Common use of Adjustments in Shares Clause in Contracts

Adjustments in Shares. If prior to the exercise of the Option at any time or from time to time, there shall be any reorganization of the capital stock of the Company by way of stock split, consolidation, subdivision, merger, amalgamation or otherwise or payment of any stock dividends, then there shall automatically be an adjustment in either or both of the number of Shares of the Company which may be purchased pursuant hereto or the price at which such Shares may be purchased by corresponding amounts, so that the Optionee's rights hereunder shall thereafter be as reasonably as possible equivalent to the rights originally granted to the Optionee. The Board of Directors of the Company shall have the sole and exclusive power to make the adjustments as it considers necessary and desirable.

Adjustments in Shares. If prior to the exercise of the Option at any ----------------------- time or from time to time, there shall be any reorganization of the capital stock of the Company by way of stock split, consolidation, subdivision, merger, amalgamation or otherwise or payment of any stock dividends, then there shall automatically be an adjustment in either or both of the number of Shares of the Company which may be purchased pursuant hereto or the price at which such Shares may be purchased by corresponding amounts, so that the Optionee's rights hereunder shall thereafter be as reasonably as possible equivalent to the rights originally granted to the Optionee. The Board of Directors of the Company shall have the sole and exclusive power to make the adjustments as it considers necessary and desirable.