Common use of DISTRIBUTION OF SECURITIES Clause in Contracts

DISTRIBUTION OF SECURITIES. In case the Company shall at any time after the date hereof pay a dividend in shares of Common Stock or make any issuance or distribution in shares of Common Stock or any securities convertible into or exercisable or exchangeable for Common Stock (other than securities to employees of the Company pursuant to an employee stock purchase or option plan that has been approved by the Company's stockholders in which non-executive employees are eligible to participate), then upon such dividend or distribution, the holder of Warrants shall receive the amount of such dividend in shares of Common Stock or the amount of such other distribution in shares of Common Stock which would have otherwise been payable to such holder if it been the holder of record of Common Stock issuable upon exercise of its Warrant on the record date for the determination of those entitled to such stock dividend or distribution.

DISTRIBUTION OF SECURITIES. In case the Company shall at any time after the date hereof pay a dividend in shares of Common Stock common stock or make any issuance or distribution in shares of Common Stock common stock or any securities convertible into or exercisable or exchangeable for Common Stock common stock (other than securities to employees of the Company pursuant to an employee stock purchase or option plan that has been approved by the Company's stockholders in which non-executive employees are eligible to participate), then upon such dividend or distribution, the holder of Representative's Warrants shall receive the amount of such dividend in shares of Common Stock common stock or the amount of such other distribution in shares of Common Stock common stock which would have otherwise been payable to such holder if it had been the holder of record of Common Stock common stock issuable upon exercise of its Representative's Warrant on the record date for the determination of those entitled to such stock dividend or distribution.

DISTRIBUTION OF SECURITIES. In case the Company shall at any time after the date hereof pay a dividend in shares of Common Stock common stock or make any issuance or distribution in shares of Common Stock common stock or any securities convertible into or exercisable or exchangeable for Common Stock common stock (other than securities to employees of the Company pursuant to an employee stock purchase or option plan that has been approved by the Company's stockholders in which non-executive employees are eligible to participate), then upon such dividend or distribution, the holder of Representative's Warrants shall receive the amount of such dividend in shares of Common Stock common stock or the amount of such other distribution in shares of Common Stock common stock which would have otherwise been payable to such holder if it been the holder of record of Common Stock common stock issuable upon exercise of its Representative's Warrant on the record date for the determination of those entitled to such stock dividend or distribution.