Common use of Distributions and Adjustments Clause in Contracts

Distributions and Adjustments. (a) If all or any portion of the Shares vest in Participant subsequent to any change in the number or character of Shares of Common Stock (through stock dividend, recapitalization, stock split, reverse stock split, reorganization, merger, consolidation, split-up, spin-off, combination, repurchase or exchange of Shares of Common Stock or other securities of the Company, issuance of warrants or other rights to purchase Shares of Common Stock or other securities of the Company or other similar corporate transaction or event affecting the Shares such that an adjustment is determined by the Compensation Committee of the Board of Directors (the “Committee”) to be appropriate in order to prevent dilution or enlargement of the interest represented by the Shares), Participant shall then receive upon such vesting the number and type of securities or other consideration which he would have received if the Shares had vested prior to the event changing the number or character of outstanding Shares of Common Stock.

Appears in 6 contracts

Samples: Restricted Stock Award Agreement (xG TECHNOLOGY, INC.), Restricted Stock Award Agreement (NXT-Id, Inc.), Employment Agreement (Teton Energy Corp)

AutoNDA by SimpleDocs

Distributions and Adjustments. (a) If all or any portion of the Shares vest in Participant subsequent to any change in the number or character of Shares outstanding shares of Common Stock (through stock dividend, recapitalization, stock split, reverse stock split, reorganization, merger, consolidation, split-up, spin-off, combination, repurchase or exchange of Shares shares of Common Stock or other securities of the Company, issuance of warrants or other rights to purchase Shares shares of Common Stock or other securities of the Company or other similar corporate transaction or event affecting the Shares such that an adjustment is determined by the Compensation Committee compensation committee of the Board Company’s board of Directors (the “Committee”) directors to be appropriate in order to prevent dilution or enlargement of the interest represented by the Shares), Participant shall then receive upon such vesting the number and type of securities or other consideration which he or she would have received if the Shares had vested prior to the event changing the number or character of outstanding Shares shares of Common Stock.

Appears in 4 contracts

Samples: Restricted Stock Award Agreement (Wisa Technologies, Inc.), Restricted Stock Award Agreement (Wisa Technologies, Inc.), Restricted Stock Award Agreement (Wisa Technologies, Inc.)

Distributions and Adjustments. (a) If all or any portion of the Shares vest in Participant subsequent to any change in the number or character of Shares of Common Stock (through stock dividend, recapitalization, stock split, reverse stock split, reorganization, merger, consolidation, split-up, spin-off, combination, repurchase or exchange of Shares of Common Stock or other securities of the Company, issuance of warrants or other rights to purchase Shares of Common Stock or other securities of the Company or other similar corporate transaction or event affecting the Shares such that an adjustment is determined by the Compensation and Organization Committee of the Board of Directors (the "Committee") to be appropriate in order to prevent dilution or enlargement of the interest represented by the Shares), Participant shall then receive upon such vesting the number and type of securities or other consideration which he would have received if the Shares had vested prior to the event changing the number or character of outstanding Shares of Common Stock.

Appears in 4 contracts

Samples: Restricted Stock Award Agreement (Adc Telecommunications Inc), Restricted Stock Award Agreement (Adc Telecommunications Inc), Restricted Stock Award Agreement (Adc Telecommunications Inc)

Distributions and Adjustments. (a) If all or any portion of the Shares vest in Participant subsequent to any change in the number or character of Shares of Common Stock (through stock dividend, recapitalization, stock split, reverse stock split, reorganization, merger, consolidation, split-up, spin-off, combination, repurchase or exchange of Shares of Common Stock or other securities of the CompanyCorporation, issuance of warrants or other rights to purchase Shares of Common Stock or other securities of the Company Corporation or other similar corporate transaction or event affecting the Shares such that an adjustment is determined by the Compensation and Benefit Committee of the Board of Directors (the "Committee") to be appropriate in order to prevent dilution or enlargement of the interest represented by the Shares), Participant shall then receive upon such vesting the number and type of securities or other consideration which he would have received if the Shares had vested prior to the event changing the number or character of outstanding Shares of Common Stock.

Appears in 2 contracts

Samples: First Bancorp /Pr/, First Bancorp /Pr/

Distributions and Adjustments. (a) If all or any portion of the Shares vest in Participant subsequent to any change in the number or character of Shares of Common Stock (through stock dividend, recapitalization, stock split, reverse stock split, reorganization, merger, consolidation, split-up, spin-off, combination, repurchase or exchange of Shares of Common Stock or other securities of the Company, issuance of warrants or other rights to purchase Shares of Common Stock or other securities of the Company or other similar corporate transaction or event affecting the Shares such that an adjustment is determined by the Compensation and Organization Committee of the Board of Directors (the “Committee”) to be appropriate in order to prevent dilution or enlargement of the interest represented by the Shares), Participant shall then receive upon such vesting the number and type of securities or other consideration which he would have received if the Shares had vested prior to the event changing the number or character of outstanding Shares of Common Stock.

