of such event. Such adjustment in the Option may include any a necessary corresponding adjustment in the Option option price per share, but shall be made without change in the total price applicable to the Option or the unexercised portion of the Option (except for any change in the aggregate price resulting from rounding-off of share quantities or prices). Any such adjustment made by the Board shall be final and binding upon the Optionee, the Company and all other interested persons.