Common use of Adjustment to Number of Shares Clause in Contracts

Adjustment to Number of Shares. In the event of a forward or reverse stock split of the issued and outstanding Shares of Common Stock of the Company, a Common Stock dividend or distribution, an asset distribution, recapitalization, reorganization or similar transaction by the Company which would customarily result in an adjustment to the number of Shares of Common Stock issuable or outstanding under other outstanding securities of the Company, then the number of Shares subject to vesting and issuance under this Agreement will automatically be adjusted upward or downward, as the case may be, proportionately and appropriately.

Appears in 7 contracts

Samples: Restricted Stock Agreement (Freedom Leaf Inc.), Restricted Stock Agreement (Freedom Leaf Inc.), Restricted Stock Agreement (Freedom Leaf Inc.)

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Adjustment to Number of Shares. In the event of a forward or reverse stock split of the issued and outstanding Shares shares of Common Stock common stock of the Company, a Common Stock common stock dividend or distribution, an asset distribution, recapitalization, reorganization or similar transaction by the Company which would customarily result in an adjustment to the number of Shares shares of Common Stock common stock issuable or outstanding under other outstanding securities of the Company, then the number of Shares subject to vesting and issuance under this Agreement will automatically be adjusted upward or downward, as the case may be, proportionately and appropriately.

Appears in 3 contracts

Samples: Restricted Stock Grant Agreement (Envision Solar International, Inc.), Restricted Stock Grant Agreement (Envision Solar International, Inc.), Restricted Stock Grant Agreement (Envision Solar International, Inc.)

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