Example ContractsClausesadjustment of awardVariants
Remove:

Adjustment to Amount or Terms of Award. The Board shall have sole discretion to adjust the amount of the Equity Retainer to be paid in the form of RSUs and the terms of any such RSU Award. Except as the Board may otherwise determine, any increase or decrease in an Eligible Director’s Annual Retainer during a period with respect to which such Eligible Director has already been granted an RSU Award shall be implemented by increasing or decreasing the cash portion of such Eligible Director’s annual retainer.

Adjustment to Amount or Terms of Award. The Board shall have sole discretion to adjust the amount of the Equity Retainer to be paid in the form of RSUsShares and the terms of any such RSU Award.Award of Shares. Except as the Board may otherwise determine, any increase or decrease in an Eligible Director’s Annual Retainer during a period with respect to which such Eligible Director has already been granted an RSU Award of Restricted Stock shall be implemented by increasing or decreasing the cash portion of such Eligible Director’s annual retainer.

Adjustment to

#Amount or Terms of Award. The number of RSUs awarded shall be determined by the Board shall have sole discretionof Directors from time to adjust the amounttime (the “Equity Retainer”). If an Eligible Director begins serving as a director other than as of the Equity Retainer todate of an Annual Meeting, the RSU Award granted hereunder shall be paid ingranted at the formmeeting of RSUs and the terms of any such RSU Award. Except as the Board may otherwise determine, any increaseof Directors that takes place on or decrease in an Eligible Director’s Annual Retainer during a period with respect to whichafter the date such Eligible Director has already been granted an RSUis first elected or appointed to the Board, and such Award shall be implementedpro-rated to reflect the partial service provided by increasing or decreasing the cash portion of such Eligible Director’s annual retainer.Director in the period between Annual Meetings.

Select clause to view document information.

Draft better contracts
faster with AllDrafts

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.