Adjustment. 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 Stock other than a regular cash dividend, the number and class of securities subject to the Award shall be appropriately adjusted by the Committee. If any adjustment would result in a fractional security being subject to the Award, the Company shall pay the Holder in connection with the vesting, if any, of such fractional security, an amount in cash determined by multiplying (i) such fraction (rounded to the nearest hundredth) by (ii) the Fair Market Value on the vesting date. The decision of the Committee regarding any such adjustment shall be final, binding and conclusive.
Appears in 15 contracts
Samples: Restricted Stock Award Agreement (El Paso Electric Co /Tx/), Restricted Stock Award Agreement (El Paso Electric Co /Tx/), Restricted Stock Award Agreement (El Paso Electric Co /Tx/)
Adjustment. 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 Stock other than a regular cash dividend, the number and class of securities subject to the Award shall be appropriately adjusted by the Committee. If any adjustment would result in a fractional security being subject to the Award, the Company shall pay the Holder in connection with the vesting, if any, of such fractional security, an amount in cash determined by multiplying (i) such fraction (rounded to the nearest hundredth) by (ii) the Fair Market Value on the vesting date. The decision of the Committee regarding any such adjustment shall be final, binding and conclusive.
Appears in 12 contracts
Samples: Restricted Stock Award Agreement (El Paso Electric Co /Tx/), Restricted Stock Award Agreement (El Paso Electric Co /Tx/), Restricted Stock Award Agreement (El Paso Electric Co /Tx/)
Adjustment. 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 Stock other than a regular cash dividend, the number and class of securities subject to the Award shall be appropriately equitably adjusted by the CommitteeBoard. If any adjustment would result in a fractional security being subject to the Award, the Company shall pay the Holder in connection with the first vesting, if anyin whole or in part, of occurring after such fractional securityadjustment, an amount in cash determined by multiplying (i) such fraction (rounded to the nearest hundredth) by (ii) the Fair Market Value of such security on the vesting datedate as determined by the Board. The decision of the Committee Board regarding any such adjustment and the Fair Market Value of any fractional security shall be final, binding and conclusive.
Appears in 5 contracts
Samples: Restricted Stock Award Agreement, Restricted Stock Unit Award Agreement (Thermon Holding Corp.), Performance Unit Award Agreement (Thermon Holding Corp.)
Adjustment. 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 Stock other than a regular cash dividend, the number and class of securities subject to the Award Units shall be appropriately adjusted by the Committee. If any adjustment would result in a fractional security being subject to the AwardUnits, the Company shall pay the Holder in connection with the vesting, if any, of such fractional security, security an amount in cash determined by multiplying (i) such fraction (rounded to the nearest hundredth) by (ii) the Fair Market Value on the vesting dateVesting Date. The decision of the Committee regarding any such adjustment shall be final, binding and conclusive.
Appears in 3 contracts
Samples: Restricted Stock Unit Award Agreement (Owens Corning), Award Agreement (Owens Corning), Award Agreement (Owens Corning)
Adjustment. 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 regular cash dividend, the number and class of securities subject to the Award shall be appropriately adjusted by the Committee. If any adjustment would result in a fractional security being subject to the Award, the Company shall pay the Holder in connection with the first vesting, if anyin whole or in part, of occurring after such fractional securityadjustment, an amount in cash determined by multiplying (ia) such fraction (rounded to the nearest hundredth) by (iib) the Fair Market Value of such security on the vesting datedate as determined by the Committee. The decision of the Committee regarding any such adjustment and the Fair Market Value of any fractional security shall be final, binding and conclusive.
Appears in 2 contracts
Samples: Term Incentive Plan (Aviv Reit, Inc.), Term Incentive Plan (Aviv Reit, Inc.)
Adjustment. 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 regular cash dividend, the number and class of securities subject to the Award shall be appropriately adjusted by the CommitteeBoard. If any adjustment would result in a fractional security being subject to the Award, the Company shall pay the Holder in connection with the first vesting, if anyin whole or in part, of occurring after such fractional securityadjustment, an amount in cash determined by multiplying (ia) such fraction (rounded to the nearest hundredth) by (iib) the Fair Market Value of such security on the vesting datedate as determined by the Board. The decision of the Committee Board regarding any such adjustment and the Fair Market Value of any fractional security shall be final, binding and conclusive.
Appears in 2 contracts
Samples: 2013 Long Term Incentive Plan (Aviv Reit, Inc.), Term Incentive Plan (Aviv Reit, Inc.)
