This excerpt taken from the DVN DEF 14A filed Apr 24, 2009.
Automatic Adjustment Features
The 2009 plan provides for the automatic adjustment of the number and kind of shares available under it, and the number and kind of shares subject to outstanding awards in the event our common stock is changed into or exchanged for a different number or kind of shares of stock or other securities of Devon or another corporation, or if the number of shares of our common stock is increased through a stock dividend. The 2009 plan also provides that the Compensation Committee may adjust the number of shares available under the 2009 plan and the number of shares subject to any outstanding awards if, in the Compensation Committees opinion, any other change in the number or kind of shares of outstanding common stock equitably requires such an adjustment.
Commitment Runs Deep