Common use of Adjustment in the Event of Change in Stock; Change in Control Clause in Contracts

Adjustment in the Event of Change in Stock; Change in Control. In the event of certain transactions before they vest, the Restricted Stock shall be subject to adjustment as provided in Section 3(c) of the Plan or any applicable successor provision under the Plan. In the event of a Change in Control before the Restricted Stock vests, the restrictions applicable to the Restricted Stock shall lapse, and such Restricted Stock shall become free of all restrictions and become fully vested and transferable in full, consistent with Section 9(a)(ii) of the Plan.

Appears in 4 contracts

Samples: Restricted Stock Agreement (Kbw, Inc.), Restricted Stock Agreement (Kbw, Inc.), Restricted Stock Agreement (Kbw, Inc.)

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