Common use of Adjustment of Exercise Price, Number and Kind of Shares or Number of Rights Clause in Contracts

Adjustment of Exercise Price, Number and Kind of Shares or Number of Rights. The Exercise Price, the number and kind of shares covered by each Right and the number of Rights outstanding are subject to adjustment from time to time as provided in this Section 11. (i) In the event the Company at any time after the date of this Agreement (A) declares a dividend on the Preferred Stock payable in shares of Preferred Stock, (B) subdivides the outstanding Preferred Stock, (C) combines the outstanding Preferred Stock into a smaller number of shares or

Appears in 1 contract

Sources: Stockholder Rights Agreement

Adjustment of Exercise Price, Number and Kind of Shares or Number of Rights. The Exercise Price, the number and kind of shares securities covered by each Right and the number of Rights outstanding are subject to adjustment from time to time as provided in this Section 11. (i) In the event the Company at any time after the date of this Agreement hereof (A) declares a dividend on the Preferred Common Stock payable in shares of Preferred Common Stock, (B) splits or subdivides the outstanding Preferred Common Stock, (C) combines the outstanding Preferred Common Stock into a smaller number of shares shares, or

Appears in 1 contract

Sources: Rights Agreement