Common use of Adjustments in Shares Clause in Contracts

Adjustments in Shares. The term “Common Shares,” as used herein, shall also include any new or additional or different shares of stock of the Company to which Employee may become entitled with respect to such Common Shares by virtue of a subdivision or combination of shares of common stock, a dividend payable in common stock, a reclassification of common stock, or a merger or consolidation or any other change in capital structure of shares of common stock. RSUs recorded for Employee pursuant to this Agreement will be adjusted to reflect stock dividends, stock splits and reclassifications of common stock, but no adjustments will be made to RSUs to reflect cash dividends.

Appears in 4 contracts

Samples: Restricted Stock Unit Agreement (Marriott International Inc /Md/), Restricted Stock Unit Agreement (Marriott International Inc /Md/), Restricted Stock Unit Agreement (Marriott International Inc /Md/)

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