Common use of Discretionary Adjustment Clause in Contracts

Discretionary Adjustment. The Committee in its sole discretion may make appropriate adjustments in the number and type of securities issuable upon exercise of this Option, in the Option exercise price as to this Option, in the aggregate number and type of securities available for Awards under the Plan, and in the limitations on the number and type of securities that may be issued to an individual Participant to give effect to adjustments made in the number or type of Shares through a Fundamental Change (subject to Section 12(g) of the Plan), recapitalization, reclassification, stock dividend, stock split, stock combination, spin-off or other relevant change in the number and type of Shares of the Company.

Appears in 4 contracts

Samples: Stock Option Agreement (Wilsons the Leather Experts Inc), Wilsons the Leather Experts Inc, Wilsons the Leather Experts Inc

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Discretionary Adjustment. The Committee in its sole discretion may make appropriate adjustments in the number and type of securities issuable upon exercise of this Option, in the Option exercise price as to this Option, in the aggregate number and type of securities available for Awards under the Plan, and in the limitations on the number and type of securities that may be issued to an individual Participant to give effect to adjustments made in the number or type of Shares through a Fundamental Change (subject to Section 12(g) of the Plan), recapitalization, reclassification, stock dividend, stock split, stock combination, spin-off off, or other relevant change in the number and type of Shares of the Company.

Appears in 2 contracts

Samples: Stock Option Agreement (Wilsons the Leather Experts Inc), Wilsons the Leather Experts Inc

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