Common use of ADJUSTMENTS TO STOCK Clause in Contracts

ADJUSTMENTS TO STOCK. If at any time while this Agreement is in effect and before any Shares have been delivered with respect to any RSUs, 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 Committee shall make any adjustments it deems fair and appropriate, in view of such change, in the number of Shares subject to the RSUs 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 Unit Agreement (APi Group Corp), Restricted Stock Unit Agreement (APi Group Corp), Restricted Stock Unit Agreement (APi Group Corp)

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ADJUSTMENTS TO STOCK. If at any time while this Agreement is in effect and before any Shares have been delivered with respect to any RSUsPSUs, 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 Committee shall make any adjustments it deems fair and appropriate, in view of such change, in the number of Shares subject to the RSUs PSUs 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 Unit Agreement (APi Group Corp)

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