Common use of Stock Dividend, Stock Split and Reverse Stock Split Clause in Contracts

Stock Dividend, Stock Split and Reverse Stock Split. Upon a stock dividend of, or stock split or reverse stock split affecting, the Stock, the number of outstanding Restricted Stock Units shall, without further action of the Committee, be adjusted to reflect such event; provided, however, that any fractional Restricted Stock Units resulting from any such adjustment shall be eliminated. Adjustments under this paragraph will be made by the Committee, whose determination as to what adjustments, if any, will be made and the extent thereof will be final, binding and conclusive.

Appears in 9 contracts

Samples: Restricted Stock Units Agreement (Halozyme Therapeutics, Inc.), Restricted Stock Units Agreement (Halozyme Therapeutics, Inc.), Restricted Stock Units Agreement (Halozyme Therapeutics, Inc.)

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Stock Dividend, Stock Split and Reverse Stock Split. Upon a stock dividend of, or stock split or reverse stock split affecting, the Common Stock, the number of outstanding Restricted Stock Units Award Shares and the number of such Award Shares that are nonvested and forfeitable shall, without further action of the Committee, be adjusted to reflect such event; provided, however, . Fractional shares that any fractional Restricted Stock Units resulting result from any such adjustment adjustments shall be eliminated. Adjustments under this paragraph Section 7 will be made by the Committee, whose determination as to what adjustments, if any, will be made and the extent thereof will be final, binding and conclusive.

Appears in 6 contracts

Samples: Restricted Stock Agreement (Forward Air Corp), Restricted Stock Agreement (Forward Air Corp), Restricted Stock Agreement (Forward Air Corp)

Stock Dividend, Stock Split and Reverse Stock Split. Upon a stock dividend of, or stock split or reverse stock split affecting, the Stock, the number of outstanding Restricted Stock Performance Units shall, without further action of the Committee, be adjusted to reflect such event; provided, however, that any fractional Restricted Stock Performance Units resulting from any such adjustment shall be eliminated. Adjustments under this paragraph will be made by the Committee, whose determination as to what adjustments, if any, will be made and the extent thereof will be final, binding and conclusive.

Appears in 3 contracts

Samples: Stock Units Agreement (Halozyme Therapeutics, Inc.), Performance Stock Units Agreement (Halozyme Therapeutics, Inc.), Performance Stock Units Agreement (Halozyme Therapeutics, Inc.)

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Stock Dividend, Stock Split and Reverse Stock Split. Upon a stock dividend of, or stock split or reverse stock split affecting, the Common Stock, the number of outstanding Restricted Stock Units shall, without further action of the CommitteeBoard, be adjusted to reflect such event; provided, however, that any fractional Restricted Stock Units resulting from any such adjustment shall be eliminated. Adjustments under this paragraph Section 8(a) will be made by the CommitteeBoard, whose determination as to what adjustments, if any, will be made and the extent thereof will be final, binding and conclusive.

Appears in 1 contract

Samples: Restricted Stock Units Agreement (Forward Air Corp)

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