Adjustment in Numbers of Shares. Notwithstanding Section 5(a)(i), if before any Options are granted there occurs an event resulting in an adjustment pursuant to Section 9.08 of the LTIP, a corresponding adjustment shall be made to the number of such Options set forth in Section 5(a)(i). In addition, any event resulting in an adjustment pursuant to Section 9.08 of the LTIP shall result in a corresponding adjustment to the number of Options that vest on each of the dates specified in Section 5(a)(ii).
Appears in 12 contracts
Samples: Employment Agreement (Allegheny Energy, Inc), Employment Agreement (West Penn Power Co), Employment Agreement (Monongahela Power Co /Oh/)
Adjustment in Numbers of Shares. Notwithstanding Section 5(a)(i), if before any Options are granted there occurs an event resulting in an adjustment pursuant to Section 9.08 of the LTIP, a corresponding adjustment shall be made to the number of such Options set forth in Section 5(a)(i). In addition, any Any event resulting in an adjustment pursuant to Section 9.08 of the LTIP shall result in a corresponding adjustment to the number of Options that vest on each of the dates specified in Section 5(a)(ii).
Appears in 3 contracts
Samples: Employment Agreement (Allegheny Energy, Inc), Employment Agreement (Allegheny Energy, Inc), Employment Agreement (Allegheny Energy, Inc)
