Common use of Adjustment to Prevent Dilution Clause in Contracts

Adjustment to Prevent Dilution. In the event of any change in the outstanding shares of Stock by reason of a stock dividend or split, or any combination, recapitalization, or reclassification, the number of unexercised Options hereunder shall be appropriately adjusted by the Company, whose reasonable determination shall be conclusive, provided, however, that the Company may round fractional shares to the nearest whole share.

Appears in 2 contracts

Sources: Employment Agreement (Eco Soil Systems Inc), Employment Agreement (Eco Soil Systems Inc)