Changes in Common Shares. If there shall occur any recapitalization, reclassification, share dividend, extraordinary dividend, share split, reverse share split, or other distribution with respect to the Common Shares, or any merger, reorganization, consolidation or other change in corporate structure affecting the Common Shares, the Committee shall, in the manner and to the extent that it deems appropriate and equitable to the Grantee and consistent with the terms of the Plan, cause an adjustment in (i) the number and kind of shares subject to the Award and (ii) any other terms of the Award that are affected by the event.
Appears in 3 contracts
Samples: Letter Agreement (Platinum Underwriters Holdings LTD), Restricted Share Award Agreement (Platinum Underwriters Holdings LTD), Restricted Share Award Agreement (Platinum Underwriters Holdings LTD)
Changes in Common Shares. If there shall occur any recapitalization, reclassification, share stock dividend, extraordinary dividend, share stock split, reverse share stock split, or other distribution with respect to the Common Shares, or any merger, reorganization, consolidation or other change in corporate structure affecting the Common Shares, the Committee shallmay, in the manner and to the extent that it deems appropriate and equitable to the Grantee and consistent with the terms of the Plan, cause an adjustment in (i) the number and kind of shares subject to the Award and (ii) any other terms of the Award that are affected by the event.
Appears in 2 contracts
Samples: Restricted Share Award Agreement (Platinum Underwriters Holdings LTD), Letter Agreement (Platinum Underwriters Holdings LTD)