Distributions and Adjustments. (a) If any Shares vest in the Director subsequent to any change in the number or character of the Common Shares of the Corporation (through recapitalization, stock split, stock dividend, reorganization, merger, consolidation or otherwise), the Director shall then receive upon such vesting the number and type of securities or other consideration which the Director would have received if such Shares had vested prior to the event changing the number or character of the outstanding Common Shares.
Appears in 4 contracts
Samples: Restricted Stock Award Agreement (Otter Tail Corp), Restricted Stock Award Agreement (Otter Tail Corp), Restricted Stock Award Agreement (Otter Tail Corp)
Distributions and Adjustments. (a) If any Shares vest in the Director subsequent to any change in the number or character of the Common Shares of the Corporation (through recapitalization, stock split, stock dividend, reorganization, merger, consolidation or otherwise), the Director shall then receive upon such vesting the number and type of securities or other consideration which the Director would have received if such Shares had vested prior to the event changing the number or character of the outstanding Common Shares.
Appears in 1 contract
Samples: For Directors (Otter Tail Corp)
