Common use of Stock Dividend or Distribution Clause in Contracts

Stock Dividend or Distribution. If the Company shall declare any dividend or other distribution upon its outstanding Stock payable in Stock, or shall subdivide its outstanding shares of Stock into a greater number of shares, then, on the effective date of such dividend, distribution or subdivision, the number of Shares that may thereafter be purchased upon the exercise of the rights represented hereby shall be increased in proportion to the increase through such dividend, distribution or subdivision, and the Share Purchase Price shall be decreased in such proportion. In case the Company shall at any time combine the outstanding shares of its Stock into a smaller number of shares, then, on the effective date of such combination, the number of Shares that may thereafter be purchased upon the exercise of the rights represented hereby shall be decreased in proportion to the decrease through such combination, and the Share Purchase Price shall be increased in such proportion.

Stock Dividend or Distribution. If the Company shall declare any dividend or other distribution upon its outstanding Stock payable in Stock, or shall subdivide its outstanding shares of Stock into a greater number of shares, then, on the effective date of such dividend, distribution or subdivision, the number of Shares that may thereafter be purchased upon the exercise of the rights represented hereby shall be increased in proportion to the increase through such dividend, distribution or subdivision, and the Share Purchase Price shall be decreased in such proportion. In case the Company shall at any time combine the outstanding shares of its Stock into a smaller number of shares, then, on the effective date of such combination, the number of Shares that may thereafter be purchased upon the exercise of the rights represented hereby shall be decreased in proportion to the decrease through such combination, and the Share Purchase Price shall be increased in such proportion.