Common use of Adjustment to Common Stock Clause in Contracts

Adjustment to Common Stock. In the event of any stock split, stock dividend, recapitalization, reorganization, merger, consolidation, combination, exchange of shares, liquidation, spin-off or other similar change in capitalization or event, or any distribution to holders of Common Stock other than a normal cash dividend, the number and class of securities each RSU shall be convertible into under this Agreement and the number of Shares underlying the Option shall be appropriately adjusted by Company to the extent the authorized administrator of the Plan shall determine, in good faith, that such an adjustment is necessary and appropriate.

Appears in 12 contracts

Samples: Restricted Stock Unit and Option Agreement (Beacon Power Corp), Restricted Stock Unit and Option Agreement (Beacon Power Corp), Restricted Stock Unit and Option Agreement (Beacon Power Corp)

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Adjustment to Common Stock. In the event of any stock split, stock dividend, recapitalization, reorganization, merger, consolidation, combination, exchange of shares, liquidation, spin-off or other similar change in capitalization or event, or any distribution to holders of Common Stock other than a normal cash dividend, the number and class of securities each RSU shall be convertible into under this Agreement and the number of Shares underlying the Option shall be appropriately adjusted by Company to the extent the authorized administrator of the Plan shall determine, in good faith, that such an adjustment is necessary and appropriate.

Appears in 5 contracts

Samples: Option Agreement (Beacon Power Corp), Option Agreement (Beacon Power Corp), Option Agreement (Beacon Power Corp)

Adjustment to Common Stock. In the event of any stock split, stock dividend, recapitalization, reorganization, merger, consolidation, combination, exchange of shares, liquidation, spin-off or other similar change in capitalization or event, or any distribution to holders of Common Stock other than a normal cash dividend, the number and class of securities each RSU shall be convertible into under this Agreement and the number of Shares underlying the Option shall be appropriately adjusted by Company to the extent the authorized administrator of the Plan shall determine, in good faith, that such an adjustment is necessary and appropriate.

Appears in 4 contracts

Samples: Restricted Stock Unit Agreement (Beacon Power Corp), Performance Based Restricted Stock Unit Agreement (Beacon Power Corp), Performance Based Restricted Stock Unit Agreement (Beacon Power Corp)

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Adjustment to Common Stock. In the event of any stock split, stock dividend, recapitalization, reorganization, merger, consolidation, combination, exchange of shares, liquidation, spin-off or other similar change in capitalization or event, or any distribution to holders of Common Stock other than a normal cash dividend, the number and class of securities each RSU shall be convertible into under this Agreement and the number of Shares underlying the Option shall be appropriately adjusted by Company to the extent the authorized administrator of the Plan Board shall determine, in good faith, that such an adjustment is necessary and appropriate.. As used in this Agreement, "

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (Beacon Power Corp)

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