Common use of Adjustment in Certain Events Clause in Contracts

Adjustment in Certain Events. (a) In the event of any stock dividend or stock split, the Company (subject to any required action by the shareholders of the Company) shall make such equitable adjustments as are necessary and appropriate to protect the Option from dilution in the number, kind and the exercise price of the Option Shares underlying the Option; provided, however, that the Company shall not be required to make any such adjustments in the event of a change which does not result in a dilution of at least ten percent (10%) in the number or exercise price of the Option Shares. (b) Except as expressly provided by Section 6(a), the Company shall be under no obligation to make any adjustments to the Option in the event of any other changes involving the Company's capital structure, including, but not limited to, merger, consoli dation, dissolution, liquidation, sale of assets or sa▇▇ ▇▇ ▇edemption of capital stock. Furthermore, this Agreement shall not in any way limit or affect the right of the Company to make such changes in its capital structure.

Adjustment in Certain Events. (a) In the event of any stock dividend or stock split, the Company (subject to any required action by the shareholders of the Company) shall make such equitable adjustments as are necessary and appropriate to protect the Option from dilution in the number, kind and the exercise price of the Option Shares underlying the Option; provided, however, that the Company shall not be required to make any such adjustments in the event of a change which does not result in a dilution of at least ten percent (10%) in the number or exercise price of the Option Shares. (b) Except as expressly provided by Section 6(a), the Company shall be under no obligation to make any adjustments to the Option in the event of any other changes involving the Company's capital structure, including, but not limited to, merger, consoli dationconsolidation, dissolution, liquidation, sale of assets or sa▇▇ ▇▇ ▇edemption sale or redemption of capital stock. Furthermore, this Agreement shall not in any way limit or affect the right of the Company to make such changes in its capital structure.

Adjustment in Certain Events. (a) In the event of any stock dividend or stock split, the Company (subject to any required action by the shareholders of the Company) shall make such equitable adjustments as are necessary and appropriate to protect the Option from dilution in the number, kind and the exercise price of the Option Shares underlying the Option; provided, however, that the Company shall not be required to make any such adjustments in the event of a change which does not result in a dilution of at least ten percent (10%) in the number or exercise price of the Option Shares. (b) Except as expressly provided by Section 6(a), the Company shall be under no obligation to make any adjustments to the Option in the event of any other changes involving the Company's capital structure, including, but not limited to, merger, consoli dation, dissolution, liquidation, sale of assets or sas▇▇▇ ▇▇ ▇edemption redemption of capital stock. Furthermore, this Agreement shall not in any way limit or affect the right of the Company to make such changes in its capital structure.

Adjustment in Certain Events. (a) In the event of any stock dividend or stock split, the Company (subject to any required action by the shareholders of the Company) shall make such equitable adjustments as are necessary and appropriate to protect the Option from dilution in the number, kind and the exercise price of the Option Shares underlying the Option; provided, however, that the Company shall not be required to make any such adjustments in the event of a change which does not result in a dilution of at least ten percent (10%) in the number or exercise price of the Option Shares. (b) Except as expressly provided by Section 6(a), the Company shall be under no obligation to make any adjustments to the Option in the event of any other changes involving the Company's capital structure, including, but not limited to, merger, consoli dation, dissolution, liquidation, sale of assets or sa▇sal▇ ▇▇ ▇edemption ▇demption of capital stock. Furthermore, this Agreement shall not in any way limit or affect the right of the Company to make such changes in its capital structure.

Adjustment in Certain Events. (a) In the event of any stock dividend or stock split, the Company (subject to any required action by the shareholders of the Company) shall make such equitable adjustments as are necessary and appropriate to protect the Option from dilution in the number, kind and the exercise price of the Option Shares underlying the Option; provided, however, that the Company shall not be required to make any such adjustments in the event of a change which does not result in a dilution of at least ten percent (10%) in the number or exercise price of the Option Shares. (b) Except as expressly provided by Section 6(a), the Company shall be under no obligation to make any adjustments to the Option in the event of any other changes involving the Company's capital structure, including, but not limited to, merger, consoli dation, dissolution, liquidation, sale of assets or sasale ▇▇ ▇▇ ▇edemption ▇emption of capital stock. Furthermore, this Agreement shall not in any way limit or affect the right of the Company to make such changes in its capital structure.

Adjustment in Certain Events. (a) In the event of any stock dividend or stock split, the Company (subject to any required action by the shareholders of the Company) shall make such equitable adjustments as are necessary and appropriate to protect the Option from dilution in the number, kind and the exercise price of the Option Shares underlying the Option; provided, however, that the Company shall not be required to make any such adjustments in the event of a change which does not result in a dilution of at least ten percent (10%) in the number or exercise price of the Option Shares. (b) Except as expressly provided by Section 6(a), the Company shall be under no obligation to make any adjustments to the Option in the event of any other changes involving the Company's capital structure, including, but not limited to, merger, consoli dation, dissolution, liquidation, sale of assets assets, or sa▇sale or redemption o▇ ▇▇ ▇edemption of capital ▇▇▇al stock. Furthermore, this Agreement shall not in any way limit or affect the right of the Company to make such changes in its capital structure.