Common use of Adjustment in Capitalization Clause in Contracts

Adjustment in Capitalization. In the event any stock dividend, stock split, or similar change in the capitalization of the Company affects the number of issued Shares such that an adjustment is required in order to preserve, or to prevent the enlargement of, the benefits or potential benefits intended to be made available under this Award, then the number of Performance Share Units shall be proportionately adjusted as provided under the terms of the Plan. Unless the Committee determines otherwise, the number of Performance Share Units subject to this Award shall always be a whole number.

Appears in 6 contracts

Samples: Performance Share Unit Award Agreement (Kulicke & Soffa Industries Inc), Performance Share Unit Award Agreement (Kulicke & Soffa Industries Inc), Performance Share Unit Award Agreement (Kulicke & Soffa Industries Inc)

AutoNDA by SimpleDocs

Adjustment in Capitalization. In the event any stock dividend, stock split, or similar change in the capitalization of the Company affects the number of issued Shares such that an adjustment is required in order to preserve, or to prevent the enlargement of, the benefits or potential benefits intended to be made available under this Award, then the number of Performance Share Units Shares issuable upon vesting shall be proportionately adjusted as provided under the terms of the Plan. Unless the Committee determines otherwise, the number of Performance Share Units Shares subject to this Restricted Stock Award shall always be a whole number.

Appears in 5 contracts

Samples: Restricted Stock Award Agreement (Kulicke & Soffa Industries Inc), Restricted Stock Award Agreement (Kulicke & Soffa Industries Inc), Restricted Stock Award Agreement (Kulicke & Soffa Industries Inc)

Adjustment in Capitalization. In the event any stock dividend, stock split, or similar change in the capitalization of the Company affects the number of issued Shares such that an adjustment is required in order to preserve, or to prevent the enlargement of, the benefits or potential benefits intended to be made available under this Award, then the number of Performance Restricted Share Units shall be proportionately adjusted as provided under the terms of the Plan. Unless the Committee determines otherwise, the number of Performance Restricted Share Units subject to this Award shall always be a whole number.

Appears in 4 contracts

Samples: Restricted Share Unit Award Agreement (Kulicke & Soffa Industries Inc), Restricted Share Unit Award Agreement (Kulicke & Soffa Industries Inc), Restricted Share Unit Award Agreement (Kulicke & Soffa Industries Inc)

Adjustment in Capitalization. In the event any stock dividend, stock split, or similar change in the capitalization of the Company affects the number of issued Shares such that an adjustment is required in order to preserve, or to prevent the enlargement of, the benefits or potential benefits intended to be made available under this Award, then the number of Performance Share Units shall be proportionately adjusted as provided under the terms of the Plan. Unless the Committee determines otherwise, the number of Performance Share Units subject to this Award shall always be a whole number.

Appears in 2 contracts

Samples: Performance Unit Award Agreement (Kulicke & Soffa Industries Inc), Performance Unit Award Agreement (Kulicke & Soffa Industries Inc)

AutoNDA by SimpleDocs

Adjustment in Capitalization. In the event any stock dividend, stock split, or similar change in the capitalization of the Company affects the number of issued Shares such that an adjustment is required in order to preserve, or to prevent the enlargement of, the benefits or potential benefits intended to be made available under this Award, then the number of Performance Share Units Shares issuable upon the exercise of an Option (as well as the exercise price per Share) shall be proportionately adjusted as provided under the terms of the Plan. Unless the Committee determines otherwise, the number of Performance Share Units Shares subject to this Award shall always be a whole number.

Appears in 2 contracts

Samples: Incentive Stock Option Agreement (Kulicke & Soffa Industries Inc), Nonqualified Stock Option Agreement (Kulicke & Soffa Industries Inc)

Adjustment in Capitalization. In the event any stock dividend, stock split, or similar change in the capitalization of the Company affects the number of issued Shares such that an adjustment is required in order to preserve, or to prevent the enlargement of, the benefits or potential benefits intended to be made available under this Award, then the number of Performance Share Units shall be proportionately adjusted as provided under the terms of the Plan. Unless the Committee determines determine otherwise, the number of Performance Share Units subject to this Award shall always be a whole number.

Appears in 1 contract

Samples: Performance Share Unit Award Agreement (Kulicke & Soffa Industries Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.