Common use of Additional Shares or Substituted Securities Clause in Contracts

Additional Shares or Substituted Securities. In the event of the declaration of a stock dividend, the declaration of an extraordinary dividend payable in a form other than stock, a spin-off, a stock split, an adjustment in conversion ratio, a recapitalization or a similar transaction affecting the Company’s outstanding securities without receipt of consideration, any new, substituted or additional securities or other property (including money paid other than as an ordinary cash dividend) which are by reason of such transaction distributed with respect to any of the Shares subject to this Section 5 or into which such Shares thereby become convertible shall immediately be subject to this Section 5.

Appears in 2 contracts

Samples: Employment and Non Competition Agreement (Univision Holdings, Inc.), Univision Communications Inc

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Additional Shares or Substituted Securities. In the event of the declaration of a stock dividend, the declaration of an extraordinary dividend payable in a form other than stock, a spin-off, a stock split, an adjustment in conversion ratio, a recapitalization or a similar transaction affecting the Company’s outstanding securities without receipt of consideration, any new, substituted or additional securities or other property (including money paid other than as an ordinary cash dividend) which are by reason of such transaction distributed with respect to any of the Shares subject to acquired upon exercise of this Section 5 Option or into which such Shares thereby become convertible shall immediately be subject to this Section 58.

Appears in 2 contracts

Samples: Employment Agreement (Univision Holdings, Inc.), Employment and Non Competition Agreement (Univision Holdings, Inc.)

Additional Shares or Substituted Securities. In the event of the declaration of a stock dividend, the declaration of an extraordinary dividend payable in a form other than stock, a spin-off, a stock split, an adjustment in conversion ratio, a recapitalization or a similar transaction affecting the Company’s outstanding securities without receipt of consideration, any new, substituted or additional securities or other property (including money paid other than as an ordinary cash dividend) which are by reason of such transaction distributed with respect to any of the Shares subject to this Section 5 the Call Right or into which such Shares thereby become convertible shall immediately be subject to this Section 56.

Appears in 2 contracts

Samples: Employment and Non Competition Agreement (Univision Holdings, Inc.), Univision Communications Inc

Additional Shares or Substituted Securities. In the event of the declaration of a stock dividend, the declaration of an extraordinary dividend payable in a form other than stock, a spin-off, a stock split, an adjustment in conversion ratio, a recapitalization or a similar transaction affecting the Company’s outstanding securities without receipt of consideration, any new, substituted or additional securities or other property (including money paid other than as an ordinary cash dividend) which are by reason of such transaction distributed with respect to any of the Shares subject to this Section 5 the Call Right or into which such Shares thereby become convertible shall immediately be subject to this Section 59.

Appears in 2 contracts

Samples: Employment Agreement (Univision Holdings, Inc.), Employment and Non Competition Agreement (Univision Holdings, Inc.)

Additional Shares or Substituted Securities. In the event of the declaration of a stock dividend, the declaration of an extraordinary dividend payable in a form other than stock, a spin-off, a stock split, an adjustment in conversion ratio, a recapitalization or a similar transaction affecting the Company’s outstanding securities without receipt of consideration, any new, substituted or additional securities or other property (including money paid other than as an ordinary cash dividend) which are by reason of such transaction distributed with respect to any of the Shares subject to this Section 5 or 7 into which such Shares thereby become convertible shall immediately be subject to this Section 57.

Appears in 2 contracts

Samples: Stock Option Agreement (Citadel Broadcasting Corp), Stock Option Agreement (Citadel Broadcasting Corp)

Additional Shares or Substituted Securities. In the event of the declaration of a stock dividend, the declaration of an extraordinary dividend payable in a form other than stock, a spin-off, a stock split, an adjustment in conversion ratio, a recapitalization or a similar transaction affecting the Company’s outstanding securities without receipt of consideration, any new, substituted or additional securities or other property (including money paid other than as an ordinary cash dividend) which are by reason of such transaction distributed with respect to any of the Shares subject to acquired upon exercise of this Section 5 Option or into which such Shares thereby become convertible shall immediately be subject to this Section 5SECTION 8.

Appears in 2 contracts

Samples: Option Award Agreement (Univision Communications Inc), Option Award Agreement (Univision Communications Inc)

Additional Shares or Substituted Securities. In the event of the declaration of a stock dividend, the declaration of an extraordinary dividend payable in a form other than stock, a spin-off, a stock split, an adjustment in conversion ratio, a recapitalization or a similar transaction affecting the Company’s outstanding securities without receipt of consideration, any new, substituted or additional securities or other property (including money paid other than as an ordinary cash dividend) which are by reason of such transaction distributed with respect to any of the Shares subject to this Section 5 the Call Right or into which such Shares thereby become convertible shall immediately be subject to this Section 5SECTION 9.

