Common use of Adjustments in Option Clause in Contracts

Adjustments in Option. (a) In the event that the outstanding shares of the stock subject to the Option are changed into or exchanged for a different number or kind of shares of the Company or other securities of the Company, or of another corporation, by reason of reorganization, merger, consolidation, recapitalization, reclassification, stock splitup, stock dividend or combination of shares, the Committee may, in its sole discretion, make an adjustment in the number and kind of shares as to which the Option, or portions thereof then unexercised, shall be exercisable, to the end that after such event the Optionee’s proportionate interest shall be maintained as before the occurrence of such event. Such adjustment in the Option may include any necessary corresponding adjustment in the Option price per share, but shall be made without change in the total price applicable to the unexercised portion of the Option (except for any change in the aggregate price resulting from rounding-off of share quantities or prices). Any such adjustment made by the Committee shall be final and binding upon the Optionee, the Company and all other interested persons.

Adjustments in Option. (a) In the event that the outstanding shares of the stock subject to the Option are changed into or exchanged for a different number or kind of shares of the Company or other securities of the Company, or of another corporation, Company by reason of reorganization, merger, consolidation, recapitalization, reclassification, stock splitupsplit-up, stock dividend dividend, or combination of shares, the Committee may, in its sole discretion, Board shall make an appropriate and equitable adjustment in the number and kind of shares as to which the Option, or portions thereof then unexercised, shall be exercisable, to . Such adjustment shall be made with the end intent that after such event the change or exchange of shares, the Optionee’s proportionate interest shall be maintained as before the occurrence of such event. Such adjustment in the Option may include any a necessary corresponding adjustment in the Option option price per share, but shall be made without change in the total price applicable to the unexercised portion of the Option (except for any change in the aggregate price resulting from rounding-off of share quantities or prices). Any such adjustment made by the Committee shall be final and binding upon the Optionee, the Company and all other interested persons.

Adjustments in Option. 4 5 (a) In the event that the outstanding shares of the stock subject to the Option are changed into or exchanged for a different number or kind of shares of the Company or other securities of the Company, or of another corporation, by reason of reorganization, merger, consolidation, recapitalization, reclassification, stock splitupsplit up, stock dividend or combination of shares, the Committee may, in its sole discretion, shall make an appropriate and equitable adjustment in the number and kind of shares as to which the Option, or portions thereof then unexercised, shall be exercisable, to the end that after such event the Optionee’s 's proportionate interest shall be maintained as before the occurrence of such event. Such adjustment in the Option may include any necessary corresponding adjustment in the Option price per share, but shall be made without change in the total price applicable to the unexercised portion of the Option (except for any change in the aggregate price resulting from rounding-off of share quantities or prices). Any such adjustment made by the Committee shall be final and binding upon the Optionee, the Company and all other interested persons.

Adjustments in Option. (a) In the event that the outstanding shares of the stock subject to the Option are changed into or exchanged for a different number or kind of shares of the Company or other securities of the Company, or of another corporation, Company by reason of reorganization, merger, consolidation, recapitalization, reclassification, stock splitupsplit-up, stock dividend dividend, or combination of shares, the Committee may, in its sole discretion, shall make an appropriate and equitable adjustment in the number and kind of shares as to which the Option, or portions thereof then unexercised, shall be exercisable, to . Such adjustment shall be made with the end intent that after such event the Optionee’s change or exchange of shares, the Employee's proportionate interest shall be maintained as before the occurrence of such event. Such adjustment in the Option may include any a necessary corresponding adjustment in the Option option price per share, but shall be made without change in the total price applicable to the unexercised portion of the Option (except for any change in the aggregate price resulting from rounding-off of share quantities or prices). Any such adjustment made by the Committee shall be final and binding upon the Optionee, the Company and all other interested persons.

Adjustments in Option. (a) In the event that the outstanding shares of the stock Common Stock subject to the Option are changed into or exchanged for a different number or kind of shares of the Company or other securities of the Company, or of another corporation, Company by reason of reorganization, merger, consolidation, recapitalization, reclassification, stock splitupsplit-up, stock dividend or dividend, combination of shares, rights offering, issuance of warrants or otherwise, the Committee mayshall make a reasonable, in its sole discretion, make an appropriate and equitable adjustment in the number and kind of shares as to which the Option, or portions thereof then unexercised, shall be exercisable, to the end that after such event the Optionee’s Participant's proportionate interest shall be maintained as before the occurrence of such event. Such adjustment in the Option may include any necessary corresponding adjustment in the Option price per share, but shall be made without change in the total price applicable to the Option or the unexercised portion of the Option (except for any change in the aggregate price resulting from rounding-rounding off of share quantities or prices)) and with any necessary corresponding adjustment in the price per share of the shares of Common Stock covered by the Option. Any such adjustment made by the Committee shall be final and binding upon the OptioneeParticipant, the Company and all other interested persons.

Adjustments in Option. (a) In the event that the outstanding shares of the stock subject to the Option are changed into or exchanged for a different number or kind of shares of the Company or other securities of the Company, or of another corporation, Company by reason of reorganization, merger, consolidation, recapitalization, reclassification, stock splitupsplit up, stock dividend or combination of shares, the Committee mayshall, in its sole discretionsubject to Section 4.7 of the Plan, make an appropriate and equitable adjustment in the number and kind of shares as to which the Option, or portions thereof then unexercised, shall be exercisable, to the end that after such event the Optionee’s 's proportionate interest shall shall, be maintained as before the occurrence of such event. Such adjustment in the Option may include any necessary corresponding adjustment in the Option price per share, but shall be made without change in the total price applicable to the unexercised portion of the Option (except for any change in the aggregate price resulting from rounding-off of share quantities or prices)) and with any necessary corresponding adjustment in the Option price per share. Any such adjustment made by the Committee shall be final and binding upon the Optioneeall Optionees, the Company and all other interested persons.