Common use of Adjustment for Stock Splits and Stock Dividends Clause in Contracts

Adjustment for Stock Splits and Stock Dividends. If at any time or from time to time the outstanding shares of Company Common Stock shall be subdivided into a greater number of shares, or a dividend in Company Common Stock or other securities of the Company convertible into or exchangeable for Company Common Stock(in which latter event the number of shares of Company Common Stock issuable upon the conversion or exchange of such securities shall be deemed to have been distributed) shall be paid in respect to the Company Common Stock, the Exchange Rate in effect immediately prior to the subdivision or at the record date of the dividend will, simultaneously with the effectiveness of the subdivision or immediately after the record date of the dividend, be proportionately reduced, and conversely, if the outstanding shares of Company Common Stock shall be combined into a smaller number of shares, the Exchange Rate in effect immediately prior to the combination will, simultaneously with the effectiveness of the combination, be proportionately increased. Any adjustment to the Exchange Rate under this Section 4(b)(i) will become effective at the close of business on the date the subdivision or combination referred to in this Section 4(b)(i) becomes effective.

Adjustment for Stock Splits and Stock Dividends. If at any time or from time to time the outstanding shares of Company Common Stock shall be subdivided into a greater number of shares, or a dividend in Company Common Stock or other securities of the Company convertible into or exchangeable for Company Common Stock(in Stock (in which latter event the number of shares of Company Common Stock issuable upon the conversion or exchange of such securities shall be deemed to have been distributed) shall be paid in respect to the Company Common Stock, the Exchange Rate in effect immediately prior to the subdivision or at the record date of the dividend will, simultaneously with the effectiveness of the subdivision or immediately after the record date of the dividend, be proportionately reduced, and conversely, if the outstanding shares of Company Common Stock shall be combined into a smaller number of shares, the Exchange Rate in effect immediately prior to the combination will, simultaneously with the effectiveness of the combination, be proportionately increased. Any adjustment to the Exchange Rate under this Section 4(b)(i) will become effective at the close of business on the date the subdivision or combination referred to in this Section 4(b)(i) becomes effective.