Common use of in Event Clause in Contracts

in Event. After the distribution date, if a person or group already is or becomes an acquiring person, rights will no longer be exercisable for fractional shares of our Series A Junior Participating Preferred Stock. Instead, all holders of rights, except the acquiring person, may exercise their rights upon payment of the purchase price to purchase shares of our common stock (or other securities or assets as determined by the Board) with a market value of two times the purchase price.