Common use of Rights to Subscribe Clause in Contracts

Rights to Subscribe. If at any time RNET grants to the holders of its Common Stock generally rights to subscribe pro rata for additional shares thereof or for any other securities of RNET or any other corporation at a price below the then fair market value thereof, then there shall be added to the number of shares subject to the Option the number of shares of Common Stock or other securities that Option Holder would have been entitled to subscribe for if, immediately prior to such grant, Option Holder had exercised the Option in full, and the Option Price shall be increased by the amount of the price that would have been payable by Option Holder for such Common Stock or other securities.

Appears in 1 contract

Samples: Form of Non Qualified Stock Option Agreement (Recovery Network Inc)

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