Common use of Certain Corporate Transactions Clause in Contracts

Certain Corporate Transactions. In the event of any change in the ------------------------------ Common Stock by reason of a stock split, stock dividend, combination or reclassification of shares, recapitalization, merger, or similar event the Committee may adjust proportionately the number of shares and the stock price of the Common Stock subject to this Option. In the event of any other change affecting the Common Stock or any distribution (other than normal cash dividends) to holders of Common Stock, the Committee may make such adjustments as it may deem equitable (including adjustments to avoid fractional shares) in order to give proper effect to such event. In the event of a corporate merger, consolidation, acquisition of property or stock, spin-off, reorganization or liquidation, the Committee may substitute a new option for this Option or provide for the assumption of this Option by the other corporation that is a party to the transaction.

Appears in 4 contracts

Samples: Grant Agreement (Mattel Inc /De/), Grant Agreement (Mattel Inc /De/), Mattel Inc /De/

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Certain Corporate Transactions. In the event of any change in the ------------------------------ Common Stock by reason of a stock split, stock dividend, combination or reclassification of shares, recapitalization, merger, or similar event event, the Committee may adjust proportionately the number of shares and the stock price of the Common Stock subject to this Option. In the event of any other change affecting the Common Stock or any distribution (other than normal cash dividends) to holders of Common Stock, the Committee may make such adjustments as it may deem equitable (including adjustments to avoid fractional shares) in order to give proper effect to such event. In the event of a corporate merger, consolidation, acquisition of property or stock, spin-offspinoff, reorganization or liquidation, the Committee may substitute a new option for this Option or provide for the assumption of this Option by the other corporation that is a party to the transaction.

Appears in 2 contracts

Samples: Mattel Inc /De/, Mattel Inc /De/

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Certain Corporate Transactions. In the event of any change in ------------------------------ the ------------------------------ Common Stock by reason of a stock split, stock dividend, combination or reclassification of shares, recapitalization, merger, or similar event the Committee may adjust proportionately the number of shares and the stock price of the Common Stock subject to this Option. In the event of any other change affecting the Common Stock or any distribution (other than normal cash dividends) to holders of Common Stock, the Committee may make such adjustments as it may deem equitable (including adjustments to avoid fractional shares) in order to give proper effect to such event. In the event of a corporate merger, consolidation, acquisition of property or stock, spin-off, reorganization or liquidation, the Committee may substitute a new option for this Option or provide for the assumption of this Option by the other corporation that is a party to the transaction.

Appears in 1 contract

Samples: Mattel Inc /De/

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