Common use of Number of Incentive Shares Adjusted Clause in Contracts

Number of Incentive Shares Adjusted. Upon any adjustment of the Purchase Price other than pursuant to Paragraph (F)(1) hereof, the Executive shall thereafter (until another such adjustment) be entitled to purchase, at the new Purchase Price, the number of shares, calculated to the nearest full share, obtained by multiplying the number of shares of Common Stock initially issuable upon achieving any Milestone by the Purchase Price in effect on the date hereof and dividing the product so obtained by the new Purchase Price.

Appears in 2 contracts

Samples: Employment Agreement (Celsion Corp), Employment Agreement (Celsion Corp)

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Number of Incentive Shares Adjusted. Upon any adjustment of the Purchase Price other than pursuant to Paragraph (F)(1) hereof, the Executive shall thereafter (until another such adjustment) be entitled to purchase, at the new Purchase Price, the number of shares, calculated to the nearest full share, obtained by multiplying the number of shares of Common Stock initially issuable upon achieving any Milestone by the Purchase Price in effect on the date hereof hereof, and dividing the product products so obtained by the new Purchase Price.

Appears in 2 contracts

Samples: Employment Agreement (Celsion Corp), Employment Agreement (Celsion Corp)

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