Example ContractsClausesadjustment of sharesIdentical
Adjustment of Shares
Adjustment of Shares contract clause examples

Adjustments Upon Certain Events. Subject to the terms of the Plan and the LTIP, in the event of any change in the outstanding Shares by reason of any Share dividend or split, reorganization, recapitalization, merger, consolidation, amalgamation, spin-off or combination transaction or exchange of Shares or other similar events (collectively, an "Adjustment Event"), the Committee shall, in its sole discretion, make an appropriate and equitable adjustment in the number of Shares subject to this Agreement to reflect such Adjustment Event. Any such adjustment made by the Committee shall be final and binding upon the Participant, the Company and all other interested persons.

2024 LONG-TERM INCENTIVE PROGRAM AWARD AGREEMENT
Source: SEC EDGAR database • Date: March 1, 2024 • SIC: 1531 • CIK: 1531
HOVNANIAN ENTERPRISES INC (HOV, HOVNP, HOVVB) (CIK 0000357294)
Source: SEC EDGAR database • Date: March 9, 2016 • SIC: 1531 • CIK: 1531

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.