Common use of Adjustment to Performance Measures Clause in Contracts

Adjustment to Performance Measures. With respect to any Performance Condition, the Company shall adjust the performance measures, performance goals, relative weights of the measures, and other provisions of this Agreement to the extent (if any) it determines, in its sole discretion, that the adjustment is necessary or advisable to preserve the intended incentives and benefits to reflect (1) any stock split, reverse stock split, stock dividend, material change in corporate capitalization, any material corporate transaction (such as a reorganization, combination, separation, merger, acquisition, or any combination of the foregoing), or any complete or partial liquidation of the Company, (2) any change in accounting policies or practices, (3) the effects of any special charges to the Company’s earnings, or (4) any other similar special circumstances.

Appears in 3 contracts

Samples: Stock Appreciation Right Award Agreement (MKS Instruments Inc), Stock Appreciation Right Award Agreement (Newport Corp), Restricted Stock Unit Award Agreement (Newport Corp)

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Adjustment to Performance Measures. With respect to any the Performance Condition, the Company shall adjust the performance measuresmeasure, performance goals, relative weights of the measures, goal and other provisions of this Agreement to the extent (if any) it determines, in its sole discretion, that the adjustment is necessary or advisable to preserve the intended incentives and benefits to reflect (1) any stock split, reverse stock split, stock dividend, material change in corporate capitalization, any material corporate transaction (such as a reorganization, combination, separation, merger, acquisition, or any combination of the foregoing), or any complete or partial liquidation of the Company, (2) any change in accounting policies or practices, (3) the effects of any special charges to the Company’s earnings, or (4) any other similar special circumstances.

Appears in 2 contracts

Samples: Restricted Stock Unit Award Agreement (MKS Instruments Inc), Restricted Stock Unit Award Agreement (Newport Corp)

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Adjustment to Performance Measures. With respect To the extent that the Restricted Stock Units are subject to any Performance ConditionPerformance-Based Vesting, the Company shall adjust the performance measures, performance goals, relative weights of the measures, and other provisions of this Agreement to the extent (if any) it determines, in its sole discretion, determines that the adjustment is necessary or advisable to preserve the intended incentives and benefits to reflect (1) any stock split, reverse stock split, stock dividend, material change in corporate capitalization, any material corporate transaction (such as a reorganization, combination, separation, merger, acquisition, or any combination of the foregoing), or any complete or partial liquidation of the Company, (2) any change in accounting policies or practices, (3) the effects of any special charges to the Company’s earnings, or (4) any other similar special circumstances.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (Newport Corp)

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