Common use of Stock Combinations Clause in Contracts

Stock Combinations. If the Company combines all of the outstanding Common Stock proportionately into a smaller number of shares, the Exercise Price per Option Share hereunder in effect immediately prior to such combination will be proportionately increased and the number of Option Shares issuable to the Holder upon exercise of this Option will be proportionately decreased, as of the effective date of such combination.

Appears in 3 contracts

Samples: Option Agreement (Nextel Communications Inc), Option Agreement (Nextel Communications Inc), Option Agreement (Nextel Communications Inc)

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Stock Combinations. If In case the Company combines shall combine all of the outstanding Common Stock proportionately into a smaller number of shares, the Exercise Price per Option Share hereunder in effect immediately prior to such combination will shall be proportionately increased and the number of Option Shares issuable to the Holder upon exercise of this Option will shall be proportionately decreased, as of the effective date of such combination.

Appears in 1 contract

Samples: Option Agreement (Nextel Communications Inc)

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