Common use of Adjustment to Awards upon Certain Acquisitions Clause in Contracts

Adjustment to Awards upon Certain Acquisitions. In the event the Company or any Affiliate shall assume outstanding employee Awards or the right or obligation to make future Awards in connection with the acquisition of another business or another corporation or business entity, the Committee shall make such adjustments, not inconsistent with the terms of the Plan, in the terms of Awards granted to Key Employee Participants or Advisor Participants (and the Board shall make such adjustments with respect to Non-Employee Directors) as it shall deem appropriate in order to achieve reasonable comparability or other equitable relationship between the assumed Awards and the Awards granted under the Plan to Participants as so adjusted.

Appears in 2 contracts

Samples: Omnibus Plan (Stein Mart Inc), 2001 Omnibus Plan (Stein Mart Inc)

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Adjustment to Awards upon Certain Acquisitions. In the event the Company or any Affiliate shall assume outstanding employee Awards awards or the right or obligation to make future Awards awards in connection with the acquisition of another business or another corporation or business entity, the Committee shall make such adjustments, not inconsistent with the terms of the Plan, in the terms of Awards granted to Key Employee Participants or Advisor Participants (and the Board shall make such adjustments with respect to Non-Employee Directors) as it shall deem appropriate in order to achieve reasonable comparability or other equitable relationship between the assumed Awards awards and the Awards granted under the Plan to Participants as so adjusted.

Appears in 1 contract

Samples: 2001 Omnibus Plan (Stein Mart Inc)

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Adjustment to Awards upon Certain Acquisitions. In addition to and not in lieu of the authority granted the Committee or Board, as applicable, under Section 4.3, in the event the Company or any Affiliate shall assume outstanding employee Awards awards or the right or obligation to make future Awards awards in connection with the acquisition of another business or another corporation or business entity, the Committee shall or Board, as applicable, may make such adjustments, not inconsistent with the terms of the Plan, in the terms of Awards granted to Key Employee Participants or Advisor Participants (and the Board shall make such adjustments with respect to Non-Employee Directors) as it shall deem appropriate in order to achieve reasonable comparability or other equitable relationship between the assumed Awards awards and the Awards granted under the Plan to Participants as so adjusted.

Appears in 1 contract

Samples: Long Term Omnibus Plan (Regency Centers Corp)

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