Common use of Subdivision or Consolidation Clause in Contracts

Subdivision or Consolidation. Subject to any required action by shareholders of the Company, the number of Shares covered by each outstanding Option, and the exercise price thereof, shall be proportionately adjusted for any increase or decrease in the number of issued Shares of the Company resulting from a subdivision or consolidation of Shares, including, but not limited to, a stock split, reverse stock split, recapitalization, continuation or reclassification, or the payment of a stock dividend (but only on all outstanding Shares) or any other increase or decrease in the number of such Shares effected without receipt of consideration by the Company. Any fraction of a Share subject to Option that would otherwise result from an adjustment pursuant to this Section shall be rounded downward to the next full number of Shares without other compensation or consideration to the holder of such option.

Subdivision or Consolidation. Subject to any required action by shareholders of the CompanyCorporation, the number of Shares shares of Stock covered by each outstanding Optionoption, and the exercise price thereof, shall be proportionately adjusted for any increase or decrease in the number of issued Shares shares of Stock of the Company Corporation resulting from a subdivision or consolidation of Sharesshares, including, but not limited to, a stock split, reverse stock split, recapitalization, continuation or reclassification, or the payment of a stock dividend (but only on all outstanding Sharesthe Stock) or any other increase or decrease in the number of such Shares shares effected without receipt of consideration by the CompanyCorporation. Any fraction of a Share share subject to Option option that would otherwise result from an adjustment pursuant to this Section shall be rounded downward to the next full number of Shares shares without other compensation or consideration to the holder of such option.

Subdivision or Consolidation. Subject to any required action by shareholders of the Company, the number of Shares shares of Common Stock covered by each outstanding Optionthe Option SAR, and the exercise price Exercise Price thereof, shall be proportionately adjusted for any increase or decrease in the number of issued Shares shares of Common Stock of the Company resulting from a subdivision or consolidation of Sharesshares, including, but not limited to, a stock split, reverse stock split, recapitalization, continuation or reclassification, or the payment of a stock dividend (but only on all outstanding Shares) or any other increase or decrease in the number of such Shares shares effected without receipt of consideration by the Company. Any fraction of a Share share subject to the Option that would otherwise result from an adjustment pursuant to this Section shall be rounded downward upward to the next full number of Shares shares without other compensation or consideration to the holder of such option.Executive

Subdivision or Consolidation. Subject to any required action by shareholders of the CompanyCorporation, the number of Shares shares of stock covered by each outstanding this Option, and the exercise price thereof, shall be proportionately adjusted for any increase or decrease in the number of issued Shares shares of stock of the Company Corporation resulting from a subdivision or consolidation of Sharesshares, including, but not limited to, a stock split, reverse stock split, recapitalization, continuation or reclassification, or the payment of a stock dividend (but only on all outstanding Sharesthe stock) or any other increase or decrease in the number of such Shares shares effected without receipt of consideration by the CompanyCorporation. Any fraction of a Share share subject to this Option that would otherwise result from an adjustment pursuant to this Section shall be rounded downward to the next full number of Shares shares without other compensation or consideration to the holder of such optionthis Option.