Common use of Adjustments for Changes in Capitalization of the Corporation Clause in Contracts

Adjustments for Changes in Capitalization of the Corporation. In the event of any change in the outstanding shares of Common Stock subsequent to the Date of Grant by reason of any reorganization, recapitalization, stock split, stock dividend, combination or exchange of shares, merger, consolidation, or any change in the corporate structure of the Corporation or in the shares of Common Stock, the number and class of Restricted Shares covered by this Agreement shall be appropriately adjusted. Any shares of Common Stock or other securities distributed in respect of the Restricted Shares as a result of any of the foregoing shall be held by the Corporation on deposit for the account of the Grantee until the expiration of the Restricted Period and shall be subject to the forfeiture and other provisions of this Agreement to the same extent and in the same manner as the previously issued Restricted Shares in respect of which they were distributed.

Appears in 5 contracts

Samples: Restricted Stock Agreement (First Indiana Corp), Restricted Stock Agreement (First Indiana Corp), Restricted Stock Agreement (First Indiana Corp)

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Adjustments for Changes in Capitalization of the Corporation. In the event of any change in the outstanding shares of Common Stock subsequent to the Date of Grant by reason of any reorganization, recapitalization, stock split, stock dividend, combination or exchange of shares, merger, consolidation, or any change in the corporate structure of the Corporation or in the shares of Common Stock, the number and class of Restricted Shares covered by this Agreement shall be appropriately adjustedadjusted by the Compensation Committee, whose determination shall be conclusive. Any shares of Common Stock or other securities distributed in respect of the Restricted Shares as a result of any of the foregoing shall be held by the Corporation on deposit for the account of the Grantee until the expiration of the Restricted Period and shall be subject to the forfeiture and other provisions of this Agreement to the same extent and in the same manner as the previously issued Restricted Shares in respect of which they were distributed.

Appears in 1 contract

Samples: First Indiana Corp

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