Common use of Adjustment to the Merger Consideration Clause in Contracts

Adjustment to the Merger Consideration. Without limiting the other provisions of this Agreement, including Section 5.1 hereof, the Merger Consideration shall be adjusted appropriately to reflect the effect of any share split, reverse share split, share dividend (including any dividend or distribution of securities convertible into Company Shares), reclassification, combination, exchange of shares or other like change with respect to Company Shares occurring, or with a record date, on or after the date hereof and prior to the Effective Time, and such adjustment to the Merger Consideration shall provide to the holders of Company Shares the same economic effect as contemplated by this Agreement prior to such action.

Appears in 3 contracts

Sources: Merger Agreement (Enzymotec Ltd.), Merger Agreement (Frutarom LTD), Merger Agreement (NeuroDerm Ltd.)