Recapitalization. Subject to any required action by the shareholders of the Company, the number of Shares covered by this Option, and the Exercise Price thereof, shall be proportionately adjusted for any increase or decrease in the number of issued shares resulting from a subdivision or consolidation of shares or the payment of a stock dividend.
Appears in 21 contracts
Samples: Stock Option Agreement (ID Global Solutions Corp), Stock Option Agreement (Gopher Protocol Inc.), Stock Option Agreement (Gopher Protocol Inc.)
Recapitalization. 10.1 Subject to any required action by the shareholders of the Company, the number of Shares covered by this Option, and the Exercise Price thereof, shall be proportionately adjusted for any increase or decrease in the number of issued shares Common Shares resulting from a subdivision or consolidation of shares Common Shares or the payment of a stock dividend, or any other increase or decrease in the number of such Common Shares effected without receipt of consideration by the Company; provided however that the conversion of any convertible securities of the Company shall not be deemed having been “effected without receipt of consideration by the Company.”
Appears in 8 contracts
Samples: Nonstatutory Stock Option Agreement (MANAS PETROLEUM Corp), Stock Option Agreement (MANAS PETROLEUM Corp), Nonstatutory Stock Option Agreement (MANAS PETROLEUM Corp)
Recapitalization. Subject to any required action by the shareholders of the Company, the number of Shares covered by this Option, and the Exercise Price thereof, shall be proportionately adjusted for any increase or decrease in the number of issued shares resulting from a subdivision or consolidation of shares or the payment of a stock dividend, or any other increase or decrease in the number of such shares effected without receipt of consideration by the Company; provided however that the conversion of any convertible securities of the Company shall not be deemed having been "effected without receipt of consideration by the Company."
Appears in 4 contracts
Samples: Stock Option Agreement (AMP Holding Inc.), Stock Option Agreement (AMP Holding Inc.), Stock Option Agreement (AMP Holding Inc.)
Recapitalization. (a) Subject to any required action by the shareholders of the Company, the number of Shares covered by this Option, and the Exercise Price thereof, shall be proportionately adjusted automatically for any increase or decrease in the number of issued shares resulting from a subdivision or consolidation of shares or the payment of a stock dividend, or any other increase or decrease in the number of such shares effected without receipt of consideration by the Company; provided however that the conversion of any convertible securities of the Company shall not be deemed to have been “effected without receipt of consideration by the Company.”
Appears in 3 contracts
Samples: Stock Option Agreement (WindTamer Corp), Stock Option Agreement (WindTamer Corp), Stock Option Agreement (WindTamer Corp)
Recapitalization. Subject to any required action by the shareholders of the Company, the number of Shares covered by this Option, and the Exercise Price thereof, shall be proportionately adjusted for any increase or decrease in the number of issued shares resulting from a subdivision or consolidation of shares or the payment of a stock dividend, or any other increase or decrease in the number of such shares effected without receipt of consideration by the Company; provided however that the conversion of any convertible securities of the Company shall not be deemed having been "effected without receipt of consideration by the Company".
Appears in 2 contracts
Samples: Incentive Stock Option Agreement (Santeon Group, Inc.), Nonstatutory Stock Option Agreement (Global Axcess Corp)
Recapitalization. Subject to any required action by the shareholders stockholders of the Company, the number of Shares covered by this which may be purchased at any time under the Option, and the Exercise Price thereofprice per share therefor, shall be proportionately adjusted for any increase or decrease in the number of issued shares resulting from a subdivision or consolidation of shares or the payment of a stock dividend.the
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Recapitalization. Subject to any required action by the shareholders of the Company, the number of Shares covered by this Option, and the Exercise Price thereof, shall be proportionately adjusted for any increase or decrease in the number of issued shares resulting from a subdivision or consolidation of shares or the payment of a stock dividendshares.
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