Common use of Stock Splits and Like Events Clause in Contracts

Stock Splits and Like Events. In the event of a stock dividend, stock split, reverse stock split, or reclassification, the aggregate number and/or class of shares subject to this Option and the exercise price prior to such occurrence shall be appropriately adjusted in accordance with the terms of the Plan. The adjustment shall have the result that if Optionee exercises a portion of the Option subsequent to the applicable event, then Optionee shall pay the same aggregate exercise price to exercise the same portion of the Option, and shall then receive the same class and proportionate number of shares, as if Optionee had exercised that portion of the Option immediately prior to such the event.