Dividends in Stock Clause Samples

Dividends in Stock. If a stock dividend is paid on any Stock held by any party to this Agreement, or if any Stock held by any party to this Agreement is exchanged for Stock of a different class or series, or for voting trust certificates evidencing any beneficial interest in such Stock, or if any other event (such as a stock split, reclassification, or similar event) shall occur that any Holders shall receive additional or replacement Securities (whether of the same or a different class or series), then such Securities of the same or a different class or series, or such voting trust certificates, as the case may be, shall thereupon become subject to the provisions of the Agreement upon the same terms and conditions as the Stock originally covered by this Agreement.

Dividends in Stock. Property. Reclassification. if, at any time while the Series B Preferred Stock is outstanding, the holders of Common Stock (or any shares of stock or other securities at the time receivable upon the conversion of the Series B Preferred Stock) shall have received or become entitled to receive, without payment therefore: (i) any shares of stock or other securities that are at any time directly or indirectly convertible into or exchangeable for Common Stock, or any rights or options to subscribe for, purchase or otherwise acquire any of the foregoing by way of dividend or other distribution, or (ii) additional stock or other securities or property (other than cash in respect of which shall be covered by the terms of Section 3(c) above) by way of spin-off, split-up, reclassification, combination of shares or similar corporate rearrangement (other than shares of Common Stock issued as a stock split or adjustments in respect of which shall be covered by the terms of Section 6(a) above), then and in each such case, the Series B Conversion Price shall be adjusted proportionately, and the Holder hereof shall, upon the conversion of the Series B Preferred Stock, be entitled to receive, in addition to the number of shares of Common Stock receivable thereupon, and without payment of any additional consideration therefor, the amount of stock and other securities and property that such Holder would hold on the date of such exercise had such Holder been the holder of record of such Common Stock as of the date on which holders of Common Stock received or became entitled to receive such shares or all other additional stock and other securities and property. The Series B Conversion Price, as so adjusted, shall be readjusted in the same manner upon the happening of any successive event or events described in this Section 6(b).