Common use of No Change in Capitalization Clause in Contracts

No Change in Capitalization. Prior to Closing Calgene shall not have issued, agreed to issue or approve the issuance of any shares of its capital stock or any options, warrants or other rights entitling the holder thereof to convert into or receive shares of Calgene capital stock, except for the grant of options for Calgene Common stock to employees and consultants in the ordinary course of business and the issuance of shares of Calgene Common Stock pursuant to the exercise of outstanding options or warrants, unless approved by Calgene directors designated by Monsanto in writing.

Appears in 1 contract

Sources: Stock Purchase Agreement (Calgene Inc /De/)

No Change in Capitalization. Prior to --------------------------- Closing Calgene shall not have issued, agreed to issue or approve the issuance of any shares of its capital stock or any options, warrants or other rights entitling the holder thereof to convert into or receive shares of Calgene capital stock, except for the grant of options for Calgene Common stock to employees and consultants in the ordinary course of business and the issuance of shares of Calgene Common Stock pursuant to the exercise of outstanding options or warrants, unless approved by Calgene directors designated by Monsanto in writing.

Appears in 1 contract

Sources: Stock Purchase Agreement (Monsanto Co)