Common use of Adjustment Provision Clause in Contracts

Adjustment Provision. In the event that any recapitalization, or reclassification, split-up, stock dividend or consolidation of shares of Common Stock shall be affected, or the outstanding shares of Common Stock are, in connection with a merger or consolidation of the Corporate Group or a sale by the Corporate Group of all or part of its assets, exchanged for a different number or class of shares of stock or other securities of any other corporation, or new, different or additional shares or other securities of the Corporate Group or of another corporation are received by the holder of Common Stock or any distribution is made to the holders of Common Stock other than a cash dividend, (a) the number and class of shares or other securities that may be issued or transferred and (b) the option price shall in each case be proportionately adjusted as the board of directors, in the reasonable exercise of its discretion, determine.

Adjustment Provision. In the event that any recapitalization, or reclassification, split-up, stock dividend or consolidation of shares of Common Stock shall be affected, or the outstanding shares of Common Stock are, in connection with a merger or consolidation of the Corporate Group Company or a sale by the Corporate Group Company of all or a part of its assets, exchanged for a different number or class of shares of stock or other securities of any other corporation, or new, different or additional shares or other securities of the Corporate Group Company or of another corporation are received by the holder of Common Stock or any distribution is made to the holders of Common Stock other than a cash dividend, (a) the number and class of shares or other securities that may be issued or transferred and (b) the option price shall in each case be proportionately adjusted as the board of directorsdirectors of the Company, in the reasonable exercise of its discretion, determine.