Common use of Reclassification, Consolidation or Merger Clause in Contracts

Reclassification, Consolidation or Merger. The number of Option Shares may be adjusted in accordance with the Plan if certain events such as merger, reorganization, consolidation, recapitalization, stock dividends, stock splits, or other changes in the Company's corporate structure affecting its Common Stock occur.

Appears in 6 contracts

Samples: Cryolife Inc, Cryolife Inc, Cryolife Inc

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Reclassification, Consolidation or Merger. The number of Option Shares may be adjusted in accordance with the Plan if certain events such as merger, reorganization, consolidation, recapitalization, stock dividends, stock splits, or other changes in the Company's ’s corporate structure affecting its Common Stock occur.

Appears in 6 contracts

Samples: Cryolife Inc, Cryolife Inc, Cryolife Inc

Reclassification, Consolidation or Merger. The number of Option Shares may be adjusted in accordance with the Plan if certain events such as merger, reorganization, consolidation, recapitalization, stock dividends, stock splits, or other changes in the Company's Corporation’s corporate structure affecting its Common Stock occur.

Appears in 3 contracts

Samples: Cryolife Inc, Cryolife Inc, Cryolife Inc

Reclassification, Consolidation or Merger. The number of Option Shares may be adjusted in accordance with by the Plan Board of Directors if certain events such as merger, reorganization, consolidation, recapitalization, stock dividends, stock splits, or other changes in the Company's ’s corporate structure affecting its Common Stock occur. No adjustments or substitution provided for in this Subsection, however, shall require the Corporation in any Agreement to sell a fractional share, and the total substitution or adjustment herein is and shall be limited accordingly.

Appears in 2 contracts

Samples: Directors Stock Option Agreement and Grant (Cryolife Inc), Form of Directors Stock Option Agreement and Grant (Cryolife Inc)

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Reclassification, Consolidation or Merger. The number of Option Shares may be adjusted in accordance with the Plan if certain events such as merger, reorganization, consolidation, recapitalization, stock dividends, stock splits, or other changes in the Company's corporate structure affecting its Common Stock occur. The options subject to this Agreement shall immediately become vested in the event of a Non-Acquiring Transaction, as defined in Section 5(k) of the Plan.

Appears in 1 contract

Samples: Imnet Systems Inc

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