Common use of Adjustments in the Event of Reorganization Clause in Contracts

Adjustments in the Event of Reorganization. In the event of any merger, consolidation, or other business reorganization in which the Company is the surviving entity, and in the event of any stock split, stock dividend or other event generally affecting the number of shares of Common Stock held by each person who is then a shareholder of record, the number of shares of Common Stock subject to the Option granted hereunder and the Exercise Price per share of such Option shall be adjusted in accordance with section 8.3 of the Plan to account for such event. In the event of any merger, consolidation, or other business reorganization in which the Company is not the surviving entity, any exercisable Option granted hereunder shall be cancelled or adjusted in accordance with the Plan. In the event that the Company shall declare and pay any dividend with respect to shares of Common Stock (other than a dividend payable in shares of Common Stock) which results in a nontaxable return of capital to the holders of shares of Common Stock for federal income tax purposes, or otherwise than by dividend makes distribution of property to the holders of its shares of Common Stock, at the election of the Committee, the Company shall either (i) make an equivalent payment to each Person holding an outstanding Option as of the record date for such dividend or distribution in accordance with section 8.3 of the Plan or (ii) adjust the Exercise Price per share of outstanding Options in such a manner as the Committee may determine to be necessary to reflect the effect of the dividend or distribution, or (iii) take any other action described in section 8.3(c) of the Plan.

Adjustments in the Event of Reorganization. In the event of any merger, consolidation, or other business reorganization in which the Company is the surviving entity, and in the event of any stock split, stock dividend or other event generally affecting the number of shares of Common Stock held by each person who is then a an shareholder of record, the number of shares of Common Stock subject to the Option option granted hereunder and the Exercise Price per share of such Option option shall be adjusted in accordance with section 8.3 of the Plan to account for such event. In the event of any merger, consolidation, or other business reorganization in which the Company is not the surviving entity, any exercisable Option option granted hereunder shall be cancelled or adjusted in accordance with the Plan. In the event that the Company shall declare and pay any dividend with respect to shares of Common Stock (other than a dividend payable in shares of Common Stock) which results in a nontaxable return of capital to the holders of shares of Common Stock for federal income tax purposes, or otherwise than by dividend makes distribution of property to the holders of its shares of Common Stock, at the election of the Committee, the Company shall either (i) make an equivalent payment to each Person holding an outstanding Option as of the record date for such dividend or distribution in accordance with section 8.3 of the Plan plan or (ii) adjust the Exercise Price per share of outstanding Options in such a manner as the Committee may determine to be necessary to reflect the effect of the dividend or distribution, or (iii) take any other action described in section 8.3(c) of the Planplan. Actions taken under section 8.3(c) of the Plan is obtained by the stockholders of the Company after September 26, 1997.

Adjustments in the Event of Reorganization. In the event of any merger, consolidation, or other business reorganization in which the Company is the surviving entity, and in the event of any stock split, stock dividend or other event generally affecting the number of shares of Common Stock held by each person who is then a an shareholder of record, the number of shares of Common Stock subject to the Option option granted hereunder and the Exercise Price per share of such Option option shall be adjusted in accordance with section 8.3 of the Plan to account for such event. In the event of any merger, consolidation, or other business reorganization in which the Company is not the surviving entity, any exercisable Option option granted hereunder shall be cancelled or adjusted in accordance with the Plan. In the event that the Company shall declare and pay any dividend with respect to shares of Common Stock (other than a dividend payable in shares of Common Stock) which results in a nontaxable return of capital to the holders of shares of Common Stock for federal income tax purposes, or otherwise than by dividend makes distribution of property to the holders of its shares of Common Stock, at the election of the Committee, the Company shall either (i) make an equivalent payment to each Person holding an outstanding Option as of the record date for such dividend or distribution in accordance with section 8.3 of the Plan plan or (ii) adjust the Exercise Price per share of outstanding Options in such a manner as the Committee may determine to be necessary to reflect the effect of the dividend or distribution, or (iii) take any other action described in section 8.3(c) of the Plan. Actions taken under section 8.3(c) of the Plan is obtained by the stockholders of the Company after September 26, 1997.

Adjustments in the Event of Reorganization. In the event of any merger, consolidation, or other business reorganization in which the Company is the surviving entity, and in the event of any stock split, stock dividend or other event generally affecting the number of shares of Common Stock held by each person who is then a shareholder of record, the number of shares of Common Stock subject to the Option option granted hereunder and the Exercise Price per share of such Option option shall be adjusted in accordance with section 8.3 of the Plan to account for such event. In the event of any merger, consolidation, or other business reorganization in which the Company is not the surviving entity, any exercisable Option option granted hereunder shall be cancelled or adjusted in accordance with the Plan. In the event that the Company shall declare and pay any dividend with respect to shares of Common Stock (other than a dividend payable in shares of Common Stock) which results in a nontaxable return of capital to the holders of shares of Common Stock for federal income tax purposes, or otherwise than by dividend makes distribution of property to the holders of its shares of Common Stock, at the election of the Committee, the Company shall either (i) make an equivalent payment to each Person holding an outstanding Option as of the record date for such dividend or distribution in accordance with section 8.3 of the Plan or (ii) adjust the Exercise Price per share of outstanding Options in such a manner as the Committee may determine to be necessary to reflect the effect of the dividend or distribution, or (iii) take any other action described in section 8.3(c) of the Plan.