Common use of Adjustments Upon Changes in Capitalization Clause in Contracts

Adjustments Upon Changes 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 of Common Stock into a different number or kind or class of shares or other securities or property, then the number of shares covered by this option and the price of each such share shall be proportionately adjusted for any such change by the Committee, whose determination shall be conclusive.

Appears in 28 contracts

Samples: Non Incentive Stock Option Agreement (Nexell Therapeutics Inc), Non Incentive Stock Option Agreement (Nexell Therapeutics Inc), Incentive Stock Option Agreement (Nexell Therapeutics Inc)

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Adjustments Upon Changes in Capitalization. If at In the event of any time after change in the date outstanding Common Stock of grant of this option, the Company shallby reason of stock dividends, by stock dividendrecapitalization, mergers, consolidations, split-up, combinationcombinations or exchanges of shares and the like, reclassification or exchange, or through merger or consolidation, or otherwise, change its shares of Common Stock into a different the aggregate number or kind or class of shares or other securities or property, then the number of shares covered by subject to this option and the price of each Award immediately prior to such share event shall be proportionately appropriately adjusted for any such change by the CommitteeBoard of Directors in accordance with the terms of the Plan, whose determination and such adjustment shall be conclusive.

Appears in 3 contracts

Samples: Restricted Stock Agreement (Focus Enhancements Inc), Restricted Stock Agreement (Focus Enhancements Inc), Restricted Stock Agreement (Focus Enhancements Inc)

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