Adjustment. 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 Stock other than a regular cash dividend, the number and class of securities subject to the Award shall be appropriately adjusted by the Committee. If any adjustment would result in a fractional security being subject to the Award, the Company shall pay the Holder in connection with the vesting, if any, of such fractional security, security an amount in cash determined by multiplying (i) such fraction (rounded to the nearest hundredth) by (ii) the Fair Market Value on the vesting dateVesting Date. The decision of the Committee regarding any such adjustment shall be final, binding and conclusive.
Appears in 2 contracts
Samples: Award Agreement (Owens Corning), Award Agreement (Owens Corning)
Adjustment. 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 Stock other than a regular cash dividend, the number and class of securities subject to the Award shall be appropriately equitably adjusted by the CommitteeBoard. If any adjustment would result in a fractional security being subject to the Award, the Company shall pay the Holder in connection with the first vesting, if anyin whole or in part, of occurring after such fractional securityadjustment, an amount in cash determined by multiplying (i) such fraction (rounded to the nearest hundredth) by (ii) the Fair Market Value of such security on the vesting datedate as determined by the Board. The decision of the Committee Board regarding any such adjustment and the Fair Market Value of any fractional security shall be final, binding and conclusive.
Appears in 2 contracts
Samples: Restricted Stock Unit Award Agreement (Thermon Group Holdings, Inc.), Performance Unit Award Agreement (Thermon Group Holdings, Inc.)
Adjustment. 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 regular cash dividend, the number and class of securities subject to the Award shall be appropriately adjusted by the Committee. If any adjustment would result in a fractional security being subject to the Award, the Company shall pay the Holder Holder, in connection with the vesting, if any, of such fractional security, an amount in cash determined by multiplying (i) such fraction (rounded to the nearest hundredth) by (ii) the Fair Market Value on the vesting date. The decision of the Committee regarding any such adjustment shall be final, binding and conclusive.
Appears in 2 contracts
Samples: Stock Award Agreement (Commonwealth Edison Co), Stock Award Agreement (Commonwealth Edison Co)
Adjustment. In the event of any stock split, stock dividend, ---------- recapitalization, reorganization, merger, consolidation, combination, exchange of shares, liquidation, spin-off spin‑off or other similar change in capitalization or event, or any distribution to holders of Stock other than a regular cash dividend, the number and class of securities subject to the Award shall be appropriately adjusted by the Committee. If any adjustment would result in a fractional security being subject to the Award, the Company shall pay the Holder in connection with the vesting, if any, of such fractional security, an amount in cash determined by multiplying (i) such fraction (rounded to the nearest hundredth) by (ii) the Fair Market Value on the vesting date. The decision of the Committee regarding any such adjustment shall be final, binding and conclusive.
Appears in 2 contracts
Samples: Term Incentive Award Agreement (El Paso Electric Co /Tx/), Long Term Incentive Award Agreement (El Paso Electric Co /Tx/)
Adjustment. 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 Stock other than a regular cash dividend, the number and class of securities subject to the Award shall be appropriately adjusted by the Committee. If any adjustment would result in a fractional security being subject to the Award, the Company shall pay the Holder in connection with the vesting, if any, of such fractional security, an amount in cash determined by multiplying (i) such fraction (rounded to the nearest hundredth) by (ii) the Fair Market Value on the vesting date. The decision of the Committee regarding any such adjustment shall be final, binding and conclusive.
Appears in 1 contract
Samples: Restricted Stock Award Agreement (El Paso Electric Co /Tx/)
Adjustment. 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 Stock other than a regular cash dividend, the number and class of securities subject to the Award shall be appropriately equitably adjusted by the Committee. If any adjustment would result in a fractional security being subject to the Award, the Company shall pay the Holder in connection with the first vesting, if anyin whole or in part, of occurring after such fractional securityadjustment, an amount in cash determined by multiplying (i) such fraction (rounded to the nearest hundredth) by (ii) the Fair Market Value of such security on the vesting datedate as determined by the Committee. The decision of the Committee regarding any such adjustment and the Fair Market Value of any fractional security shall be final, binding and conclusive.
Appears in 1 contract
Samples: Restricted Stock Unit Award Agreement (Thermon Group Holdings, Inc.)
Adjustment. 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 regular cash dividend, the number and class of securities subject to the Award shall be appropriately adjusted by the CommitteeCompany. If any adjustment would result in a fractional security being subject to the Award, the Company shall pay the Holder in connection with the vesting, if any, of such fractional security, an amount in cash determined by multiplying (i) such fraction (rounded to the nearest hundredth) by (ii) the Fair Market Value on the vesting date. The decision of the Committee Company regarding any such adjustment shall be final, binding and conclusive.
