Common use of Adjustment of Awards Clause in Contracts

Adjustment of Awards. The number of Performance Stock Units (and any associated Dividend Equivalent Units) awarded or credited to the Participant pursuant to this Agreement may be adjusted by the Committee in accordance with the terms of the Incentive Plan to reflect certain corporate transactions which affect the number, type or value of the Performance Stock Units (and associated Dividend Equivalent Units).

Appears in 6 contracts

Samples: Ambac Financial (Ambac Financial Group Inc), Ambac Financial (Ambac Financial Group Inc), Ambac Financial (Ambac Financial Group Inc)

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