ADJUSTMENT IN SHARES. Should any change be made to the Common Stock by reason of any stock split, stock dividend, recapitalization, combination of shares, exchange of shares or other change affecting the outstanding Common Stock as a class without the Company's receipt of consideration, appropriate adjustments shall be made to the number and/or class of securities subject to this award in order to reflect such change and thereby preclude a dilution or enlargement of benefits hereunder.
ADJUSTMENT IN SHARES. ShouldSection # Adjustment of Shares. As provided by the Plan, in the event of any change be made toincrease or decrease in the number of issued shares of Common Stock by reason of anyresulting from a stock split, stock dividend, recapitalization, combination or exchange of shares, exchange for other securities, reclassification, reorganization, recapitalization, or any other increase or decrease in the number of outstanding shares or other change affecting the outstandingof Common Stock as a classeffected without consideration to the Company's receiptCompany, the specified number of consideration, appropriate adjustmentsShares shall be madeproportionately adjusted to the number and/or class of securities subject to this award in order to reflect such change and thereby preclude aprevent dilution or enlargement of benefitsthe rights granted to, or available for, the Director hereunder.
ADJUSTMENT IN SHARES. Should any change be made toAdjustments. If the Commonnumber of outstanding shares of Stock by reasonis increased or decreased or the shares of any stock split, stock dividend, recapitalization, combination of shares, exchangeStock are changed into or exchanged for a different number of shares or kind of capital stock or other change affectingsecurities of the outstanding CommonCompany on account of any recapitalization, reclassification, stock split, reverse stock split, spin-off, combination of stock, exchange of stock, stock dividend or other distribution payable in capital stock, or other increase or decrease in shares of Stock as a classeffected without the Company's receipt of consideration, appropriate adjustmentsconsideration by the Company, then the number of Awarded Shares shall be adjusted proportionately. No adjustment shall be made in connection with the payment by the Company of any ordinary cash dividend on its Stock or in connection with the issuance by the Company of any warrants, rights, or options to the number and/acquire additional shares of Stock or class of securities subject to this award in order to reflect such change and thereby preclude a dilution or enlargement of benefits hereunder.convertible into Stock.
ADJUSTMENT IN SHARES. ShouldIf there is any change be made to the Common Stockcommon stock by reason of any stock split, stock dividend, recapitalization, combination of shares, exchange of shares or other change affecting the outstanding Common Stockcommon stock as a class without the Company'Corporation's receipt of consideration, then appropriate adjustments shall be made to # the maximum number and/or class of securities issuable under the Plan, and # the number and/or class of outstanding securities subject to this awardin effect under the Plan in order to reflect such change and thereby preclude aprevent the dilution or enlargement of benefits hereunder.thereunder.
ADJUSTMENT IN SHARES. ShouldAdjustments. In the event of any change be made toin the outstanding shares of Common StockStock, without the receipt of consideration by the Company, by reason of anya stock dividend, stock split, reverse stock dividend,split or distribution (other than a regular dividend), recapitalization, merger, reorganization, reclassification, consolidation, split-up, spin-off, combination of shares, exchange of shares or other change in corporate structure affecting the outstanding Common Stock as a class withoutand not involving the Company's receipt of consideration,consideration by the Company, the Committee shall make appropriate adjustments shallin # the aggregate number of and kind of shares of Common Stock # available for issuance under the Plan, # for which grants or Awards may be made to any Participant or to any group of Participants (e.g., Outside Directors), # which are available for issuance under Incentive Stock Options, # covered by outstanding unexercised Awards and grants denominated in shares or units of Common Stock, and # underlying Stock Options granted pursuant to [Section 6.7], # the Code Section 162(m) limitations; # the exercise or other applicable price related to outstanding Awards or grants and # the appropriate Fair Market Value and other price determinations relevant to outstanding Awards or grants and shall make such other adjustments as may be appropriate under the circumstances; provided, that the number and/or class of securitiesshares subject to this award in order to reflect such change and thereby precludeany Award or grant always shall be a dilution or enlargement of benefits hereunder.whole number.
ADJUSTMENT IN SHARES. ShouldAdjustments. In the event that any change be made toextraordinary dividend or other distribution (whether in the Common Stock by reasonform of anycash, Shares, other securities, or other property), recapitalization, stock split, reverse stock dividend, recapitalization, combination of shares,split, reorganization, merger, consolidation, split-up, spin-off, combination, reclassification, repurchase, or exchange of sharesShares or other securities of the Company, or other change in the corporate structure of the Company affecting the outstanding Common Stock as a class withoutShares occurs (other than any ordinary dividends or other ordinary distributions), the Company's receipt of consideration, appropriate adjustments shall be made to the number and/or class of securities subject to this awardAdministrator, in order to reflect such change and thereby preclude a dilutionprevent diminution or enlargement of the benefits hereunder.or potential benefits intended to be made available under the Plan, will adjust the number and class of shares of stock that may be delivered under the Plan and/or the number, class, and price of shares of stock covered by each outstanding Award, and numerical Share limits in Section 3.
ADJUSTMENT IN SHARES. ShouldAdjustments in Event of Change in Common Stock. In the event of any change be made toin the Common Stock by reason of any stock split, stockdividend, extraordinary cash dividend, recapitalization, reorganization, merger, consolidation, split-up, spin-off, combination or exchange of shares, exchangeor rights offering to purchase Stock at a price substantially below fair market value, or of shares or otherany similar change affecting the Stock, the number and kind of shares which thereafter may be available for issuance under the Plan and the terms of outstanding Common Stock as a class without the Company's receipt of consideration, appropriate adjustmentsAwards shall be made to the number and/or class of securities subject to this award in order to reflectappropriately adjusted consistent with such change and thereby preclude ain such manner as the Committee may deem equitable to prevent dilution or enlargement of benefits hereunder.the rights granted to, or available for, Participants in the Plan. If the adjustment would result in fractional shares with respect to an Award, then the Committee may make such further adjustment (including, without limitation, the use of consideration other than Stock or rounding to the nearest whole number of shares) as the Committee shall deem appropriate to avoid the issuance of fractional shares.
ADJUSTMENT IN SHARES. ShouldAdjustment. In the event of any change be made toequity restructuring, whether a stock dividend, recapitalization, split-up or combination of shares, or otherwise, affects the Common Stock by reason of any stock split, stock dividend, recapitalization, combination of shares, exchange of shares or other change affecting the outstanding Common Stock as a class without the Company's receipt of consideration, appropriate adjustments shall be made to the number and/or class of securities subject to this awardsuch that an adjustment is required in order to reflect such changepreserve the benefits intended to be provided by the Plan, the Committee (subject in the case of Incentive Stock Options to any limitation required under the Code) shall equitably adjust any or all of # the number and thereby precludekind of shares in respect of which Awards may be made under the Plan, # the number and kind of shares subject to outstanding Awards and # the exercise price with respect to any of the foregoing, provided that the number of shares subject to any Award shall always be a dilution or enlargement of benefits hereunder.whole number.
AllDrafts is a cloud-based editor designed specifically for contracts. With automatic formatting, a massive clause library, smart redaction, and insanely easy templates, it’s a welcome change from Word.
And AllDrafts generates clean Word and PDF files from any draft.