Appears in 1 contract
Samples: Bell Sports Corp
Adjustment. 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 Stock shares other than a regular cash dividend, the number and class of securities subject to the Award shall be appropriately adjusted by the Committee. If any adjustment would result in a fractional security being subject to the Award, the Company shall pay the Holder in connection with the vesting, if any, of such fractional security, an amount in cash determined by multiplying (i) such fraction (rounded to the nearest hundredth) by (ii) the Fair Market Value fair market value on the vesting date. The decision of the Committee regarding any such adjustment shall be final, binding and conclusive.
Appears in 1 contract
Adjustment. 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 regular cash dividend, the number and class of securities subject to the Award shall be appropriately equitably adjusted by the Committee. If any adjustment would result in a fractional security being subject to the Award, the Company shall pay the Holder in connection with the vestingfirst settlement, if anyin whole or part, of occurring after such fractional securityadjustment, an amount in cash determined by multiplying (i) such fraction (rounded to the nearest hundredth) by (ii) the Fair Market Value of such security on the vesting datesettlement date as determined by the Committee. The decision of the Committee regarding any such adjustment and the Fair Market Value of any fractional security shall be final, binding and conclusive.
Appears in 1 contract
Samples: Restricted Stock Unit Award Agreement (National Beef, Inc.)
Adjustment. 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 Stock other than a regular cash dividend, the number and class of securities subject to the Award Option and the purchase price per security shall be appropriately adjusted by the CommitteeBoard. If any adjustment would result in a fractional security being subject to the AwardOption, the Company shall pay the Holder Optionee, in connection with the vesting, if any, first exercise of the Option occurring after such fractional securityadjustment, an amount in cash determined by multiplying (i) the fraction of such fraction security (rounded to the nearest hundredth) by (ii) the excess, if any, of (A) the Fair Market Value on the vesting dateexercise date over (B) the exercise price of the Option. The decision of the Committee Board regarding any such adjustment shall be final, binding and conclusive.
Appears in 1 contract
Samples: Nonqualified Stock Option Agreement (Da-Lite Screen Co Inc)
Adjustment. In the event of any stock split, stock dividend, ---------- recapitalization, reorganization, merger, consolidation, combination, exchange of sharesUnits, liquidation, spin-off or other similar change in capitalization or event, or any distribution to holders of Stock Units other than a regular cash dividend, the number and class of securities subject to the Award shall be appropriately adjusted by the Committee. If any adjustment would result in a fractional security being subject to the Award, the Company shall pay the Holder in connection with the vesting, if any, of such fractional security, an amount in cash determined by multiplying (i) such fraction (rounded to the nearest hundredth) by (ii) the Fair Market Value on the vesting date. The decision of the Committee regarding any such adjustment shall be final, binding and conclusive.
Appears in 1 contract
Samples: Restricted Stock Award Agreement (Starwood Hotel & Resorts Worldwide Inc)
Adjustment. 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 Stock other than a regular cash dividend, the number and class of securities subject to the Award shall be appropriately equitably adjusted by the CommitteeBoard. If any adjustment would result in a fractional security being subject to the Award, the Company shall pay the Holder in connection with the first vesting, if anyin whole or part, of occurring after such fractional securityadjustment, an amount in cash determined by multiplying (i) such fraction (rounded to the nearest hundredth) by (ii) the Fair Market Value of such security on the vesting datedate as determined by the Board. The decision of the Committee Board regarding any such adjustment and the Fair Market Value of any fractional security shall be final, binding and conclusive.
Appears in 1 contract
Samples: Restricted Stock Award Agreement (Cobra Electronics Corp)
Adjustment. 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 regular cash dividend, the number and class of securities subject to the Award shall be appropriately adjusted as determined by the Committee. If any adjustment would result in a fractional security being subject to the Award, the Company shall pay the Holder Holder, in connection with the vesting, if any, of such fractional security, an amount in cash determined by multiplying (i) such fraction (rounded to the nearest hundredth) by (ii) the Fair Market Value on the relevant vesting date. The decision of the Committee regarding any such adjustment shall be final, binding and conclusive.
Appears in 1 contract
Samples: Employment Agreement (Exelon Corp)
Adjustment. 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 regular cash dividend, the number and class of securities subject to the Award shall be appropriately adjusted by the CommitteeBoard. If any adjustment would result in a fractional security being subject to the Award, the Company shall pay the Holder Participant in connection with the vesting, if any, of such fractional security, an amount in cash determined by multiplying (i) such fraction (rounded to the nearest hundredth) by (ii) the Fair Market Value fair market value of such security on the vesting datedate as determined by Participant. The decision of the Committee Board regarding any such adjustment and the fair market value of any fractional security shall be final, binding and conclusive.
Appears in 1 contract
Samples: Restricted Stock Award Agreement (Porch Group, Inc.)