Common use of Adjustments for Capital Changes Clause in Contracts

Adjustments for Capital Changes. In the event of any change in the outstanding shares of Common Stock of the Company by reason of any stock dividend or split, recapitalization, merger, consolidation, spin-off, reorganization, combination or exchange of shares, or other similar corporate change, or other increase or decrease in such shares effected without receipt or payment of consideration by the Company, a duly authorized representative of the Company shall adjust the number of Restricted Shares granted pursuant to the Plan and this Agreement to prevent dilution or enlargement of the rights granted to the Recipient.

Adjustments for Capital Changes. In the event of any change in the outstanding shares of Common Stock of the Company by reason of any stock dividend or split, recapitalization, merger, consolidation, spin-off, reorganization, combination or exchange of shares, or other similar corporate change, or other increase or decrease in such shares effected without receipt or payment of consideration by the Company, a duly authorized representative of the Company shall adjust the number of Restricted Shares granted pursuant to the Plan Employment Agreement and this Agreement to prevent dilution or enlargement of the rights granted to the Recipient.

Adjustments for Capital Changes. In the event of any change in the outstanding shares share of Common Stock of the Company by reason of any stock Stock dividend or split, recapitalization, merger, consolidation, spin-off, reorganization, combination or exchange of shares, or other similar corporate change, or other increase or decrease in such shares effected without receipt or payment of consideration by the Company, a duly authorized representative of the Company shall adjust the number of Restricted Shares granted pursuant to the Plan Employment Agreement and this Agreement to prevent dilution or enlargement of the rights granted to the Recipient.

Adjustments for Capital Changes. In the event of any change in the outstanding shares of Common the Company’s Stock of the Company by reason of resulting from any stock dividend or split, recapitalization, merger, consolidation, spin-off, reorganization, combination or exchange of shares, or other similar corporate changecapital adjustment, or other increase or decrease in such shares effected without receipt or payment of consideration by consideration, the Company, a duly authorized representative Board of the Company Directors shall adjust this Award in accordance with the number of Restricted Shares granted pursuant to the Plan and this Agreement to prevent dilution or enlargement of the rights granted to the RecipientPlan.