Common use of PURCHASABLE Clause in Contracts

PURCHASABLE. The Exercise Price and the number of Shares purchasable upon the exercise of the Option are subject to adjustment by action both of the Board of Directors of the Company from time to time as provided in this Section 7.

Appears in 2 contracts

Sources: Settlement Agreement (Acacia Research Corp), Non Transferable, Nonqualified Stock Option Agreement (Acacia Research Corp)