Certain Mergers. Subject to any required action by the shareholders of Luxfer, in the event that the Company shall be the surviving corporation in any merger, consolidation or similar transaction as a result of which the holders of Shares receive consideration consisting exclusively of securities of such surviving corporation, the Committee may, to the extent deemed appropriate by the Committee, adjust the Option so that it pertains and applies to the securities which a holder of the number of ADSs subject to the Option would have received in such merger or consolidation.
Appears in 2 contracts
Sources: Executive Officer Ipo Stock Option Grant Agreement (Luxfer Holdings PLC), Non Executive Director Ipo Stock Option Grant Agreement (Luxfer Holdings PLC)