Common use of Adjustment in Provisions Clause in Contracts

Adjustment in Provisions. In the event that there are any changes in the outstanding common stock of the Company by reason of stock dividends, stock splits, or recapitalizations (whether by way of mergers, consolidations, combinations, or exchanges of shares or the like), the divisions of shares of Restricted Stock into parts, the provisions for termination of restrictions on parts of Restricted Stock, and any other relevant portions of this Agreement shall be appropriately adjusted by the Compensation Committee of the Board of Directors, or the full Board of Directors, as the case may be, of the Company, if necessary, to reflect equitably such change or changes.

Appears in 7 contracts

Samples: Restricted Stock Agreement (Enterprise Bancorp Inc /Ma/), Restricted Stock Agreement (Enterprise Bancorp Inc /Ma/), Restricted Stock Agreement (Enterprise Bancorp Inc /Ma/)

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Adjustment in Provisions. In the event that there are any changes in the outstanding common stock of the Company by reason of stock dividends, stock splits, or recapitalizations (whether by way of mergers, consolidations, combinations, or exchanges of shares or the like), the divisions of shares of Restricted Stock into parts, the provisions for termination of restrictions on parts of Restricted Stock, and any other relevant portions of this Agreement shall be appropriately adjusted by the Compensation Committee of the Board of Directors, or the full Board of Directors, as the case may be, of the Company, if necessary, to reflect equitably such change or changes. 11. [Intentionally Omitted] 12.

Appears in 1 contract

Samples: Restricted Stock Agreement (Enterprise Bancorp Inc /Ma/)

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