CHANGES IN THE SHARES Clause Samples

CHANGES IN THE SHARES. In the event of a stock dividend, stock split or combination of shares, recapitalization or other change in the Company's capital stock, any Option Term may be appropriately adjusted by the Board of Directors, whose determination shall be binding on the Executive. The Board of Directors may also adjust any Option Term to take into consideration material changes in accounting practices or principles, consolidations or mergers, acquisitions or dispositions of stock or property or any other event if it is determined by the Board of Directors that such adjustment is appropriate to avoid distortion in the Option Terms.