Common use of Adjustment Upon Changes in Stock Clause in Contracts

Adjustment Upon Changes in Stock. The number of shares granted as Restricted Stock, shall be adjusted proportionately, and any other appropriate adjustments shall be made, for any increase or decrease in the total number of issued and outstanding Stock (or change in kind) resulting from any change in the Stock through a merger, consolidation, reorganization, recapitalization, subdivision or consolidation of shares or other capital adjustment or the payment of a stock dividend or other increase or decrease (or change in kind) in such shares. In the event of any such adjustment, fractional shares shall be eliminated.

Appears in 4 contracts

Samples: Harvest Natural Resources (Harvest Natural Resources, Inc.), Harvest Natural Resources (Harvest Natural Resources, Inc.), Harvest Natural Resources (Harvest Natural Resources, Inc.)

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