Common use of Adjustments to Shares Clause in Contracts

Adjustments to Shares. If at any time while this Agreement is in effect (or Shares granted hereunder shall be or remain unvested while Recipient’s Continuous Service continues and has not yet terminated or ceased for any reason), there shall be any increase or decrease in the number of issued and outstanding Shares of the Company through the declaration of a stock dividend or through any recapitalization resulting in a stock split-up, combination or exchange of such Shares, then and in that event, the Board or the Committee shall make any adjustments it deems fair and appropriate, in view of such change, in the number of shares of Restricted Stock then subject to this Agreement. If any such adjustment shall result in a fractional Share, such fraction shall be disregarded.

Appears in 22 contracts

Samples: Consultant Agreement (Surgalign Holdings, Inc.), Employment Agreement (Rti Surgical, Inc.), Restricted Stock Agreement (Jarden Corp)

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Adjustments to Shares. If at any time while this Agreement is in effect (or Shares granted hereunder shall be or remain unvested while Recipient’s Continuous Non-Vested Shares prior to the Termination of Service continues and has not yet terminated or ceased of the Participant for any reason), there shall be any increase or decrease in the number of issued and outstanding Shares of the Company through the declaration of a stock dividend or through any recapitalization resulting in a stock split-up, combination or exchange of such Shares, then and in that event, the Board or the Committee Administrator shall make any adjustments it deems fair and appropriate, in view of such change, in the number of shares Shares of Restricted Stock then subject to this Agreement. If any such adjustment shall result in a fractional Share, such fraction shall be disregarded.

Appears in 7 contracts

Samples: Restricted Stock Agreement (Industrial Income Trust Inc.), Restricted Stock Agreement (BLACK CREEK INDUSTRIAL REIT IV Inc.), Restricted Stock Agreement (Industrial Property Trust Inc.)

Adjustments to Shares. If at any time while this Agreement is in effect (or Shares granted hereunder shall be or remain unvested while Recipient’s Continuous Service continues and has not yet terminated or ceased for any reason), there shall be any increase or decrease in the number of issued and outstanding Shares of the Company through the declaration of a stock dividend or through any recapitalization resulting in a stock split-up, combination or exchange of such Shares, then and in that event, the Board or the Committee shall make any adjustments it deems fair and appropriate, in view of such change, in the number of shares of Restricted Stock then subject to this Agreement. If any such adjustment shall result in a fractional Share, such fraction shall be disregarded.

Appears in 3 contracts

Samples: Restricted Stock Agreement (Paysign, Inc.), Restricted Stock Agreement (3pea International, Inc.), Restricted Stock Agreement (Paysign, Inc.)

Adjustments to Shares. If at any time while this Agreement is in effect (or Shares granted hereunder shall be or remain unvested while Recipient’s Continuous Service continues and has not yet terminated or ceased for any reason), there shall be any increase or decrease in the number of issued and outstanding Shares of the Company through the declaration of a stock dividend or through any recapitalization resulting in a stock split-up, combination or exchange of such Shares, then and in that event, the Board or the Committee shall make any adjustments it deems fair and appropriate, in view of such change, in the number of shares of Restricted Stock then subject to this AgreementAgreement in order to equitably provide that the Recipient’s economic situation is the same as prior to the change. If any such adjustment shall result in a fractional Share, such fraction shall be disregarded.

Appears in 3 contracts

Samples: Restricted Stock Agreement (Reven Housing REIT, Inc.), Restricted Stock Agreement (Reven Housing REIT, Inc.), Reven Housing (Carpenter Chad M.)

Adjustments to Shares. If at any time while this Agreement is in effect [(or Shares granted hereunder shall be or remain unvested while RecipientNon-Vested Shares prior to Participant’s Continuous Service continues and has not yet terminated or ceased termination of service as a director of the Company for any reason)], there shall be any increase or decrease in the number of issued and outstanding Shares of the Company through the declaration of a stock dividend or through any recapitalization resulting in a stock split-up, combination or exchange of such Shares, then and in that event, the Board or the Committee Administrator shall make any adjustments it deems fair and appropriate, in view of such change, in the number of shares Shares of [Restricted Stock Stock] {Stock} then subject to this Agreement. If any such adjustment shall result in a fractional Share, such fraction shall be disregarded.

Appears in 2 contracts

Samples: Industrial Property Trust Inc., Industrial Income Trust Inc.

Adjustments to Shares. If at any time while this Agreement is in effect (or Shares granted hereunder shall be or remain unvested Non-Vested Shares while Recipient’s Continuous Service continues and has not yet terminated or ceased for any reason), there shall be any increase or decrease in the number of issued and outstanding Shares of the Company through the declaration of a stock dividend or through any recapitalization resulting in a stock split-up, combination or exchange of such Shares, then and in that event, the Board or the Committee shall make any adjustments it deems fair and appropriate, in view of such change, in the number of shares of Restricted Stock then subject to this Agreement. If any such adjustment shall result in a fractional Share, such fraction shall be disregarded.