Appears in 2 contracts

Samples: Option Award Agreement (Univision Communications Inc), Option Award Agreement (Univision Communications Inc)

Additional Shares or Substituted Securities. In the event of the declaration of a stock dividend, the declaration of an extraordinary dividend payable in a form other than stock, a spin-off, a stock split, an adjustment in conversion ratio, a recapitalization or a similar transaction affecting the Company’s outstanding securities without receipt of consideration, any new, substituted or additional securities or other property (including money paid other than as an ordinary cash dividend) which are by reason of such transaction distributed with respect to any of the Granted Shares subject to this Section 5 or into which such Granted Shares thereby become convertible shall immediately be subject to this Section 5.

Appears in 1 contract

Samples: Restricted Stock Award Agreement (Univision Communications Inc)

Additional Shares or Substituted Securities. In the event of the declaration of a stock dividend, the declaration of an extraordinary dividend payable in a form other than stock, a spin-off, a stock split, an adjustment in conversion ratio, a recapitalization or a similar transaction affecting the Company’s outstanding securities without receipt of consideration, any new, substituted or additional securities or other property (including money paid other than as an ordinary cash dividend) which are by reason of such transaction distributed with respect to any of the Shares subject to this Section 5 7 or into which such Shares thereby become convertible shall immediately be subject to this Section 57.

Appears in 1 contract

Samples: Employee Non Statutory Stock Option Agreement (Panolam Industries International Inc)

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Additional Shares or Substituted Securities. In the event of the declaration of a stock dividend, the declaration of an extraordinary dividend payable in a form other than stock, a spin-off, a stock split, an adjustment in conversion ratio, a recapitalization or a similar transaction affecting the Company’s outstanding securities capital stock without receipt of consideration, any new, substituted or additional securities or other property (including money paid other than as an ordinary cash dividend) which are by reason of such transaction distributed with respect to any of the Shares subject to this Section 5 6 or into which such Shares thereby become convertible shall immediately be subject to this Section 5.6 and

Appears in 1 contract

Samples: Securities Escrow Agreement (Wattles Acquisition Corp)

Additional Shares or Substituted Securities. In the event of the declaration of a stock dividend, the declaration of an extraordinary dividend payable in a form other than stock, a spin-off, a stock split, an adjustment in conversion ratio, a recapitalization or a similar transaction affecting the Company’s outstanding securities without receipt of consideration, any new, substituted or additional securities or other property (including money paid other than as an ordinary cash dividend) which are by reason of such transaction distributed with respect to any of the Granted Shares subject to this Section 5 the Call Right or into which such Granted Shares thereby become convertible shall immediately be subject to this Section 57.

Appears in 1 contract

Samples: Restricted Stock Award Agreement (Univision Communications Inc)

Additional Shares or Substituted Securities. In the event of the declaration of a stock dividend, the declaration of an extraordinary dividend payable in a form other than stock, a spin-off, a stock split, an adjustment in conversion ratio, a recapitalization or a similar transaction affecting the Company’s outstanding securities capital stock without receipt of consideration, any new, substituted or additional securities or other property (including money paid other than as an ordinary cash dividend) which are by reason of such transaction distributed with respect to any of the Shares subject to this Section 5 or into which such Shares thereby become convertible shall immediately be subject to this Section 5.5 and

Appears in 1 contract

Samples: Stock Escrow Agreement (K Road Acquisition CORP)

Additional Shares or Substituted Securities. In the event of the declaration of a stock dividend, the declaration of an extraordinary dividend payable in a form other than stock, a spin-off, a stock split, an adjustment in conversion ratio, a recapitalization or a similar transaction affecting the Company’s outstanding securities without receipt of consideration, any new, substituted or additional securities or other property (including money paid other than as an ordinary cash dividend) which are by reason of such transaction distributed with respect to any of the Granted Shares subject to this Section 5 6 or into which such Granted Shares thereby become convertible shall immediately be subject to this Section 56.

Appears in 1 contract

Samples: Restricted Stock Award Agreement (Univision Communications Inc)

Additional Shares or Substituted Securities. In the event of the declaration of a stock dividend, the declaration of an extraordinary dividend payable in a form other than stock, a spin-off, a stock split, an adjustment in conversion ratio, a recapitalization or a similar transaction affecting the Company’s outstanding securities without receipt of consideration, any new, substituted or additional securities or other property (including money paid other than as an ordinary cash dividend) which are by reason of such transaction event distributed with respect to any of the Shares subject to this Section 5 3 or into which such Shares thereby become convertible shall immediately be subject to this Section 53.

Appears in 1 contract

Samples: Incentive Plan Restricted Stock Agreement (Darling International Inc)

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