Adjustments and Modifications. In the event of a Change in Capitalization, an appropriate and proportionate equitable adjustment shall be made in accordance with Section 6 of the Plan in the number of Restricted Stock Units subject to this Agreement. The Company will make cash payments in settlement of any fractional shares at the time the shares of Common Stock are issued. This Agreement may also be modified, in the discretion of the Committee, both with regard to the Vesting Schedule attached as Exhibit A hereto and termination, by leaves of absence, changes from full to part time employment, partial disability or other changes in Employee’s status.
Appears in 5 contracts
Samples: Restricted Stock Units Agreement (Hawaiian Electric Co Inc), Restricted Stock Units Agreement (Hawaiian Electric Co Inc), Restricted Stock Units Agreement (Hawaiian Electric Co Inc)
Adjustments and Modifications. In the event of a Change in Capitalization, an appropriate and proportionate equitable adjustment shall be made in accordance with Section 6 of the Plan in the number of Restricted Stock Units Deferred Shares subject to this Agreement. The Company will make cash payments in settlement of any fractional shares at the time the shares of Common Stock are issued. This Agreement may also be modified, in the discretion of the Committee, both with regard to the Vesting Schedule attached as Exhibit A hereto and termination, by leaves of absence, changes from full to part time employment, partial disability or other changes in Employee’s status.
Appears in 1 contract
Samples: Deferred Shares Agreement (Hawaiian Electric Industries Inc)
Adjustments and Modifications. In the event of a Change in Capitalization, an appropriate and proportionate equitable adjustment shall be made in accordance with Section 6 of the Plan in the number and kind of Restricted Stock Units Shares subject to this Agreement. The Company will make cash payments in settlement lieu of any fractional shares at the time the shares of Common Stock are issuedshares. This Agreement may also be modified, in the discretion of the Committee, both with regard to the Vesting Schedule attached as Exhibit A hereto and termination, by leaves of absence, changes from full to part time employment, partial disability or other changes in Employee’s status.
Appears in 1 contract
Samples: Restricted Shares Agreement (Hawaiian Electric Industries Inc)
Adjustments and Modifications. In the event of a Change in Capitalization, an appropriate and proportionate equitable adjustment shall be made in accordance with Section 6 of the Plan in the number and kind of Restricted Stock Units Performance Shares subject to this Agreement. The Company will make cash payments in settlement lieu of any fractional shares at the time the shares of Common Stock are issuedshares. This Agreement may also be modified, in the discretion of the Committee, both with regard to the Vesting Schedule attached as Exhibit A hereto and termination, by leaves of absence, changes from full to part time employment, partial disability or other changes in Employee’s status.
Appears in 1 contract
Samples: Performance Shares Agreement (Hawaiian Electric Industries Inc)