Common use of ADJUSTMENTS IN STOCK Clause in Contracts

ADJUSTMENTS IN STOCK. Subject to the provisions of the Plan, if the outstanding shares of the Company Common Stock of the class subject to this Option are increased or decreased, or are changed into or exchanged for a different number or kind of shares or securities as a result of one or more reorganizations, recapitalizations, stock splits, reverse stock splits, stock dividends and the like, appropriate adjustments to be conclusively determined by the Committee, shall be made in the number and/or type of shares or securities subject to this Option and in the Option Exercise Price, so that the total purchase price of the shares then subject to this Option shall remain unchanged.

Appears in 6 contracts

Samples: Agreement (Jack in the Box Inc /New/), Stock Option Agreement (Jack in the Box Inc /New/), Stock Option Agreement (Jack in the Box Inc /New/)

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ADJUSTMENTS IN STOCK. Subject to the provisions of the Plan, if the outstanding shares of the Company Common Stock Corporation of the class subject to this Incentive Option are increased or decreased, or are changed into or exchanged for a different number or kind of shares or securities as a result of one or more reorganizations, mergers, consolidations, recapitalizations, stock splitsreclassifications, reverse stock splits, stock dividends and the likeor like capital adjustments, appropriate adjustments adjustments, to be conclusively determined by the CommitteeAdministrator, shall be made in the number and/or type number, price and kind of shares or securities subject to this Incentive Option and in the Option Exercise Price, so that the total purchase price of the shares then subject to this Incentive Option shall remain unchanged.

Appears in 1 contract

Samples: Titan Corp

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