Appears in 1 contract

Samples: Restricted Stock Agreement (Platform Specialty Products Corp)

Adjustments to Shares. If at any time while this Agreement is in effect (or Additional Restricted Shares granted hereunder shall be or remain unvested while Recipient’s Continuous your Service continues and has not yet terminated or ceased for any reason), there shall be any increase or decrease in the number of issued and outstanding Shares of the Company through the declaration of a stock dividend or through any recapitalization resulting in a stock split-up, combination or exchange of such Shares, then and in that event, the Board or the Committee shall make any adjustments it deems fair and appropriate, in view of such change, in the number of shares of Additional Restricted Stock Shares then subject to this Amended Award Agreement. If any such adjustment shall result in a fractional Share, such fraction shall be disregarded.

Appears in 1 contract

Samples: Award Agreement (Restaurant Brands International Inc.)

Adjustments to Shares. If at any time while this Agreement is in effect (or Base Restricted Shares granted hereunder shall be or remain unvested while Recipient’s Continuous your Service continues and has not yet terminated or ceased for any reason), there shall be any increase or decrease in the number of issued and outstanding Shares of the Company through the declaration of a stock dividend or through any recapitalization resulting in a stock split-up, combination or exchange of such Shares, then and in that event, the Board or the Committee shall make any adjustments it deems fair and appropriate, in view of such change, in the number of shares of Base Restricted Stock Shares then subject to this Amended Award Agreement. If any such adjustment shall result in a fractional Share, such fraction shall be disregarded.

Appears in 1 contract

Samples: Award Agreement (Restaurant Brands International Inc.)

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Adjustments to Shares. If at any time while this Agreement is in effect (or Shares granted hereunder shall be or remain unvested while Recipient’s Continuous Service continues and has not yet terminated or ceased for any reason), there shall be any increase or decrease in the number of issued and outstanding Shares of the Company through the declaration of a stock MIA 185573270v2 dividend or through any recapitalization resulting in a stock split-up, combination or exchange of such Shares, then and in that event, the Board or the Committee shall make any adjustments it deems fair and appropriate, in view of such change, in the number of shares of Restricted Stock then subject to this Agreement. If any such adjustment shall result in a fractional Share, such fraction shall be disregarded.

Appears in 1 contract

Samples: Restricted Stock Agreement (Destination Xl Group, Inc.)

Adjustments to Shares. If at any time while this Agreement is in effect (or Shares granted hereunder shall be or remain unvested while Recipient’s Continuous Service continues and has not yet terminated or ceased for any reason), there shall be any increase or decrease in the number of issued and outstanding Shares of the Company through the declaration of a stock dividend or through any recapitalization resulting in a stock split-up, combination or exchange of such Shares, then and in that event, the Board or the Committee shall make any adjustments it deems fair and appropriate, in view of such change, in the number of shares of Restricted Stock then subject to this Agreement. If any such adjustment shall result in a fractional Share, such fraction shall be disregarded.

Appears in 1 contract

Samples: Restricted Stock Agreement (Hanmi Financial Corp)

Adjustments to Shares. If at any time while this Agreement is in effect (or Shares granted hereunder shall be or remain unvested while Recipient’s Continuous Service continues and has not yet terminated or ceased for any reason), there shall be any increase or decrease in the number of issued and outstanding Shares of the Company through the declaration of a stock dividend or through any recapitalization resulting in a stock split-up, combination or exchange of such Shares, then and in that event, the Board or the Committee shall make any adjustments it deems fair and appropriate, in view of such change, in the number of shares Shares of Restricted Stock then subject to this Agreement. If any such adjustment shall result in a fractional Share, such fraction shall be disregarded.

Appears in 1 contract

Samples: Restricted Stock Agreement (Destination Xl Group, Inc.)

Adjustments to Shares. If at any time while this Agreement is in effect (or Shares granted hereunder shall be or remain unvested while Recipient’s Continuous Service service with the Company continues and has not yet terminated or ceased for any reason), there shall be any increase or decrease in the number of issued and outstanding Shares of the Company through the declaration of a stock dividend or through any recapitalization resulting in a stock split-up, combination or exchange of such Shares, then and in that event, the Board or the Committee shall make any adjustments it deems fair and appropriate, in view of such change, in the number of shares of Restricted Stock then subject to this Agreement. If any such adjustment shall result in a fractional Share, such fraction shall be disregarded.

Appears in 1 contract

Samples: Stand Alone Restricted Stock Agreement (Surgalign Holdings, Inc.)

Adjustments to Shares. If at any time while this Agreement is in effect (or Restricted Shares granted hereunder shall be or remain unvested while Recipient’s Continuous your Service continues and has not yet terminated or ceased for any reason), there shall be any increase or decrease in the number of issued and outstanding Shares of the Company through the declaration of a stock dividend or through any recapitalization resulting in a stock split-up, combination or exchange of such Shares, then and in that event, the Board or the Committee shall make any adjustments it deems fair and appropriate, in view of such change, in the number of shares of Restricted Stock Shares then subject to this Amended Award Agreement. If any such adjustment shall result in a fractional Share, such fraction shall be disregarded.

Appears in 1 contract

Samples: Performance Award Agreement (Restaurant Brands International Inc.)

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