Common use of Change in Capitalization Clause in Contracts

Change in Capitalization. In the event of a dividend or distribution paid in shares of Common Stock or any other adjustment made upon a change in the capital structure of the Corporation as described in Article IX of the Plan that occurs prior to settlement, appropriate adjustment shall be made to the Units so that they represent the right to receive upon settlement any and all new, substituted or additional securities or other property (other than cash dividends) to which Recipient would be entitled if Recipient had owned, at the time of such change in capital structure, the shares of Common Stock issuable upon settlement of the Units.

Appears in 11 contracts

Samples: Restricted Stock Unit Award Agreement (Compuware Corp), Restricted Stock Unit Award Agreement (Compuware Corp), Restricted Stock Unit Award Agreement (Compuware Corp)

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Change in Capitalization. In the event of a dividend or distribution paid in shares of Common Stock or any other adjustment made upon a change in the capital structure of the Corporation as described in Article IX of the Plan that occurs prior to settlement, appropriate adjustment shall be made to the Units so that they represent the right to receive upon settlement any and all new, substituted or additional securities or other property (other than cash dividends) to which the Recipient would be entitled if the Recipient had owned, at the time of such change in capital structure, the shares of Common Stock issuable upon settlement of the Units.

Appears in 5 contracts

Samples: Restricted Stock Unit Award Agreement (Compuware Corp), Restricted Stock Unit Award Agreement (Compuware Corp), Restricted Stock Unit Award Agreement (Compuware Corp)

Change in Capitalization. In the event of a dividend or distribution paid in shares of Common Stock or any other adjustment made upon a change in the capital structure of the Corporation Company as described in Article IX Section 12.2 of the Plan that occurs prior to settlement, appropriate adjustment shall be made to the Restricted Stock Units so that they represent the right to receive upon settlement any and all new, substituted or additional securities or other property (other than cash dividends) to which Recipient you would be entitled if Recipient you had owned, at the time of such change in capital structure, the shares of Common Restricted Stock issuable upon settlement of the Restricted Stock Units.

Appears in 4 contracts

Samples: Award and Restricted Stock Agreement (Kemet Corp), Long Term Incentive Plan (Kemet Corp), Award Agreement (Kemet Corp)

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Change in Capitalization. In the event of a dividend or distribution paid in shares of Common Stock or any other adjustment made upon a change in the capital structure of the Corporation Company as described in Article IX Section 12.2 of the Plan that occurs prior to settlement, appropriate adjustment shall be made to the Units so that they represent the right to receive upon settlement any and all new, substituted or additional securities or other property (other than cash dividends) to which the Recipient would be entitled if the Recipient had owned, at the time of such change in capital structure, the shares of Common Restricted Stock issuable upon settlement of the Units.

Appears in 2 contracts

Samples: Restricted Stock Unit Award Agreement (Kemet Corp), Restricted Stock Unit Award Agreement (Kemet Corp)

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