Common use of Changes in Capital Structure Clause in Contracts

Changes in Capital Structure. Upon the occurrence of a corporate event (including, without limitation, any stock dividend, stock split, extraordinary cash dividend, recapitalization, reorganization, merger, consolidation, split-up, spin-off, combination or exchange of shares), your award will be adjusted as necessary to preserve the benefits or potential benefits of the award. Without limiting the above, in the event of a subdivision of the outstanding Stock (stock-split), a declaration of a dividend payable in Stock, or a combination or consolidation of the outstanding Stock into a lesser number of Shares, the Shares subject to this Award Agreement will automatically be adjusted proportionately.

Appears in 25 contracts

Samples: Performance Award Agreement (Beneficial Bancorp Inc.), Performance Award Agreement (Sandy Spring Bancorp Inc), Restricted Stock Award Agreement (United Community Bancorp)

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Changes in Capital Structure. Upon the occurrence of a corporate event (including, without limitation, any stock dividend, stock split, extraordinary cash dividend, recapitalization, reorganization, merger, consolidation, split-up, spin-off, combination or exchange of shares), your award Restricted Stock Award will be adjusted as necessary to preserve the benefits or potential benefits of the awardRestricted Stock Award. Without limiting the above, in the event of a subdivision of the outstanding Stock (stock-split), a declaration of a dividend payable in Stock, or a combination or consolidation of the outstanding Stock into a lesser number of Shares, the Shares subject to this Award Agreement will automatically be adjusted proportionately.

Appears in 4 contracts

Samples: Award Agreement (Polonia Bancorp Inc), Equity Incentive Plan (Wellesley Bancorp, Inc.), Stock Option Award Agreement (Fraternity Community Bancorp Inc)

Changes in Capital Structure. Upon the occurrence of a corporate event (including, without limitation, any stock dividend, stock split, extraordinary cash dividend, recapitalization, reorganization, merger, consolidation, split-up, spin-off, combination or exchange of shares), your award will be adjusted as necessary to preserve the benefits or potential benefits of the awardAward. Without limiting the above, in the event of a subdivision of the outstanding Stock (stock-split), a declaration of a dividend payable in Stock, or a combination or consolidation of the outstanding Stock into a lesser number of Shares, the Shares subject to this Award Agreement will automatically be adjusted proportionately.

Appears in 3 contracts

Samples: Restricted Stock Award Agreement (Pulaski Financial Corp), Equity Incentive Plan (Mayflower Bancorp Inc), Award Agreement (BCSB Bancorp Inc.)

Changes in Capital Structure. Upon In the occurrence event of a corporate event or transaction involving the Company (including, without limitation, any stock dividend, stock split, extraordinary cash dividend, recapitalization, reorganization, merger, consolidation, split-up, spin-off, combination or exchange of shares), your the Committee may adjust this award will be adjusted as necessary to preserve the benefits or potential benefits of the this award. Without limiting the aboveforegoing, in the event of a subdivision of the outstanding Stock (stock-split), a declaration of a dividend payable in Stock, or a combination or consolidation of the outstanding Stock into a lesser number of Shares, the Shares then subject to this Award Agreement will shall automatically be adjusted proportionately.

Appears in 3 contracts

Samples: Incentive Stock Option Award Agreement (Provident Community Bancshares, Inc.), Restricted Stock Award Agreement (BV Financial, Inc.), Restricted Stock Award Agreement (FedFirst Financial CORP)

Changes in Capital Structure. Upon the occurrence of a corporate event (including, without limitation, any stock dividend, stock split, extraordinary cash dividend, recapitalization, reorganization, merger, consolidation, split-up, spin-off, combination or exchange of shares), your award Award will be adjusted as necessary to preserve the benefits or potential benefits of the award. Without limiting the above, in the event of a subdivision of the outstanding Stock (stock-split), a declaration of a dividend payable in Stock, or a combination or consolidation of the outstanding Stock into a lesser number of Shares, the Shares subject to this Award Agreement will automatically be adjusted proportionately.

Appears in 3 contracts

Samples: Restricted Stock Unit Award Agreement (Beneficial Bancorp Inc.), Restricted Stock Unit Award Agreement (Sandy Spring Bancorp Inc), Restricted Stock Agreement (Community Financial Corp /Md/)

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Changes in Capital Structure. Upon the occurrence of a corporate event (including, without limitation, any stock dividend, stock split, extraordinary cash dividend, recapitalization, reorganization, merger, consolidation, split-up, spin-off, combination or exchange of sharesshares of Stock), your award Award will be adjusted as necessary to preserve the benefits or potential benefits of the award. Without limiting the above, in the event of a subdivision of the outstanding Stock (stock-split), a declaration of a dividend payable in Stock, or a combination or consolidation of the outstanding Stock into a lesser number of Sharesshares of Stock, the Shares shares of Stock subject to this Award Agreement will automatically be adjusted proportionately.

Appears in 2 contracts

Samples: Restricted Stock Award Agreement (Wellesley Bancorp, Inc.), Restricted Stock Award Agreement (MB Bancorp Inc)

Changes in Capital Structure. Upon In the occurrence event of a corporate event or transaction involving the Company (including, without limitation, any stock dividend, stock split, extraordinary cash dividend, recapitalization, reorganization, merger, consolidation, split-up, spin-off, combination or exchange of shares), your the Committee may adjust this award will be adjusted as necessary to preserve the benefits or potential benefits of the this award. Without limiting the aboveforegoing, in the event of a subdivision of the outstanding Stock (stock-split), a declaration of a dividend payable in Stock, or a combination or consolidation of the outstanding Stock into a lesser number of Shares, the Shares then subject to this Award Agreement will automatically be adjusted proportionately.

Appears in 1 contract

Samples: Kentucky First Federal Bancorp

Changes in Capital Structure. Upon the occurrence of a corporate event (including, without limitation, any stock dividend, stock split, extraordinary cash dividend, recapitalization, reorganization, merger, consolidation, split-up, spin-off, combination or exchange of shares), your award will be adjusted as necessary to preserve the benefits or potential benefits of the awardAward. Without limiting the above, in the event of a subdivision of the outstanding Stock (stock-split), a declaration of a dividend payable in Stock, or a combination or consolidation of the outstanding Stock into a lesser number of Sharesshares, the Shares Restricted Stock or Stock Unit subject to this Award Agreement will automatically be adjusted proportionately.

Appears in 1 contract

Samples: Term Incentive Plan (Penseco Financial Services Corp)

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