Common use of Dividends, Mergers, Etc Clause in Contracts

Dividends, Mergers, Etc. (a) In the event of a stock split or exchange, stock dividend, combination of shares, or any other similar change in the Common Stock of the Company as a whole ("Stock Event"), the Board of Directors of the Company shall make equitable, proportionate adjustments in the number and kind of shares covered by the Option and in the option price thereunder, as it deems necessary in order to preserve the Employee's proportionate interest in the Company and to maintain the aggregate option price.

Dividends, Mergers, Etc. (a) In the event of a stock split or exchange, stock dividend, combination of shares, or any other similar change in the Common Stock of the Company as a whole ("Stock Event"), the Board of Directors of the Company shall make equitable, proportionate adjustments in the number and kind of shares covered by Options granted prior to the Option Stock Event and in the option price thereunder, as it deems necessary in order necessary. Notwithstanding the foregoing, the Board of Directors shall not be required to preserve change the Employee's proportionate interest in the Company and to maintain the aggregate option price.Option Rate after any Stock Event