Adjustments upon Certain Transactions. The Exercise Price and the number of shares of Common Stock issuable upon exercise of the Warrant shall be adjusted in the event the Company (i) pays a dividend or makes any other distribution with respect to its Common Stock solely in shares of its Common Stock, (ii) subdivides or reclassifies its outstanding shares of Common Stock into a greater number of shares or (iii) combines or reclassifies its outstanding shares of Common Stock into a smaller number of shares. In such event, the number of shares of Common Stock issuable upon exercise of the Warrant immediately prior to the record date for such dividend or distribution or the effective date of such subdivision, combination or reclassification shall be proportionately adjusted so that the Warrantholder shall thereafter be entitled to receive the number of shares of Common Stock that such Warrantholder would have owned or have been entitled to receive after the happening of any of the events described above, had such Warrant been exercised immediately prior to the happening of such event or any record date with respect thereto. In such event, the Exercise Price shall be adjusted so that it shall equal the product of the Exercise Price immediately prior to such adjustment multiplied by a fraction, the numerator of which shall be the number of shares of Common Stock issuable upon the exercise of the Warrant immediately prior to such adjustment, and the denominator of which shall be the number of shares of Common Stock so issuable immediately thereafter. Such adjustment shall become effective immediately after the effective date of such event. For avoidance of doubt, the adjustment contemplated by this section can be expressed by formula as follows: Ua = Ub x Oa Ob Pa = Pb x Ob Oa Where: Ub = shares underlying the Warrant before the adjustment Ua = shares underlying the Warrant after the adjustment Pb = exercise price per share before the adjustment Pa = exercise price per share after the adjustment Ob = shares outstanding before the transaction in question Oa = shares outstanding after the transaction in question
Adjustments upon Certain Transactions. In the event of a Transaction, the provisions of Section 10.2 of the Plan will apply, unless otherwise explicitly provided in the Notice of Option Grant.
Adjustments upon Certain Transactions. If the Company subdivides its outstanding Common Stock or combines its outstanding Common Stock into a smaller number of shares, then the Conversion Amount shall be adjusted as if such subdivision or combination applied to the shares represented by the Conversion Amount.
Adjustments upon Certain Transactions. If, at any time after the Issuance Date, the Company (i) pays a dividend or makes any other distribution with respect to the Underlying Stock solely in Underlying Stock; (ii) subdivides the issued Underlying Stock; or (iii) combines the issued Underlying Stock into a smaller number of shares, then the Exercise Price shall be adjusted by multiplying the Exercise Price in effect immediately prior to such adjustment by a fraction, (i) the numerator of which shall be the aggregate number of shares of Underlying Stock issued immediately prior to such dividend, distribution, subdivision or combination, and the (ii) denominator of which shall be the aggregate number of shares of Underlying Stock issued immediately after such dividend, distribution, subdivision or combination, and the product so obtained shall thereafter be the Exercise Price. Such adjustment shall become effective immediately after the effective date of such event retroactive to the record date, if any, for such event.
Adjustments upon Certain Transactions. In the event of a Transaction, the provisions of Section 7 to the Plan will apply, unless otherwise explicitly provided in the Notice of Issuance.
Adjustments upon Certain Transactions. (a) If, at any time prior to the exercise in full of the Warrants, the Company shall (i) pay a dividend or make any other distribution with respect to shares of any class of its Ordinary Shares then included in the Warrant Shares in shares of that class of its Ordinary Shares, (ii) subdivide the outstanding shares of any class of its Ordinary Shares then included in the Warrant Shares into a greater number of shares in that class, or (iii) combine the outstanding shares of any class of its Ordinary Shares then included in the Warrant Shares into a smaller number of shares in that class, then the number of Ordinary Shares of such class included in each Warrant Share immediately prior to the record date for such dividend, distribution, subdivision or combination shall be adjusted so that Holder shall after such event be entitled to purchase the number of Ordinary Shares that Holder would have owned or have been entitled to receive after the happening of any of the events described above, had its Warrants been exercised immediately prior to such record date or event, as the case may be. Any adjustment required by this Section 4.1(a) shall be made successively immediately after the effective date of such event whenever any event in this Section 4.1(a) shall occur, to allow the purchase of such aggregate number and kind of shares to which Holder may be entitled. For the avoidance of doubt, the number of Ordinary Shares included in the “basket” of Warrant Shares to be delivered to Holder upon exercise of a Warrant shall be increased or decreased, as applicable, pursuant to this Section 4.1(a), such that the payment of the Exercise Price for a Warrant Share immediately following such adjustment will result in the purchase of the same number and classes of Ordinary Shares that would have been held by Holder if Holder had exercised the Warrant immediately prior to the event triggering the adjustment.
Adjustments upon Certain Transactions. The Exercise Price and Warrant Share Number shall be adjusted pursuant to the formulas below in the event the Company (i) pays a dividend or makes any other distribution with respect to its Common Stock solely in shares of its Common Stock,
Adjustments upon Certain Transactions. The Exercise Price and the number of shares of Common Stock underlying one Warrant (initially, one share, the “Warrant Share Number”) shall be adjusted pursuant to the formulas below in the event Issuer (i) pays a dividend or makes any other distribution with respect to its Common Stock solely in shares of its Common Stock, (ii) subdivides or reclassifies its outstanding shares of Common Stock into a greater number of shares or (iii) combines or reclassifies its outstanding shares of Common Stock into a smaller number of shares.
Adjustments upon Certain Transactions. The Exercise Price and Warrant Share Number shall be adjusted pursuant to the formulas below in the event the Company (i) pays a dividend or makes any other distribution with respect to its Common Stock solely in shares of its Common Stock, (ii) subdivides or reclassifies its outstanding shares of Common Stock into a greater number of shares or (iii) combines or reclassifies its outstanding shares of Common Stock into a smaller number of shares. Such adjustments shall become effective (x) in the case of clause (i) above, at the open of business on the ex-date for such dividend or distribution or (y) in the case of clause (ii) or (iii) above, at the open of business on the effective date of such event. In the event that a dividend or distribution described in clause (i) above is not so paid or made, the Exercise Price and the Warrant Share Number shall be readjusted, effective as of the date when the Board of Directors determines not to make such dividend or distribution, as the case may be, to be the Exercise Price and the Warrant Share Number that would be in effect if such dividend or distribution had not been declared. Ua = Ub x Oa Ob Pa = Pb x Ob Oa Where: Ub = Warrant Share Number before the adjustment Ua = Warrant Share Number after the adjustment Pb = Exercise Price before the adjustment Pa = Exercise Price after the adjustment Ob = Number of shares of Common Stock outstanding immediately before the transaction in question Oa = Number of shares of Common Stock outstanding immediately after the transaction in question
Adjustments upon Certain Transactions. In the event of corporate transactions, the provisions of Section 3.2 of the Plan will apply, unless otherwise explicitly provided in the Notice of Option Grant.
