HVT » Topics » 4.2 Adjustment to Shares of Stock Issuable Pursuant to the Plan

This excerpt taken from the HVT DEF 14A filed Apr 13, 2006.

4.2     Adjustment to Shares of Stock Issuable Pursuant to the Plan

          In the event of any change in the outstanding shares of Common Stock of the Company by reason of any stock split, stock split-up, stock dividend, recapitalization, merger, consolidation, combination or exchange of shares, or other similar change in corporate structure or change affecting the capitalization of the Company, an equitable adjustment shall be made to the number of shares issuable under this Plan as the Company’s Board of Directors determines is necessary or appropriate, in its discretion, to give proper effect to such corporate action.  Any such adjustment determined in good faith by the Company’s Board of Directors shall be conclusive and binding for all purposes of this Plan.

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