Appears in 1 contract

Samples: Restricted Stock Award Agreement (Adc Telecommunications Inc)

Distributions and Adjustments. (a) If all or any portion of the Shares vest in Participant subsequent to any change in the number or character of Shares of Common Stock (through stock dividend, recapitalization, stock split, reverse stock split, reorganization, merger, consolidation, split-up, spin-off, combination, repurchase or exchange of Shares of Common Stock or other securities of the Company, issuance of warrants or other rights to purchase Shares of Common Stock or other securities of the Company or other similar corporate transaction or event affecting the Shares such that an adjustment is determined by the Compensation Committee of the Board of Directors (the “Committee”) to be appropriate in order to prevent dilution or enlargement of the interest represented by the Shares)Share, Participant Grow shall then receive upon such vesting the number and type of securities or other consideration which he would have received if the Shares had vested prior to the event changing the number or character of outstanding Shares of Common Stock.

Appears in 1 contract

Samples: Restricted Stock Award Agreement (Sharps Compliance Corp)

Distributions and Adjustments. (a) If all or any portion of the Shares vest in Participant subsequent to any change in the number or character of Shares of Common Stock (through stock dividend, recapitalization, stock split, reverse stock split, reorganization, merger, consolidation, split-up, spin-off, combination, repurchase or exchange of Shares of Common Stock or other securities of the CompanyCorporation, issuance of warrants or other rights to purchase Shares of Common Stock or other securities of the Company Corporation or other similar corporate transaction or event affecting the Shares such that an adjustment is determined by the Compensation and Benefit Committee of the Board of Directors (the “Committee”) to be appropriate in order to prevent dilution or enlargement of the interest represented by the Shares), Participant shall then receive upon such vesting the number and type of securities or other consideration which he would have received if the Shares had vested prior to the event changing the number or character of outstanding Shares of Common Stock.

Appears in 1 contract

Samples: Restricted Stock Award Agreement (First Bancorp /Pr/)

AutoNDA by SimpleDocs

Distributions and Adjustments. (a) If all or any portion of the Shares vest in Participant subsequent to any change in the number or character of Shares of Common Stock (through stock dividend, recapitalization, stock split, reverse stock split, reorganization, merger, consolidation, split-up, spin-off, combination, repurchase or exchange of Shares of Common Stock or other securities of the Company, issuance of warrants or other rights to purchase Shares of Common Stock or other securities of the Company or other similar corporate transaction or event affecting the Shares such that an adjustment is determined by the Compensation Committee of the Board of Directors (the "Committee") to be appropriate in order to prevent dilution or enlargement of the interest represented by the Shares)Share, Participant Director shall then receive upon such vesting the number and type of securities or other consideration which he would have received if the Shares had vested prior to the event changing the number or character of outstanding Shares of Common Stock.

Appears in 1 contract

Samples: Restricted Stock Award Agreement (Sharps Compliance Corp)

Distributions and Adjustments. (a) If all or any portion of the Shares Award vest in Participant subsequent to any change in the number or character of Shares shares of Common Stock (through stock dividend, recapitalization, stock split, reverse stock split, reorganization, merger, consolidation, split-up, spin-off, combination, repurchase or exchange of Shares shares of Common Stock or other securities of the CompanyCorporation, issuance of warrants or other rights to purchase Shares shares of Common Stock or other securities of the Company Corporation or other similar corporate transaction or event affecting the Shares shares such that an adjustment is determined by the Compensation and Benefit Committee of the Board of Directors (the "Committee") to be appropriate in order to prevent dilution or enlargement of the interest represented by the Sharesshares), Participant shall then receive upon such vesting the number and type of securities or other consideration which he would have received if the Shares Award had vested prior to the event changing the number or character of outstanding Shares shares of Common Stock.

Appears in 1 contract

Samples: Term Incentive Award Agreement (First Bancorp /Pr/)

Distributions and Adjustments. (a) If all or any portion of the Shares Award vest in Participant subsequent to any change in the number or character of Shares shares of Common Stock (through stock dividend, recapitalization, stock split, reverse stock split, reorganization, merger, consolidation, split-up, spin-off, combination, repurchase or exchange of Shares shares of Common Stock or other securities of the CompanyCorporation, issuance of warrants or other rights to purchase Shares shares of Common Stock or other securities of the Company Corporation or other similar corporate transaction or event affecting the Shares shares such that an adjustment is determined by the Compensation and Benefit Committee of the Board of Directors (the "Committee") to be appropriate in order to prevent dilution or enlargement of the interest represented by the Sharesshares), Participant shall then receive upon such vesting the number and type of securities or other consideration which he would have received if the Shares Award had vested prior to the event changing the number or character of outstanding Shares shares of Common Stock.

Appears in 1 contract

Samples: Agreement (First Bancorp /Pr/)

Distributions and Adjustments. (a) If all or any portion of the Shares vest in Participant subsequent to any change in the number or character of Shares of Common Stock (through stock dividend, recapitalization, stock split, reverse stock split, reorganization, merger, consolidation, split-up, spin-off, combination, repurchase or exchange of Shares of Common Stock or other securities of the Company, issuance of warrants or other rights to purchase Shares of Common Stock or other securities of the Company or other similar corporate transaction or event affecting the Shares such that an adjustment is determined by the Compensation Committee of the Board of Directors (the “Committee”) to be appropriate in order to prevent dilution or enlargement of the interest represented by the Shares)Share, Participant Director shall then receive upon such vesting the number and type of securities or other consideration which he would have received if the Shares had vested prior to the event changing the number or character of outstanding Shares of Common Stock.

Appears in 1 contract

Samples: Restricted Stock Award Agreement (Sharps Compliance Corp)

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