Common use of Adjustment of Shares Clause in Contracts

Adjustment of Shares. As provided in the Plan, in the event of any change in the Common Stock of the Company by reason of any stock dividend, stock split, recapitalization, merger, consolidation, split-up, combination or exchange of Shares, or of any similar change affecting the Common Stock, the Shares shall be adjusted automatically consistent with such change to prevent substantial dilution or enlargement of the rights granted to, or available for, the Participant.

Appears in 9 contracts

Samples: Restricted Stock Award Agreement (Intervest Bancshares Corp), Restricted Stock Award Agreement (Intervest Bancshares Corp), Restricted Stock Award Agreement (Intervest Bancshares Corp)

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Adjustment of Shares. As provided in by the Plan, in the event of any change in the Common Stock of the Company by reason of any stock dividend, stock split, recapitalization, reorganization, merger, consolidation, split-up, combination combination, or exchange of Shares, or of any similar change affecting the Common Stock, the Shares shall be adjusted automatically consistent with such change to prevent substantial dilution or enlargement of the rights granted to, or available for, the ParticipantParticipant hereunder.

Appears in 8 contracts

Samples: Restricted Stock Award Agreement (Financial Institutions Inc), Restricted Stock Award Agreement (Financial Institutions Inc), Restricted Stock Award Agreement (Financial Institutions Inc)

Adjustment of Shares. As provided in by the Plan, in the event of any change in the Common Stock capital stock of the Company by reason of any stock dividend, stock split, recapitalization, reorganization, merger, consolidation, split-up, combination combination, or exchange of Sharesshares, or rights offering to purchase capital stock at a price substantially below fair market value, or of any similar change affecting the Common Stockcapital stock, the Shares shall be adjusted automatically consistent with such change to prevent substantial dilution or enlargement of the rights granted to, or available for, the ParticipantParticipant hereunder.

Appears in 6 contracts

Samples: Restricted Stock Award Agreement (Constellation Brands, Inc.), Restricted Stock Award Agreement (Constellation Brands, Inc.), Restricted Stock Award Agreement (Constellation Brands, Inc.)

Adjustment of Shares. As provided in by the Plan, in the event of any change in the Common Stock of the Company by reason of any stock dividend, stock split, recapitalization, reorganization, merger, consolidation, split-up, combination combination, or exchange of Shares, or of any similar change affecting the Common Stock, the Shares shall be adjusted automatically consistent with such change to prevent substantial dilution or enlargement of the rights granted to, or available for, the Participant.

Appears in 4 contracts

Samples: Restricted Stock Award Agreement (Lexington Precision Corp), Restricted Stock Award Agreement (Lexington Precision Corp), Restricted Stock Award Agreement (Lexington Precision Corp)

Adjustment of Shares. As provided in by the Plan, in the event of any change increase or decrease in the number of issued shares of Common Stock of the Company by reason of any stock dividend, resulting from a stock split, recapitalization, merger, consolidation, split-upstock dividend, combination or exchange of Sharesshares, exchange for other securities, reclassification, reorganization, recapitalization, or any other increase or decrease in the number of any similar change affecting outstanding shares of Common Stock effected without consideration to the Common StockCompany, the specified number of Shares shall be proportionately adjusted automatically consistent with such change to prevent substantial dilution or enlargement of the rights granted to, or available for, the ParticipantDirector hereunder.

Appears in 2 contracts

Samples: Annual Restricted Stock Award Agreement (Financial Institutions Inc), Annual Restricted Stock Award Agreement (Financial Institutions Inc)

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Adjustment of Shares. As provided in by the Plan, in the event of any change increase or decrease in the number of issued shares of Common Stock of the Company by reason of any stock dividend, resulting from a stock split, recapitalization, merger, consolidation, split-upstock dividend, combination or exchange of Sharesshares, exchange for other securities, reclassification, reorganization, recapitalization, or any other increase or decrease in the number of any similar change affecting outstanding shares of Common Stock effected without consideration to the Common StockCompany, the specified number of Shares shall be proportionately adjusted automatically consistent with such change to prevent substantial dilution or enlargement of the rights granted to, or available for, the ParticipantParticipant hereunder.

Appears in 1 contract

Samples: Restricted Stock Award Agreement (Financial Institutions Inc)

Adjustment of Shares. As provided in the Plan, in In the event that the number of any change in outstanding shares of the Common Stock common stock of the Company is changed by reason of any a stock dividend, stock split, recapitalization, merger, consolidation, reverse stock split-up, combination or exchange of Shares, or of any similar change affecting in the Common Stockcapital structure of the Company without consideration, the number of Shares subject to purchase and available for issuance under this Plan shall be adjusted automatically consistent with such change proportionately adjusted, subject to prevent substantial dilution any legally required action by the Board or enlargement the shareholders of the rights granted to, or available for, the ParticipantCompany.

Appears in 1 contract

Samples: Stock Purchase Agreement (Overstock Com Inc)

Adjustment of Shares. As provided in by the Plan, in the event of any change in the Common Stock of the Company by reason of any stock dividend, stock split, recapitalization, reorganization, merger, consolidation, split-up, combination combination, or exchange of Shares, or of any similar change affecting the Common Stock, the Shares shall be adjusted automatically consistent with such change to prevent substantial dilution or enlargement of the rights granted to, or available for, the ParticipantDirector hereunder.

Appears in 1 contract

Samples: Restricted Stock Award Agreement (Financial Institutions Inc)

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