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 PSUs shall, without further action of the Administrator, be adjusted to reflect such event; provided, however, that any fractional PSUs resulting from any such adjustment shall be eliminated. Adjustments under this paragraph will be made by the Administrator, 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: Restricted Stock Units Agreement (Skyward Specialty Insurance Group, Inc.), Restricted Stock Units Agreement (Skyward Specialty Insurance Group, Inc.), Restricted Stock Units Agreement (Skyward Specialty Insurance Group, Inc.)
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 PSUs shall, without further action of the Administrator, be adjusted to reflect such event; provided, however, that any fractional PSUs resulting from any such adjustment shall be eliminated. Adjustments under this paragraph will be made by the Administrator, whose determination as to what adjustments, if any, will be made and the extent thereof will be final, binding, binding and conclusive.
Appears in 2 contracts
Samples: Restricted Stock Units Agreement (Skyward Specialty Insurance Group, Inc.), Restricted Stock Units Agreement (Skyward Specialty Insurance Group, Inc.)
