Adjustments Upon Change in Capitalization. If at any time after the date of grant of this option, the Company shall, by stock dividend, split-up, combination, reclassification or exchange, or through merger or consolidation, or otherwise, change its Shares into a different number of kind or class of shares to other securities or property, then the number of shares covered by this option and the price of each such shares shall be proportionately adjusted for any such change by the Board of Directors whose determination shall be conclusive. Any fraction of a share resulting from any adjustment shall be eliminated and the price per share of the remaining shares subject to this option adjusted accordingly.
Appears in 5 contracts
Samples: Non Qualified Stock Option Agreement (Cryo Cell International Inc), Non Qualified Stock Option Agreement (Cryo Cell International Inc), Incentive Stock Option Agreement (Cryo Cell International Inc)
