Common use of Adjustment Upon Changes in Stock Clause in Contracts

Adjustment Upon Changes in Stock. If there shall be any change in the number of shares of Common Stock outstanding resulting from subdivision, combination, or reclassification of shares, or through merger, consolidation, reorganization, recapitalization, stock dividend, stock split or other change in the corporate structure, an appropriate adjustment in the number of Units with respect to which restrictions have not lapsed shall be made by the Committee. Depending upon the change in corporate structure, the Committee shall issue additional Units or substitute Units to the Grantee for his or her account, which shall have the same restrictions, terms and conditions as the original Units. Any such adjustment shall be in accordance with the applicable provisions of Section 14 and/or Section 15 of the Plan.

Appears in 19 contracts

Samples: Award Agreement (Atmos Energy Corp), Award Agreement (Atmos Energy Corp), Award Agreement (Atmos Energy Corp)

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Adjustment Upon Changes in Stock. If there shall be any change in the number of shares of Common Stock outstanding resulting from subdivision, combination, or reclassification of shares, or through merger, consolidation, reorganization, recapitalization, stock dividend, stock split or other change in the corporate structure, an appropriate adjustment in the number of Units with respect to which restrictions have not lapsed shall be made by the Committee. Depending upon the change in corporate structure, the Committee shall issue additional Units or substitute Units to the Grantee for his or her account, which shall have the same restrictions, terms and conditions as the original Units. Any such adjustment shall be in accordance with the applicable provisions of Section 14 and/or Section 15 of the Plan.

Appears in 4 contracts

Samples: Award Agreement (Atmos Energy Corp), Award Agreement (Atmos Energy Corp), Award Agreement (Atmos Energy Corp)

Adjustment Upon Changes in Stock. If there shall be any change in the number of shares of Common Stock outstanding resulting from subdivision, combination, or reclassification of shares, or through merger, consolidation, reorganization, recapitalization, stock dividend, stock split or other change in the corporate structure, an appropriate adjustment in the number of Units with respect to which restrictions have not lapsed shall be made by the Committee. Depending upon the change in corporate structure, the Committee shall will issue additional Units or substitute Units to the Grantee for his or her account, which shall have the same restrictions, terms and conditions as the original Units. Any such adjustment shall be in accordance with the applicable provisions of Section 14 and/or Section 15 of the Plan.

Appears in 3 contracts

Samples: Award Agreement (Atmos Energy Corp), Award Agreement (Atmos Energy Corp), Award Agreement (Atmos Energy Corp)

Adjustment Upon Changes in Stock. If there shall be is any change in the number of shares of Common Stock outstanding resulting from subdivision, combination, or reclassification of shares, or through merger, consolidation, reorganization, recapitalization, stock dividend, stock split or other change in the corporate structure, an appropriate adjustment in the number of Units with respect to which restrictions have not lapsed shall will be made by the Committee. Depending upon the change in corporate structure, the Committee shall will issue additional Units or substitute Units to the Grantee for his or her account, which shall will have the same restrictions, terms and conditions as the original Units. Any such adjustment shall will be in accordance with the applicable provisions of Section 14 and/or Section 15 of the Plan.

Appears in 1 contract

Samples: Award Agreement (Atmos Energy Corp)

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Adjustment Upon Changes in Stock. If there shall be any change in the number of shares of Common Stock outstanding resulting from subdivision, combination, or reclassification of shares, or through merger, consolidation, reorganization, recapitalization, stock dividend, stock split or other change in the corporate structure, an appropriate adjustment in the number of Units with respect to which restrictions have not lapsed shall be made by the Committee. Depending upon the change in corporate structure, the Committee shall will issue additional Units or substitute substituted Units to the Grantee for his or her account, which shall have the same restrictions, terms and conditions as the original Units. Any such adjustment shall be in accordance with the applicable provisions of Section 14 and/or Section 15 of the Plan.

Appears in 1 contract

Samples: Award Agreement (Atmos Energy Corp)

Adjustment Upon Changes in Stock. If there shall be is any change in the number of shares of Common Stock outstanding resulting from subdivision, combination, or reclassification of shares, or through merger, consolidation, reorganization, recapitalization, stock dividend, stock split or other change in the corporate structure, an appropriate adjustment in the number of Stock Units with respect to which restrictions have not lapsed shall will be made by the Committee. Depending upon the change in corporate structure, the Committee shall will issue additional Stock Units or substitute Stock Units to the Grantee for his or her account, which shall will have the same restrictions, terms and conditions as the original Stock Units. Any such adjustment shall will be in accordance with the applicable provisions of Section 14 and/or Section 15 of the Plan.

Appears in 1 contract

Samples: Non Employee Director Award Agreement (Atmos Energy Corp)

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