Adjustment for Reorganisation Clause Samples
The Adjustment for Reorganisation clause defines how contractual terms, particularly those related to financial obligations or entitlements, are modified if one party undergoes a corporate reorganisation such as a merger, acquisition, or restructuring. In practice, this clause may specify how payments, rights, or responsibilities are recalculated or transferred to reflect the new corporate structure, ensuring that neither party is unfairly advantaged or disadvantaged by the change. Its core function is to maintain fairness and continuity in the agreement despite significant changes in a party’s corporate identity or structure.
Adjustment for Reorganisation. If, at any time, the issued capital of the Company is reorganised (including consolidation, subdivision, reduction or return), all rights of a Participant are to be changed in a manner consistent with the Corporations Act and the ASX Listing Rules at the time of the reorganisation.
Adjustment for Reorganisation. In the event of any reorganisation (including consolidation, subdivision, reduction or return) of the issued capital of the Company, the number of Achievement Rights to which each Participant is entitled, or any amount payable on vesting of the Achievement Rights, or both as appropriate, will be adjusted in the manner determined by the Board to ensure that no advantage or disadvantage accrues to the Participant as a result of such corporate actions.