Common use of Adjustments to Number of Shares Clause in Contracts

Adjustments to Number of Shares. In the event of any change in the shares of Common Stock by reason of any stock dividend, recapitalization, reorganization merger, consolidation, split-up, combination, or exchange of such shares at a price substantially below fair market value, or rights offering to purchase such shares, or of any similar change affecting such shares of Common Stock, the number and kind of Option Shares subject to this Option and the Option Price shall be appropriately adjusted to prevent substantial dilution or enlargement of the rights granted to Xxxxxx hereunder.

Appears in 3 contracts

Samples: Compensation Option Agreement (Checkpoint Systems Inc), Compensation Option Agreement (Checkpoint Systems Inc), Compensation Option Agreement (Checkpoint Systems Inc)

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Adjustments to Number of Shares. In the event of any change in the shares of Common Stock by reason of any stock dividend, recapitalization, reorganization merger, consolidation, split-up, combination, or exchange of such shares at a price substantially below fair market value, or rights offering to purchase such shares, or of any similar change affecting such shares of Common Stock, the number and kind of Option Shares subject to this Option and the Option Price shall be appropriately adjusted to prevent substantial dilution or enlargement of the rights granted to Xxxxxx Locker hereunder.

Appears in 1 contract

Samples: Compensation Option Agreement (Checkpoint Systems Inc)

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