Adjustments Clause Example from Business Contracts

Adjustments. The Plan contains provisions covering the treatment of options in a number of contingencies such as stock splits and mergers. Provisions in the Plan for adjustment with respect to stock subject to options and the related provisions with respect to successors to the business of the Corporation are hereby made applicable hereunder and are incorporated 3 herein by reference. In general, the Optionee should not assume that options would survive the acquisition of the Corporation.