Common use of Adjustment for Change in Common Stock Clause in Contracts

Adjustment for Change in Common Stock. As set forth in the Plan, in the event of any change in the outstanding shares of Stock by reason of any stock split, stock dividend, recapitalization, merger, consolidation, combination or exchange of shares or similar corporate change, the number of shares which the Participant may purchase pursuant to the YUM! Stock Appreciation Rights and the Exercise Price at which the Participant may purchase such shares shall be adjusted appropriately in the Committee’s sole discretion.

Appears in 2 contracts

Samples: Global Yum! Stock Appreciation Rights Agreement (Yum Brands Inc), Global Yum! Stock Appreciation Rights Agreement (Yum Brands Inc)

AutoNDA by SimpleDocs

Adjustment for Change in Common Stock. As set forth in the Plan, in In the event of any change in the outstanding shares of Stock YUM! common stock by reason of any stock split, stock dividend, recapitalization, merger, consolidation, combination or exchange of shares or similar corporate change, the number of shares which the Participant may purchase pursuant to the YUM! Stock Appreciation Rights and the Exercise Price at which the Participant may purchase such shares shall be adjusted appropriately in the Committee’s sole 's discretion.

Appears in 1 contract

Samples: Stock Appreciation Rights Agreement (Yum Brands Inc)

Adjustment for Change in Common Stock. As set forth in the Plan, in the event of any change in the outstanding shares of Stock by reason of any stock split, stock dividend, recapitalization, merger, consolidation, combination or exchange of shares or similar corporate change, the number of shares which the Participant may purchase pursuant to the YUM! Stock Appreciation Rights and the Exercise Price at which the Participant may purchase such shares shall be adjusted appropriately in the Committee’s sole discretion. 10.

Appears in 1 contract

Samples: Global Stock Appreciation Rights Agreement

Adjustment for Change in Common Stock. As set forth in the Plan, in In the event of any change in the outstanding shares of Stock YUM! common stock by reason of any stock split, stock dividend, recapitalization, merger, consolidation, combination or exchange of shares or similar corporate change, the number of shares which the Participant may purchase pursuant to the YUM! Stock Appreciation Rights and the Exercise Price at which the Participant may purchase such shares shall be adjusted appropriately in the Committee’s sole 's discretion. 10.

Appears in 1 contract

Samples: Global Stock Appreciation Rights Agreement

AutoNDA by SimpleDocs

Adjustment for Change in Common Stock. As set forth in the Plan, in In the event of any change in the outstanding shares of Stock YUM! common stock by reason of any stock split, stock dividend, recapitalization, merger, consolidation, combination or exchange of shares or similar corporate change, the number of shares which the Participant Optionee may purchase pursuant to the YUM! Stock Appreciation Rights Options and the Exercise Price at which the Participant Optionee may purchase such shares shall be adjusted appropriately in the Committee’s sole 's discretion.

Appears in 1 contract

Samples: Global Non Qualified Stock Option Agreement (Yum Brands Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!