Common use of Adjustments to Awards Clause in Contracts

Adjustments to Awards. At any time prior to the end of a Performance Period, the Committee may adjust downward (but not upward) the Performance Target and/or the Minimum Target as a result of major events unforeseen at the time of the Performance Share award, such as changes in the economy, the industry, laws affecting the operations of the Company or a Subsidiary or any other event the Committee determines would have a significant impact upon the probability of attaining the previously established Performance Target.

Appears in 3 contracts

Samples: Russian Wireless Telephone Co Inc, Blimpie International Inc, Blimpie International Inc

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Adjustments to Awards. At any time prior to the end of a Performance --------------------- Period, the Committee may adjust downward (but not upward) the Performance Target and/or the Minimum Target as a result of major events unforeseen at the time of the Performance Share award, such as changes in the economy, the industry, laws affecting the operations of the Company or a Subsidiary or any other event the Committee determines would have a significant impact upon the probability of attaining the previously established Performance Target.

Appears in 1 contract

Samples: Blimpie International Inc

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